Discover® Personal Loans – this loan offer is no longer available on Credit Karma Reviews

3.9 out of 5 stars
7 Reviews

From Borrowers in the last year


Application Process

3 out of 5 stars

Customer Service

3 out of 5 stars

4 5

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These reviews were written by current and former borrowers in the last year.

Apr 06, 2017
Anonymous Borrower

This was the most painless loan I've ever applied for and I've applied for some loans in my short years of credit haha. I'm 22, have a  credit score of 726, currently have a car loan with 11k left on it, 4 credit cards with about 40% util, a a tiny school loan for 3k that just started. I have no mortgage or rent which is probably a huge factor for them. Income of around 46k, tends to range higher I'm in sales. I claimed the lowest though. Applied online, spoke with the representative for about 15 minutes. That was on Monday. It is Thursday and the money was deposited this morning. Painless. No incriminating questions, No income verification. Nothing. Just say hey need loan for this and how much and they said ok. That simple. I have a credit card with Discover btw for 4 years if that makes any difference too and no late payments ever and paid off car loans in the past. Not just a good score on my side tremendous history for my age. Just for anyone's interest

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Mar 14, 2017
Extremely easy process
Anonymous Borrower

If you have great or excellent credit, this may be an option for you since most banks don't give personal loans anymore. Apllied on Thursday afternoon, entire process took maybe 10 minutes on the phone, no documentation was required since my FICO score is 823 and I have a Discover card with a high, 95% unused credit limit. It is now Tuesday early AM and the funds were deposited into my account over night. Excellent service, very satisfied 6.99% interest rate, auto pay over 3 years (the minimum possible) for $5000 loan @$154/month. I'm satisfied. 

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Feb 28, 2017
A great way to consolidate debt
Anonymous Borrower

My wife and I both have had Discover cards for a few years now.  Prior to her discover card, she didn't have any loans, cards, or debt; I, however, have had loans (student & personal) dating back to 2008 when I was in high school and at least one credit card since 2010. We used the Discover loan to consolidate some high interest credit cards of mine.  We had gone to our bank (a major regional bank) and been denied because her credit score was simply not old enough and individually we didn't make enough money for the loan size we were asking from the bank ($10,000).  I was skeptical to try Discover loan, having read a variety of reviews from numerous sites, but opted to give them a try.  We were approved for $17,5000 (probably could have been more) at 10.99%.  While not the greatest interest rate, it's lower than what our bank was offering, and on a shorter repayment period (36 months)--and at least 11% lower than each of the cards we wanted to pay off.  The application process was very quick and they called me within hours of my online application and we finalized the following day, with the money coming very quickly.  

I have been very happy with them to date (it's been 4 months since we were approved) and haven't had a hassle with paying.  I'm somewhat old school and don't like to do direct debit, so I pay earlier online and haven't run into any of the issues with payment processing.  Thank you Discover for helping us rebuild our financial stability after two boughts of unemployment! 

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Jan 25, 2017
Nothing but a big Scam!
DMAC370 Borrower

I have been a Discover card holder for years and I got an invitation for a discover loan! Go to the website and put in the invitation number then a valid email address. I put in the email address that Discover has and has had since the beginning of our business relationship, also the same address they send all my alerts and statements too each month. With that address it gives me a red outline not letting me continue past that point. No matter what valid email I put in it fails. This is an advertisement stunt/scam to get you on the phone to push whatever at you. It should not be allowed to continue and you should steer clear of it.

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Jan 02, 2017
Easy and quick!
Anonymous Borrower

Process was very easy and quick! Applied online at night. The next day, I received a call and answered a few questions. Submitted my paystubs online during my lunch and the loan was processed within a couple days. The rep I spoke to was friendly and informative. It's been almost a year now and I haven't had any issues. Happy borrower here!

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Dec 28, 2016
Smooth Transition!
Eloz89 Borrower

It was my first time applying for a loan. I needed a way to get out of pay three different credit cards and move all the debt into one monthly payment. I was pre approved for an Amex loan and a Discover loan, probably based on my excellent payment history. I was really impressed and satisfied with the customer service from the Discover loan specialist. She was clear, direct and straight to the point. She assisted me in all areas and I am happy with the transaction. I would definitely recommend this to everyone. 

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Dec 06, 2016
Anonymous Borrower

Was the most ridiculous waste of my time and the biggest runaround I have ever gone through!Every time I gave them what they asked for they wanted something else.DON'T WASTE YOUR TIME!

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