That sentence has guided Discover for four decades — and it's the entire design brief behind our personal loans: $200 to $5,000, one fixed rate, zero fees, funded by tomorrow. This page is who we are and why we build them that way.
Most lenders chase big loans because big loans mean big interest. We went the other way. The money emergencies that actually derail people — the $600 transmission, the $1,200 dental bill — live under $5,000, exactly where traditional lenders won't go and payday lenders feast.
So our personal loans start at $200, run to $5,000, and price like bank products: a fixed 6.99%–24.99% APR with no origination fee, no prepayment penalty, and no late fees. The APR you're quoted is the entire cost. That's not a promotion; it's the product.
Discover personal loans are issued by Discover Bank, Member FDIC, operating under Capital One, N.A. since our 2025 combination — which means real banking regulation, real examinations, and real consequences for fine print.
We add our own layer on top: a 30-day money-back guarantee. Take a loan, change your mind within 30 days, return the funds, pay zero interest. We're the only major lender confident enough in the product to offer that.
One APR, zero fees, no asterisks. If a cost isn't in the rate, it doesn't exist.
60-second decisions, next-business-day funding — fast enough for real life, never priced like desperation.
Loans from $200 so nobody over-borrows, and soft-pull rate checks so finding out is always free.
Issued by Discover Bank, Member FDIC — with the regulation, encryption, and accountability that implies.
Check your rate in 60 seconds — soft pull, zero score impact, zero obligation. Exactly as advertised.