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40k Personal Loans: Find the Best Interest Rates

Got a big purchase in mind? A $40,000 personal loan could be just what you need. With our easy-to-use calculator, you can see how affordable monthly payments can be. Plus, we'll help you compare lenders to find the best deal. Ready to take the next step? Dive in and start calculating!

Personal Loans Calculator

Loan amount


Term in months


Interest rate per year



Monthly payment


Total paid


Interest paid

Month Balance Interest Principal
1 $10000.00 $37.50 $816.29
2 $9183.71 $34.44 $819.35
3 $8364.37 $31.37 $822.42
4 $7541.95 $28.28 $825.50
5 $6716.45 $25.19 $828.60
6 $5887.85 $22.08 $831.71
7 $5056.14 $18.96 $834.82
8 $4221.32 $15.83 $837.96
9 $3383.36 $12.69 $841.10
10 $2542.26 $9.53 $844.25
11 $1698.01 $6.37 $847.42
12 $850.60 $3.19 $850.60

An average 40k personal loan with an APR of 4.5% could be split into 60 monthly payments of $745.72.
The Total Interest you would pay during this time would be $4,743.25
We have found 11 Lenders that can fit the personal loan you are looking for.
We welcome you to compare the top lenders and find the one that suits you best or try entering other parameters in the calculator below.

What You Can Use A 40k Loan For

There are many things you could use a $40,000 loan for. Many expensive goods and services can be made affordable with a loan of this size. It can also get you a new car, which costed $38,723 on average in 2020.

Use $40k To Buy A New Car.

With $40k, you have a wide range of options for a new car. Average car prices are skewed slightly higher by very expensive models, as cheap models become rarer, even if you include used cars.

The good news is that a $40k loan can help you to buy a new, reliable vehicle with a warranty that may improve your quality of life for years to come. For less than $40,000, you can get a great SUV for a suburban family. Or, you could get a high-quality and reliable commuter vehicle or even a lower-end (but brand new) RV if you’d like. 

The best car loans can enable you to get a great deal on a new car that will last for a long time.