Grace Enfield, Content Writer
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Yes, Discover will require a proof of income when you apply for a personal loan. Discover requires a minimum annual income of $25,000 to ensure that you can make your monthly payments, and if you don't meet the minimum income requirement, you likely won't get approved.
Discover verifies income by requesting pay stubs and bank statements. However, simply meeting the income requirement does not guarantee approval for a loan. There are other Discover personal loan requirements, as well.
Discover Personal Loan Requirements in 2023
- $25,000 annual income
- Be at least 18 years old
- Be a US citizen or permanent resident
- Have a Social Security number
- Have a credit score of 660 or higher
If you want a better idea of what personal loans you may qualify for with your income, you can use WalletHub's free pre-qualification tool.
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