Discover Financial Services Review

Top Lending and Credit Company

Discover Financial Services is a full service public financial services company listed on the NYSE under the symbol “DFS.” Discover offers loan products in addition to its credit card offering as a value-added service to their core credit card business, which is the third largest credit card brand in the United States. Discover has over 50 million card holders in the U.S. and has grown into an international brand, providing services all across North America.

As one of the leading brands in the credit industry, it is no surprise that Discover has successfully transitioned into consumer lending as an extension of its existing business. The expert lending team at Discover has leveraged their capability to determine creditworthiness into a customer-focused personal loan business.

Discover assigns an interest rate based on a borrower’s default risk and allows borrowers to choose terms between 3-7 years that will most suit their financial needs. Unlike many other lenders, Discover Personal Loans are offered in all 50 states. 

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Discover Highlights

  • Short turnaround for funding

Qualified borrowers can get a loan decision the same day they apply, and can have the funds sent to an account by the following business day.

  • Dedicated 100% U.S.- Based Customer Service Team

Expert lending specialists are available from 8am-11pm on weekdays and 9am to 6pm on weekends.

  • Industry leader in term flexibility

Discover provides an APR to qualified borrowers based on creditworthiness at the time of application. Borrowers can choose loan terms of 3-7 years to best suit their financial needs. 

Pros Vs. Cons

  • Fixed rate APR’s as low as 6.99% for well qualified borrowers
  • Borrowers can apply online or directly over the phone with a 100% U.S.-based lending specialist
  • Fixed rate loans from $2,500- $35,00
  • Available in all 50 states
  • No origination fees
  • No prepayment penalty
  • Check qualification with no impact to credit
  • No short-term loans
  • Minimum loan available is $2,500



Loan Term Options 

Discover offers some of the most flexible loan terms in the industry, giving borrowers the option to choose a term rate between 3-7 years.

Loan Purpose and Amount Flexibility 

Discover customers can receive up to $35,000 in funding. Personal loans can be issued for uses including weddings, vacations, major purchases, medical expenses and debt consolidation.

Information and Support 

Discover offers borrowers the tools of an established lender. Customers can use a handy personal loan calculator and a debt consolidation calculator to find the exact loan amount needed to match their specific circumstances. Customers can talk to Discover’s team of qualified lending experts by phone or email seven days a week.

Ease of Quote Application Process 

Discover’s quote application is a 10-15 minute process. Potential borrowers must enter their personal information, income information, employment information and bank account(s) information.


Discover Financial Services is one of the leading credit card companies in the U.S., giving them an edge when it comes to providing consumer oriented products and making it no surprise that they are also a leader in consumer lending. A Discover personal loan, which has no origination fees, may be an ideal solution for people with good credit and a strong financial history.  

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Physical Address

Discover Financial Services

P.O. Box 30943

Salt Lake City,

UT 84130-0943


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