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£20,000 Loans

Compare great deals on £20k loans

  • See loans you’re pre-approved for before you apply

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Compare loans from over 40 lenders, right across the market

We do the heavy lifting, so you don't have to. We work with leading providers to help you borrow the money you need.

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Why compare £20,000 loans with MoneySuperMarket

Searching for the right loan for you is easy with us – and it won’t affect your credit score. 

  • It's quick and simple

    Give us a bit of information about you and the loan you want. 

  • We'll search the market

    We find the best loans to suit you so you can compare best rates. 

  • Click through to apply

    Found the loan for you? You can start your application immediately. 

We're 100% independent, working only for our customers

Unlike some of our competitors, MoneySuperMarket is not owned by an insurance company. So we can offer the best value, with savings delivered straight to you.

By combining independence with our excellent technology, we can negotiate the best prices and the best value on products and services.
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of our customers would buy again
based on 2,600 reviews

Pros: Was easy to use !! And to navigate and I would recommend this to anyone easy to compare and use for a variety of different comparisons Cons: I loved every part of it !!
Pros: Quick and Easy
Pros: Easy to use. Quick. Best comparison site! Cons: Nothing

How do £20,000 loans work?

If you want to fund a home renovation project or buy a new car, taking out a loan for £20k can be a good option as it spreads the cost.  

Finding a £20,000 loan online with MoneySuperMarket is easy. We compare deals from leading UK lenders and we can quickly show you your chances of being accepted, all without affecting your credit score in any way. 

You can compare personal unsecured loans, or if you want to compare secured loans – just tick the box to say you’re a homeowner. 



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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.

  • Apply with confidence

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

  • 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 

  • You’re in safe hands

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

How much will a £20,000 loan cost?

How much your £20,000 loan will cost you will depend on the interest rate you can get. Rates are set by the lender – but will depend on your individual credit score. 

Borrowers with the highest credit scores are typically offered the lowest loan rates. This is why it makes sense to get your credit score into the best possible shape before you apply for a loan. 

Our loan calculator can help you work out what a £20,000 loan will cost you at different loan rates so you can budget. 

Loan calculator 



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Can I get a £20,000 loan with bad credit?

If you’ve had debt problems in the past and you have a low credit score, it’s likely to be more difficult to get a £20,000 loan.

But you may be able to:

  • Borrow a smaller loan amount

  • Use specialist lenders who can offer bad credit loan deals

Expect to be offered higher interest rates if you have got a less than perfect credit history.

Aim to build your credit score by getting a free copy of your credit report and reading our hints and tips on how to improve your rating.

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How to apply for a £20000 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.

  • It doesn’t take long

    Tell us a little about yourself, your finances and the loan you want

  • We’ll browse the market

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

  • Compare loans

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

When you search for a loan with MoneySuperMarket we’ll use a soft search to find the best deals for you. This will give you an idea of the loans you could be eligible for – and your chances of getting each deal. Searching in this way won’t harm your credit score but it can give you a good idea of your eligibility.  

Whether or not you’re eligible for a £20,000 loan will depend on a range of factors including your credit history and score, your income and your outgoings. You’re likely to have a better chance of getting a loan if you have a high credit score. 



APR stands for annual percentage rate, and it basically means the interest rate at which you’ll pay back the £10,000. It includes the main interest rate of the loan, but also takes any other fees and charges into account so you get a better picture of the loan’s total cost.

When you see a representative APR advertised on a loan, it means this rate must be offered to at least 51% of applicants – you won’t be guaranteed to get this rate yourself, as this will be based on your personal circumstances.

A soft search is how we find out where you stand in terms of getting a loan without affecting your credit report, so you can 
find a loan you’ll be eligible for without damaging your chances of being successful when you apply.

For an unsecured personal loan of £20,000 you’re likely to need a strong credit score to be eligible. Other loan options could be available if your credit score is lower, such as secured loans, but you may not be able to borrow as much as £20,000. 

If you think you may want to pay off your £20,000 loan early find out what early repayment penalties apply on the loan before you take it out. Most loans apply an early repayment charge, but they can vary – and some loans may not impose a charge. 

When you take out a secured loan you must put up a valuable asset, usually your home, as security against the debt. This means if you struggle to repay your home is at risk as the lender can force a sale of the property to recoup its losses. In contrast, with an unsecured loan you don’t need to put up any collateral or asset as security on your borrowing. Find out more about the differences between the two loan types in our guide to secured and unsecured loans.

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.