Compare £20,000 loans for good or bad credit | Online calculator | Finder UK

How to get a £20,000 loan with the best rate

Want to borrow £20,000? A £20k loan is close to the maximum amount that many banks are prepared to lend without securing the loan against property. Use our online calculator to find the best rates available to you.

The UK's largest range of secured loans

  • Loans from £1,000 to £2,500,000
  • See your quote before you apply
  • Quote won’t affect your credit score
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other loan secured on it.

£20,000 loan calculator

Data updated regularly
£
yrs
£
£
Name Product Maximum LTV Loan amounts Loan terms Overall cost for comparison Repayments
Optimum Credit Prime Rate Secured Loan
60%
£7,500 to £200,000
3 to 30 years
5.7% APRC
£320.1
(£26,888.35 overall)
United Trust Bank Ltd Secured Loan
70%
£10,000 to £125,000
3 to 30 years
11% APRC
£375.83
(£31,569.71 overall)
Clearly Loans Exclusive High LTV Secured Loan
95%
£5,000 to £100,000
4 to 20 years
16.5% APRC
£415.36
(£34,890.63 overall)
Masthaven Bank Flexible Secured Loan
70%
£10,000 to £150,000
3 to 35 years
5.2% APRC
£312.06
(£26,212.77 overall)
Evolution Adverse Secured Loan
95%
£5,000 to £25,000
1 to 15 years
23.9% APRC
£472.88
(£39,721.95 overall)
Norton Standard Secured Loan
75%
£3,000 to £55,000
1 to 25 years
15.2% APRC
£395.46
(£33,218.74 overall)
United Trust Bank Ltd Secured Loan
75%
£10,000 to £125,000
3 to 30 years
5.8% APRC
£323.39
(£27,164.84 overall)
Clearly Loans Exclusive Secured Loan
75%
£5,000 to £60,000
4 to 20 years
14% APRC
£385.82
(£32,408.54 overall)
Optimum Credit Prime Rate Secured Loan
90%
£7,500 to £200,000
3 to 30 years
8% APRC
£343.23
(£28,831.52 overall)
Equifinance Adverse Secured Loan
60%
£5,000 to £150,000
3 to 25 years
12% APRC
£387.11
(£32,517.42 overall)
United Trust Bank Ltd Secured Loan
65%
£10,000 to £125,000
3 to 30 years
7.4% APRC
£338.69
(£28,449.66 overall)
Shawbrook Variable Secured Loan
75%
£10,000 to £200,000
3 to 25 years
5.2% APRC
£311.01
(£26,125 overall)
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Compare up to 4 providers

Overall representative example
If you borrowed £35,000 over a 14-year term at 8.95% p.a. (variable), you would make 168 monthly payments of £418.88 and pay £70,371.84 overall, which includes interest of £30,326.84, a broker fee of £3,550.00 and a lender fee of £995.00. The overall cost for comparison is 11.8% APRC representative.

Compare £20,000 unsecured loans

Table: sorted by representative APR, promoted deals first

Use our online calculator below to compare the representative APRs that mainstream lenders offer on £20k loans. However, keep in mind that lenders may only be willing to offer unsecured loans over £20,000 to people with excellent credit history, and you may instead want to consider a secured loan.

Name Product Total Payable Monthly Repayment Representative APR Link
Santander Existing Customer Personal Loan
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.0% p.a. (fixed). Representative APR 3.0% and total payable £10,462.68 in monthly repayments of £290.63.
Admiral Personal Loan
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 9.9% p.a. (fixed). Representative APR 9.9% and total payable £11,527.92 in monthly repayments of £320.22.
Halifax Personal Loan
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.5% p.a. (fixed). Representative APR 3.5% and total payable £10,539.72 in monthly repayments of £292.77.
Lending Works Personal Loan
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 8.7% p.a. (fixed) with an application fee of £0.00. Representative APR 13.5% and total payable £12,083.04 in monthly repayments of £335.64.
Barclays Bank Existing Current Account Customer Barclayloan
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 5.5% p.a. (fixed). Representative APR 5.5% and total payable £10,848.60 in monthly repayments of £301.35.
AA Non-Member Loan
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.2% p.a. (fixed). Representative APR 3.2% and total payable £10,493.64 in monthly repayments of £291.49.
Hitachi Personal Finance Hitachi Personal Loan
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.2% p.a. (fixed). Representative APR 3.2% and total payable £10,493.64 in monthly repayments of £291.49.
Danske Bank Home Owners Personal Loan
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 4.5% p.a. (fixed). Representative APR 4.5% and total payable £10,694.16 in monthly repayments of £297.06.