Features

Discover Bank is a student loans lender based in Greenwood, DE. It was founded in 1960 and offers student loan refinancing in 50 states across the USA (and Washington, DC). 

What are the student loan refinancing rates of Discover Bank?

Discover Bank offers variable rate APRs that range from 4.61% to 8.86%.
Discover Bank offers fixed rate APRs that range from 5.24% to 9.23% APR.

What is the minimum student loan amount you can refinance?

Discover Bank requires borrowers to have a balance of at least $1000 to process a student loan refinance application.

Does Discover Bank charge an origination fee?

No, Discover Bank does not charge a loan origination fee.

What terms does Discover Bank offer?

Discover Bank provides refinancing loans of 10 to 20 years.

Borrowers can add a cosigner to the loan to either meet eligibility requirements or qualify for lower interest rates.

  • Loan Term (Years)
    10 - 20
  • Min Loan
    $1000
  • Variable APR
    4.61% - 8.86%
  • Fixed APR
    5.24% - 9.23%
  • Cosigner Optional
  • Undergraduate Students
  • Graduate Students
  • Parents of Dependent
  • Grace Period / Deferred Interest
    6
  • No Origination Fee
  • Funding Time Range (in days)
    1 - 7
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