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Discover Overview
Digital is a credit card servicing digital bank and company which is mostly known for its credit cards. But Discover also offers other products like personal loans with fixed rates up to $35,000 with low APR. Also, they offer many interesting offers like personal loans without any origination fees and pre-payment penalties.
Pros
- Loan amount starting from $2,500 – $35,000.
- Soft Pull Credit check available
- Discover offers no pre-payment panalty
- Discover offers no origination fees.{alertSuccess}
Cons
- At Discover co-sighners are not accepted.
- Discover personal loans require a minimum credit score of 660, which is at the high end of fair credit.
- Dicover charges a late fees. {alertError}
Can Be Used as Debt Consolidation Loan
Discover offers personal loans for many purposes such as debt consolidation, home improvements, and big purchases. So if you are looking for a big loan amount then Discover can be the best option for you if you have a bad credit score.
Annual Interest Rate and Fees
Discover charges an APR ( Annual percentage rate ) of 5.99-24.99%. which can vary depending upon your credit score and your creditworthiness.
Minimum Credit Score Required
Offered Loan Amount
Eligibility Criteria
Required Documents
- Valid Identity Proof, VIsa
- Have to provide a DOB.
- Valid current mobile number and Email id.
- An active American bank account.
Repayments Terms
Example of the Discover loan
How to Apply for Discover :
Who is this loan good for
- People who have excellent credit
- People who are looking for a loan to consolidate their higher interest rate loan.
- People who want instant funding into their bank account.
- Borrowers who are looking for loans without origination fees.
Editorial Note: MakeHelpOf does not receive any commission from any website or third-party advertisers. This is just a review article based on consumers’ experiences from the internet. It’s accurate to the best of our knowledge when it’s posted. Please read all the information carefully before you make any decision. {alertInfo}