Apply for Discover Personal Loans – Pay Off Debt Faster

Certain Discover card customers are eligible to take advantage of an exclusive offer to apply for a Discover Personal Loan online at Cardholders that are eligible for this offer should have received an invitation in the mail to apply.  The invitation is only for members that have a preferred status as a loyal Discover cardmember along with meeting other eligibility factors.

Discover Personal Loan Apply Online

Before getting started with completing the application members will need to locate the 16 digit personal ID number which is located on the front of the paper card attached to your invitation letter.  This number along with your email address starts the application process at the Discover Personal Loan application site.

Please note before beginning the invitation only determines if you’re able to qualify for the loan and will not impact your credit score.  You will receive an offer that if you like it the next step is to complete the application and afterwards wait for a decision. The decision process only takes a few minutes and when approved accept your loan.

To start everything at the Discover application site enter your invitation number and email address then select Continue.  To continue on with applying you will need to enter the following info:

  • Loan amount between $2,500 and $35,000
  • Reason for the loan
  • Loan term length (36 month, 48 month, 60 month, 72 month, or 84 month)
  • Name
  • Home address
  • Phone number
  • Employment info
  • Income info
  • Acknowledge disclosures

The entire application process only takes about 5 minutes because your personal invitation ID acknowledges your information that is on file and pre-populates many of the fields in the application to speed everything up.  

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Apply By Mail

If you aren’t interested in applying online consider completing your paper application and mailing it back.  You however won’t receive an instant decision like the online application option but expect to receive notification of a decision within 7 days or so.  The online option works faster and is a much more convenient option for most customers. The address to mail your application back to Discover is:

Discover Personal Loans

PO Box 5192

Southfield, MI  48086-9907

Discover Personal Loan Program Details

This Discover debt consolidation loan program was designed to assist customers with paying down and consolidating high interest debts by receiving a fixed rate loan.  One of the perks with this loan is it will pay your creditors directly. To take advantage of this option you will need to select “debt consolidation” as your loan use and if you plan to have 70% or more of your funds paid directly to your creditors.  You will need to enter your creditor’s info so payments can be automatically sent to them.

Other Loan Highlights

  • Get same day decision
  • Erase debt in at least 36 months
  • Save hundreds/thousands of dollars in interest
  • Flexible repayment options
  • APR between 6.99% and 24.99% based on creditworthiness at time of application
  • Money sent as early as the next business day if you’re approved and you accept the loan
  • Discover customer service is available 7 days a week by calling 1-800-767-7359

If you have a need for a personal loan for bill consolidation, planning a trip, or even for a vehicle purchase consider applying for the loan prior to the promotion offer due date.


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