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Discover Bank, Member FDIC · Fixed APR from 6.99%
Home Licenses & Disclosures
Regulatory Disclosures

Licenses & Disclosures

Effective: January 1, 2026 Last updated: July 27, 2026
Plain-English Summary

Discover personal loans are issued by Discover Bank, Member FDIC — a federally regulated bank — which is why the same fee-free terms are available in all 50 states without separate state lending licenses.

01Lender Identity

Personal loans described on this site are issued by Discover Bank, Member FDIC, operating under Capital One, N.A. following the May 2025 combination. Discover Bank is chartered in Delaware and supervised by federal banking regulators.

02Nationwide Lending Authority

As an FDIC-insured, federally supervised bank, Discover Bank lends under its bank charter in all 50 states and the District of Columbia. The 6.99%–24.99% fixed APR range, $200–$5,000 amounts, and zero-fee structure apply uniformly nationwide, subject to individual underwriting.

03Key Federal Disclosures

04State Notices

StateNotice
CaliforniaLoans made pursuant to Discover Bank's federal banking authority. California residents may contact the Department of Financial Protection and Innovation with complaints.
New YorkNew York residents may contact the New York State Department of Financial Services (1-800-342-3736) regarding consumer complaints.
TexasThis lender is not required to hold a Texas Regulated Lender license as an FDIC-insured depository institution.
Alabama / NebraskaMinimum borrower age is 19.

05Complaints

To file a complaint, email [email protected]. You may also contact the Consumer Financial Protection Bureau at consumerfinance.gov or 1-855-411-2372.

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Fixed APR from 6.99%

$200 – $5,000 · $0 fees · Next-day funding

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