$40,000 personal loan: monthly payments by term and interest rate
A $40,000 personal loan costs between $889.78 and $1,882.94 a month at 12% APR, depending on the term. Pick a term below to see the full cost, or use the table to compare rates.
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Monthly payment on $40,000 by term and APR
Read across for the interest rate and down for the length of the loan.
$40,000 personal loan: monthly payment
| Term | 8% APR | 10% APR | 12% APR | 15% APR | 20% APR | 25% APR |
|---|---|---|---|---|---|---|
| 2 years | $1,809.09 | $1,845.80 | $1,882.94 | $1,939.47 | $2,035.83 | $2,134.86 |
| 3 years | $1,253.45 | $1,290.69 | $1,328.57 | $1,386.61 | $1,486.54 | $1,590.39 |
| 4 years | $976.52 | $1,014.50 | $1,053.35 | $1,113.23 | $1,217.21 | $1,326.29 |
| 5 years | $811.06 | $849.88 | $889.78 | $951.60 | $1,059.76 | $1,174.05 |
Fixed rate, equal monthly payments, no fees.
$40,000 over each term
Sources and further reading
Questions people ask
What is the cheapest way to borrow $40,000?
The cheapest loan has the lowest APR and the shortest term you can afford, with no origination fee. Compare banks, credit unions and online lenders using prequalification, which uses a soft credit check.
Results are estimates for information only, not financial advice. Read the full disclaimer.
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