Discover vs OneMain Financial

Discover Loans charges 7.99% APR compared to OneMain Financial's 11.99% APR, making Discover significantly cheaper for borrowers. Discover also offers FDIC insurance protection, while OneMain does not. Both require $0 minimum balance and charge no monthly fees.

Option A

Discover

7.99%
APR
Min
$2500
Fee
$0/mo
Best for: rate-maximizing savers
Open with Discover
Option B

OneMain Financial

11.99%
APR
Min
$1500
Fee
$0/mo
Best for: savers prioritizing brand familiarity
Open with OneMain Financial

How this comparison was built

Rates and fees are pulled from each provider's published rate disclosures and reviewed by our product data pipeline. The verdict above is generated from the verified data — we don't accept payments to influence rankings. Last refreshed 8/23/2026.