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£40,000 loans


Searching won’t harm your credit score

Our loan service comes highly rated


At MoneySuperMarket our goal is to provide the best way to find a great loan deal – so comparing with us is quick and easy.


Join thousands of happy customers who’ve found a loan with us.


of our customers would buy again based on 2,588 reviews

Choose a £40,000 loan with MoneySuperMarket

If you want to invest in your home – perhaps a kitchen extension or loft conversion – which could add value, a loan could help you realise your dreams.

You can search for £40,000 loans with MoneySuperMarket – but high value loans are likely to be secured loans - which means you’ll need to use your home as security against the debt. 

When you search with us we’ll find loan deals that are most suitable for your needs – and show you your chances of being accepted. And it won’t impact on your credit score.  Just tick to say you’re a homeowner if you want to compare secured loans. 

MoneySuperMarket is a credit broker – this means we’ll show you products offered by lenders. You must be 18 or over and a UK resident.

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Why compare £40,000 loans with MoneySuperMarket

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It’s quick and easy


You can see all the loans you’re eligible for in one place. This includes the interest rate you’ll be charged and the monthly repayments you’ll pay, plus your chance of being accepted.


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It won’t harm your credit score


We’ll run a ‘soft search’ on your finances and credit history to show you your chances of being accepted for a loan – this won’t leave a mark on your credit file or affect your credit score.

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Compare from leading providers


If you choose a secured loan deal our partner Fluent will contact you to discuss your secured loan options. Once you’ve decided on a deal you can make a full application.

We’ve partnered with Fluent Money to help you find the right secured loan

How much will a £40,000 loan cost?


How much a £40,000 secured loan will cost you will depend on a range of factors, such as...

  • How long you want to borrow the money – you can specify this on your loan application

  • How much interest you’re paying – this will be set by your lender and the rate is based on your individual financial circumstances and credit score

Taking out a £40,000 loan over a longer time frame will mean lower monthly repayments – but you’ll pay more interest over the life of the loan. Our loan calculator can help you work out loan costs over different terms and at different rates. 



Example of costs of a £40,000 loan

  3% over five years 3% over seven years
Monthly repayments £718 £528
Total cost of loan and credit £43,082 £44,335


These rates were chosen for illustration purposes and are not based on any products available with MoneySuperMarket. Calculations were made using MoneySuperMarket’s loan calculator. Data compiled by MoneySuperMarket and correct as of Jan 2022.

With a pre-approved loan, the deal you see is the deal you get

When you apply for a loan, it’s not always clear what deal you’ll be offered or whether you’ll be accepted. But when you’re pre-approved for a loan, you know the deal you see is the deal you’ll get – you’ll know where you stand, with information that will help you make the right choice.

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    Apply with confidence

    When you’re pre-approved, the
    loan amount, duration and interest
    rate are all confirmed

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    Tailored to you

    When you know what you’ll be able to
    borrow and how much it will cost, you
    can choose a loan that’s right for you

  • Credit Monitor image

    You’re in safe hands

    This helps protect your credit score as
    you’re less likely to be rejected when
    you apply




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Can I get a £40,000 loan with bad credit?

If you’ve had debt problems in the past and you’ve missed repayments which means your credit score is low, then you might struggle to get a £40,000 loan.  

But it could still be possible. Your options could include:

  • A secured loan - where you put up security against your borrowing, such as your house. 

  • A specialist loan for bad credit. 

  • A guarantor loan, where a friend or family member agrees to act as a guarantor and be jointly liable for your debt

Working on your credit rating will help you borrow at better rates in the future. Check your score for free with credit monitor and get helpful tips on giving it a boost.  .






How to apply for a £40000 loan with MoneySuperMarket

We’re here to help find the right loan for you, so we’ll tell you which rates you’re guaranteed to get.

  • Results

    It doesn’t take long

    Tell us a little about your finances and tick to say you're a homeowner to see secured loans

  • Savings icon

    We’ll browse the market

    We’ll search through loans from a wide range of lenders on the market

  • Guaranteed cards

    Compare loans

    You’ll be able to sort loans by the overall cost and the likelihood you’ll be accepted


APR, or your Annual Percentage Rate, is the interest rate at which you pay back money you’ve borrowed. It takes into account the actual interest rate you pay, plus any other fees or charges involved in the deal, to give you a more complete picture of what your loan will cost.

When you see a rate advertised as the representative APR, this means the lender is required to offer this rate to at least 51% of applicants – however it doesn’t mean you’re guaranteed to receive this interest rate yourself.



A soft search or soft application is a way of finding out where you stand in terms of getting a loan without leaving a mark on your credit report. It’s a way to find out if you’re eligible for a loan without harming your chances of being accepted.


There are lots of things you can use a £40k loan for.  A popular use is for home improvements, which could add to your property’s value. In some cases a loan might be used to consolidate existing debts, giving you the opportunity to clear what you owe elsewhere and then pay back your loan in a series of affordable monthly repayments at a lower rate of interest than you were previously paying.

All lenders will have different criteria to decide whether to accept a borrower for a £40k loan. But generally, the higher your credit score, the better your chance of approval and at lower interest rates. Our guide to What is a good credit score? provides more information.


You'll usually be able to pay off your £40,000 loan early, but your lender might apply early repayment charges and these can be high – so think about this before you redeem your loan. Check the terms and conditions when you sign up for a loan and take note of any ERCs - particularly if you think there is a chance you may want to clear the debt early.   



Once approved, you should receive your money within a matter of days. Each lender has different terms for how quickly they release the funds.



If you can’t make the repayments on your loan contact your lender as soon as possible. It should help you work out a reasonable solution, such as a short-term payment holiday, if appropriate, (although you’ll still accrue interest during that time), or restructuring your loan to make it more affordable.

If you miss a repayment you’re likely to be hit with late fees and extra interest – and it could damage your credit score. Try to avoid this if at all possible by talking to your lender as soon as you realise you could have problems. This is particularly important if you have a secured loan, because you could be in danger of losing your home if you have repayment problems and you don’t raise the issue quickly with your lender.


You work hard to earn your money, and we don’t think you should waste a penny of it paying over the odds on your household bills. That’s why at MoneySuperMarket, we’re on a mission to save Britain money.

  • Whip your credit score into shape with Credit Monitor
  • Super save over and over again with Energy Monitor
  • There are always more ways to save with MoneySuperMarket 

So how do we make our money? In a nutshell, when you use us to buy something, we get a reward from the company you’re buying from.

You might be wondering if we work with all the companies in the market, or if our commercial relationships with our partners might make us feature one company above another. We’ve got nothing to hide, and we want to give you clear answers when it comes to questions like these, so we’ve pulled together everything you need to know on this page.