Everything You Need to Know About Getting a $40,000 Personal Loan

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What Is a Personal Loan?
Qualifying Criteria for a $40,000 Loan
A minimum credit score A minimum annual income A low debt-to-income ratio (your gross monthly income as compared to your monthly debts)
Typical $40,000 Loan Terms
$40,000 Personal Loan Monthly Payments
Top $40,000 Personal Loan Lenders
Compare Personal Loan Rates
Getting Preapproved for a Personal Loan
The Takeaway
Frequently Asked Questions
Photo credit: iStock/Drazen Zigic
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About the Author
Su Guillory is a freelance business writer and expat coach. She’s written several business books and has been published on sites including Forbes, AllBusiness, and SoFi. She writes about business and personal credit, financial strategies, loans, and credit cards.
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