How to Apply for Discover Personal Loan with Invitation Code :
Discover is a United States-based credit card brand. Sears introduced Discover in 1985. At the time when it was launched, they did not charge any annual fee and provide a higher than the normal credit limit. Most of their credit cards are issued by Discover Bank, formerly known as the Greenwood Trust Company.
About Discover Personal Loan :
Discover is best known as a credit card brand, but you might not know is that they offer competitive personal loans. The Discover loans are among the few personal loans that do not charge an origination fee. You will be required excellent credit score to apply for the Discover Personal Loan.
How to Apply for Discover Personal Loan with Invitation Code :
It is quite easy to apply for the Discover Personal Loan with the invitation code. If you have the invitation code, then you have to follow these simple instructions below:
- Firstly, you need to click on this link www.discoverpersonalloans.com/apply.
- Then, on the required fields, simply provide your invitation ID and email address.
- After entering all the required details, you just have to click on the Continue button.
- Then, you can simply follow the on-screen guideline to apply for the Discover Personal Loan.
Pros and Cons of Discover Personal Loan :
Before applying for the Discover Personal Loan, you should check the pros and cons:
Pros:
- Online Tools: Borrowers can take advantage of Discover’s free education tools, debt consolidation calculator, personal loan calculator, and an online library of articles.
- Flexible Payment Terms: Several lenders provide three- or five-year loans, but Discover offers loan repayment terms of up to seven years or 84 months.
- Few Fees: Discover does not charge any fees, except the late fee. This means, you don’t have to pay the origination fee, which some lenders take out of the total amount of your loan.
Cons:
- Tailored to Borrowers with Good Credit: You must have a minimum credit score of 660, and the typical borrower holds a credit above 700.
- No Co-Signers: There are some personal loan lenders, you can add a co-signer to your loan if your credit score is too low to get approved on your own. As there is no co-signer allowed on Discover Personal Loan, you may have to choose another lender if you don’t qualify.
Rates and Fees of Discover Personal Loan :
- Loan Amount: $2,500 to $35,000.
- APR: 6.99% to 24.99%
- Minimum Credit Requirement: 660
- Time to Receive the Fund: You will get the fund as soon as one business day.
Also Read : Access To Your Loan Depot Online Account
How to Make the Repayment for Discover Personal Loan :
There is mainly three option available to pay off your Discover Personal Loan. You can choose to follow any method to make the payment for your loan:
Online Payment Method:
You can easily pay off your personal loan through an online loan account. You have to follow these simple instructions below to make the payment for your Discover Loan:
- Firstly, you need to visit the Discover website by clicking on the above-mentioned link www.discover.com.
- As you landed on the homepage, you will see the login section on the right side.
- You have to enter your registered login credentials on the given fields.
- There, from the drop-down menu, you have to select the Personal Loan option.
- After that, you just need to click on the login button to access your loan account.
- Once you logged in to your account, you can easily pay off your personal loan amount.
Pay by Phone:
You can also make your payment for your Personal Loan through the automated phone service. To make the payment, you have to dial 1-877-256-2632 from your phone. After calling on this number, you have to choose option 1. Then, simply follow the on-call instructions to complete your loan payment.
Pay by Mail:
You can also use the mail service to pay off your Discover Personal Loan. You just need to send your personal loan to this address below:
Discover Personal Loans
P.O Box 6105
Carol Stream, IL 60197-6105
For making the overnight payment, you have to send your payment stub to this address below:
Discover Personal Loans Attn:
Lockbox Operations / 6105
2012 Corporate Lane, Suite 108
Naperville, IL 60563
Discover Contact Info :
If you have any queries about the Discover Personal loan, you can contact the customer service department.
Call At: 1-866-248-1255
Service Hours:
Monday-Friday, 8 a.m.-11 p.m. ET
Saturday-Sunday, 9 a.m.-6 p.m. ET
For General Queries: 1-877-256-2632
Monday-Friday, 8 a.m. – 8 p.m. ET
Write At:
Discover Personal Loans
P.O Box 30954
Salt Lake City, UT 84130-0954
Reference Link :
www.discoverpersonalloans.com/apply