Is it difficult to get a Discover personal loan? This question is about Discover

It is not very difficult to get a personal loan from Discover because they require a credit score as low as 660+ for approval. Other Discover requirements include being at least 18 years old, being a U.S. citizen or permanent resident, and having enough income to afford monthly loan payments. Discover Personal Loan Requirements Minimum credit score: 660+ credit score Minimum Income: $25,000+ per year minimum income Age: 18+ years old Residency: U.S. citizen or permanent resident Identification Type: SSN Once you make sure you've met all the requirements for a Discover personal loan, you should have a good chance of approval. However, the exact interest rate you receive will depend on factors such as your credit score, income and debt. You can use WalletHub's free pre-qualification tool to see if you're likely to get approved and what rates you could get. Plus, it won't hurt your credit.

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Is it difficult to get a Discover personal loan?

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This question is about Discover

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Grace Enfield, Content Writer

@grace_enfield • 11/17/21 This answer was first published on 11/17/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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It is not very difficult to get a personal loan from Discover because they require a credit score as low as 660+ for approval. Other Discover requirements include being at least 18 years old, being a U.S. citizen or permanent resident, and having enough income to afford monthly loan payments.

Discover Personal Loan Requirements

Minimum credit score: 660+ credit score
Minimum Income: $25,000+ per year minimum income
Age: 18+ years old
Residency: U.S. citizen or permanent resident
Identification Type: SSN

Once you make sure you've met all the requirements for a Discover personal loan, you should have a good chance of approval. However, the exact interest rate you receive will depend on factors such as your credit score, income and debt.

You can use WalletHub's free pre-qualification tool to see if you're likely to get approved and what rates you could get. Plus, it won't hurt your credit.

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What credit score is needed for a personal loan?

The minimum credit score for personal loan approval is 580, depending on the lender. That means it is possible to get an unsecured personal loan with a bad credit score, though such a loan will likely have an origination fee.

For your reference, WalletHub researched some of the most popular lenders to find out more about their specific loan requirements.

Credit Score for Personal Loan Approval by Lender

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What are the personal loan requirements?

Major personal loan requirements include being at least 18 years old, having a bank account, having a good credit history, and having enough income or assets to afford monthly loan payments. Specific personal loan requirements vary by lender, however. Avant requires a credit score of 600 or higher, for example, while Prosper sets the bar at 640 and SoFi asks for 680. Most lenders don’t disclose annual income requirements, but two exceptions are LendingPoint ($20,000+)...

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How do you get a personal loan from a bank?

To get a personal loan from a bank, first check your credit score, then compare available offers to find the best rates, fees and payoff periods. After that, check for pre-qualification, submit an application either online or in person and wait for a decision. The steps may not sound all that complex, but preparing to get a loan can be time consuming.

How to Get a Personal Loan from a Bank

Check Your Credit

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