Do you believe in destiny? Sometimes, you just know deep down that something is meant for you. The postgraduate degree from that prestigious school. Your own fully-furnished hobby room. That sleek-black motorbike you can take your sweetheart on. A luxury caravan to bring your family to during the winter holidays. Whatever it is, you can see it before you clear as day, and with your name on it.
But the reality is lots of people stop there, and mostly because of the price. Even if the dream is within reach, they can’t claim it while supporting a household. If you have the same concern, try talking to your lender about £40,000 personal loans. They can finance your purchase, and you can still pay for bills all the same. What’s more, you can repay at your own pace with interest lower than that of your credit card. Just think of it as the universe’s way of helping you seal in your destiny!
A little knowledge goes a long way, so here’s our guide to £40,000 personal loans. You should find something that’ll become useful if you do proceed with your application.
Terms from 1 to 10 years. Representative example: 5 year £10,000 loan with comparison rates from 2.8% to 49.9% APR would cost between £10,728 and £27,321, including fees. The interest can vary between £728 and £17,321.
Repayments on a £40,000 personal loan
Your monthly loan repayment amount can be different for each lender. The interest rate on your personal loan is based on things like your credit score and the length of your loan. The longer the loan term, the smaller the monthly payment, but it costs more money in total. Additionally, different lenders have varying administration fees, which will impact how much your loan costs in total. Make sure you compare all these factors before choosing a lender to get the best deal for you.
Indicative costs when you borrow £40,000 over 60 months:
- Origination or administration fee: 0% up to 8% of the loan amount
- Interest rate (APR): 2.7% to 29.99%
- Monthly repayments: £713 and £1,294
- Total cost on a £40,000 loan: Between £42,806 and £77,633
From the example above, you can see that the interest rate greatly impacts how much the loan will cost over time.
£40000 Personal loan calculator
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £25,000
Paying off your debt using a Nationwide loan could give you the chance to take control of your finances.
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £15,000
You are eligible if youre 21 or over and live in the UK permanently, you have a regular yearly income of £6,000+, you are able to make your repayments by Direct Debit, and you havent been declared bankrupt, had a CCJ or an IVA within the last 6 years. All credit is subject to status and credit checks.
Repayment Period
12 months
to 96 months
Loan Amounts
£15,000
to £25,000
Make your plans a reality with a personal loan with fixed monthly payments, an instant credit decision, quick access to funds and no arrangement fee.
Repayment Period
24 months
to 60 months
Loan Amounts
£15,000
to £24,999
When it comes to putting your plans into action, its personal. And with a personalised loan just a few clicks away, getting things moving could be simpler than you think. Get your loan rate before you apply without it affecting your credit score.
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£5,000
to £50,000
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£2,000
to £65,000
Whether youre looking for your new car, making home improvements, planning a fabulous wedding or just tidying up your finances, a loan from Bank of Ireland UK could help make your dreams come true.
EST Monthly Repayment
12 months
to 84 months
EST Monthly Repayment
£30,000
to £50,000
Make bigger purchases more manageable with a Personal Loan at 3.3% APR representative. Apply via the App or Online Banking and you could get the money in minutes.
EST Monthly Repayment
24 months
to 96 months
EST Monthly Repayment
£35,001
to £50,000
If you're thinking about changing your car, tidying up your finances or making some improvements to your home, a loan from us could be the helping hand you need.
EST Monthly Repayment
24 months
to 60 months
EST Monthly Repayment
£35,001
to £50,000
If you're thinking about changing your car, sprucing up your home or planning your dream wedding, a Royal Bank of Scotland loan could help get you there.
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£35,001
to £50,000
Representative 3.4% APR This rate is available on loans between £7,500 and £19,950. Other loan amounts are available at alternative rates. Our rates depend on your circumstances and loan amount and may differ from the Representative APR.
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£2,000
to £65,000
Whether youre looking for your new car, making home improvements, planning a fabulous wedding or just tidying up your finances, a loan from Bank of Ireland UK could help make your dreams come true.
EST Monthly Repayment
24 months
to 60 months
EST Monthly Repayment
£25,000
to £50,000
When it comes to putting your plans into action, its personal. And with a personalised loan just a few clicks away, getting things moving could be simpler than you think. Get your loan rate before you apply without it affecting your credit score.
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£2,000
to £65,000
Whether youre looking for your new car, making home improvements, planning a fabulous wedding or just tidying up your finances, a loan from Bank of Ireland UK could help make your dreams come true.
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£2,000
to £50,000
Get a step closer to your dreams and goals by availing our Personal Loans and meet your financial needs. You can avail a personal loan to meet unexpected expenses, a dream holiday, school or college fees, wedding expenditure, home improvement expenses or even purchase of consumer durables.
EST Monthly Repayment
12 months
to 72 months
EST Monthly Repayment
£2,000
to £50,000
The Bank offers a range of lending services and products to its private and corporate clients. These services include loans, overdrafts, discounting of commercial drafts and other Trade Finance related activities.
EST Monthly Repayment
12 months
to 72 months
EST Monthly Repayment
£2,000
to £50,000
The Bank offers a range of lending services and products to its private and corporate clients. These services include loans, overdrafts, discounting of commercial drafts and other Trade Finance related activities.
EST Monthly Repayment
12 months
to 72 months
EST Monthly Repayment
£2,000
to £50,000
The Bank offers a range of lending services and products to its private and corporate clients. These services include loans, overdrafts, discounting of commercial drafts and other Trade Finance related activities.
EST Monthly Repayment
12 months
to 240 months
EST Monthly Repayment
£5,000
to £100,000
We could offer you a second mortgage of between £5,000 and £100,000 if you are a homeowner in England, Wales, Scotland or Northern Ireland.
EST Monthly Repayment
12 months
to 240 months
EST Monthly Repayment
£5,000
to £50,000
We provide specialised secured loans. However, we do it differently. Evolution Money are specialists in offering bespoke affordable secured loans to their customers.
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£5,000
to £100,000
Providing helpful everyday finance. Were the power behind some of the UKs best known brands, providing a range of helpful everyday finance solutions giving you flexibility and control.
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Minimum and maximum loan periods vary between 1 month and 10 years. APR varies between 2.80% and 71.30% p.a. Total interest repayments vary between £435 and £1,019 over the life of the loan. *APR is based on an unsecured loan of R£15,000 for a term of 3 years. WARNING: This APR is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different APR. These rates can change without further notice. All rates quoted are per annum.
