PrimeRates provides access to personalized loan offers through our simple and quick pre-qualification application. Once you’re pre-qualified, you can select the best offer for you and finalize the loan application with the lender.
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Simple pre-qual application in less than 1 minute.
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Choose the offer that best fits your needs.
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Finalize your loan offer, get approved, and receive funds.
A $40,000 personal loan can help cover expenses ranging from medical bills and car repairs to home improvements and debt consolidation. Many lenders offer quick online applications with funding as fast as the next business day.
Compare your options below to find the best rate and terms for a personal loan of $40,000.
These lenders offer personal loans that include $40,000 in their available range.
| Lender | APR range | Max. loan | Min. credit |
| SoFi | 7.99% – 29.99% | $100,000 | 680 |
| LightStream | 7.49% – 25.49% | $100,000 | 660 |
| Upgrade | 6.94% – 35.97% | $50,000 | 580 |
| Marcus | 6.99% – 24.99% | $40,000 | 660 |
| Best Egg | 8.99% – 35.99% | $50,000 | 640 |
At 10% APR with a 60-month term, your monthly payment on a $40,000 loan would be approximately $848. Your actual payment depends on your APR and chosen term length.
Yes. Lenders like Upgrade (580+ score), Upstart (AI-based, no strict minimum), and OneMain Financial (no minimum) work with borrowers who have lower credit scores. Rates will be higher, but approval is possible.
Many online lenders offer same-day or next-business-day funding after approval. LightStream offers same-day funding, while Upgrade, Best Egg, and Upstart typically fund by the next business day.
SoFi offers loans up to $100,000 with no fees and member benefits including unemployment protection.
LightStream offers same-day funding, no fees, and a Rate Beat program.
Marcus charges zero fees — no origination, prepayment, or late fees.
Best Egg has funded over $24 billion in loans with next-day funding.
Upgrade accepts credit scores as low as 580 and offers loans starting at just $1,000 with next-day funding.
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