Discover® Personal Loan Uses
Use a personal loan for almost anything
Whatever life throws you, a personal loan up to x can help.
Check Your Rate Won't impact your credit
Some popular ways to use a personal loan
Personal loans can help with other major expenses
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Plan your dream family vacation, cruise, or European getaway.
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Cover wedding costs, including the venue, reception, or honeymoon.
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Financial Emergencies
Get the money you need to cover unplanned expenses.
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Auto Expenses
Pay for needed repairs.
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Pet Emergencies
Pay for veterinary bills and other medical costs for your pet.
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Small Business
Cover startup costs, including hiring, inventory, and office space.
What you can count on from Discover
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Great RatesSave on interest with a fixed interest rate from x to x APR.
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Flexible TermsBorrow up to x and repay it over x to x years — it's your choice.
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No Up-Front FeesPut more of your funds to work with no fees of any kind — as long as you pay on time.
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Funds Sent FastFunds can be sent as early as the next business-day after acceptance.
Estimate monthly payments for a personal loan
Frequently asked loan questions
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A personal loan has many different uses. Because funds can be deposited directly into any of your bank accounts, you can use a personal loan in a variety of ways. Personal loans are often used for debt consolidation, so you may be able to pay down your debt at a fixed rate. A personal loan can also help finance a large purchase, like a wedding, a vacation or a home remodel. If you're facing an unexpected expense or a financial emergency you can get the funds you need with a personal loan. You can also use a personal loan to cover medical bills, adoption or IVF, auto repairs, and more.
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Yes, you can take out one personal loan and use it in many ways. Because funds can be disbursed as a lump sum, how you use your personal loan is at your discretion.
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Discover Personal Loans does not make auto loans. If you're buying a motorcycle or RV, a personal loan can help you finance the purchase.
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Most people receive a decision the same day as long as their application is complete and there is no missing information.