Discover Bank
Check full information about Discover Bank — review, rating in 2024. See detailed contact information, financial data, locations and list of branches.
4.51
Branches near me
Financial data
All values USD, Dollar figures in thousandsAll Financial Data Discover Bank
113,025,156
101,049,179
79,903,516
11,975,977
Discover Bank Personal loans Pros&Cons
Pros:
- Quick funding: With most Discover personal loans, you will get access to your funds within 1-2 business days.
- Flexible terms: Discover personal loans offer flexible payment terms of 36, 48, 60, 72, and 84 months with fixed interest payments.
- No origination fees: Discover does not charge any origination fees for personal loans. Typical origination fees are 1% to 10% of the total amount of the loan.
- Direct payment options: All Discover loans have the option to pay creditors directly. That way, you don’t have to worry about making the loan payments yourself.
- Free credit monitoring: All Discover personal loans also come with free FICO credit score monitoring.
- 30-day guarantee: If you change your mind, you can cancel your loan within 30 days of its first funding and return the funds. You will not be charged any interest.
Cons:
- No co-signing/co-borrower option: Unfortunately, Discover does not allow co-signing or joint-loan options for personal loans.
- Low loan limits: Discover personal loans have lower cash limits than other lending institutions at $35,000 max.
- Late fees: If you fail to make a monthly payment on time, Discover will charge a $39 late fee.
- No autopay discount: Unlike many other lenders, Discover does not provide a discount on monthly payments when you switch to autopay.