FREE £20,000 LOAN QUOTES

Secured Loans - £10,000 to £1 Million.
CCJ's, Defaults and Mortgage Arrears.
Simple and Secure.

GET A QUOTE NOW - IT'S FREE

Please tick the box confirming that you want to be contacted by The Money Hub by email or telephone and agree with our Initial Disclosure Document, Terms & Conditions and Privacy Policy.
100% Secure

COMPARE LOANS

Applying for a loan may seem challenging. You need some extra cash but the choices can be overwhelming and hard to understand with jargon like APR, secured, unsecured and so on. Its hard to know where to begin. We can help...

We can advise and help you choose the right loan for you, from personal loans to homeowner loans. We can even help you secure funds if you have a bad credit history. We will help you to understand the conditions of your loan and give you a full detailed breakdown along with lender details. Naturally, the most important thing is to make sure you will be able to afford the repayments.

£20,000 Loans

SECURED LOAN LENDERS

(not all lenders displayed - not specific to your personal circumstances)

Customer Reviews

THE ACTUAL RATE AVAILIABLE WILL DEPEND UPON YOUR CIRCUMSTANCES. PLEASE ASK FOR A PERSONALISED ILLUSTRATION.

LOANS MAY BE SECURED ON YOUR HOME. YOU WILL HAVE TO PAY EARLY REDEMPTION CHARGES THIS WILL VARY. A VARIABLE RATE LOAN MAY GO UP OR DOWN IN LINE WITH THE BANK OF ENGLAND BASE RATE. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY. A BROKER FEE OF UP TO 15% OF THE AMOUNT BORROWED WILL BE CHARGED ON SECURED LOANS.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

WARNING: LATE REPAYMENT CAN CAUSE YOU SERIOUS MONEY PROBLEMS. FOR HELP, GO TO MONEY ADVICE SERVICE.

FREQUENTLY ASKED QUESTIONS

How we work?
By making an enquiry we will contact you to discuss your needs and outline if we can be of assistance. We will then request a copy of your credit file and this will be passed to a qualified adviser to review and give you advice and discuss possible quotations. If you wish us to proceed and get a ‘Decision in Principle’ we can do so. Once we have a decision from the lender we will discuss and email you a formal quotation and outline the process from there.
What is a homeowner loan?
This is a loan secured on your property as you are a homeowner. As the loan is secured upon the property lenders are more willing to provide cheaper rates when compared to unsecured loans and additionally can lend you more money over a longer term.
Can you get a secured loan with a bad credit history?
Yes. If you have had bad credit in the form of mortgage arrears, defaults, county court judgements, IVA and payday loans we have lenders that can help providing you have enough equity and can clearly afford any new borrowing.
How much can I borrow?
Secured loan lenders provide loans from £10,000 to £750,000. This depends upon your credit profile, equity in the property and affordability.
Why take out a secured loan rather than a remortgage?
We will always explore both options to ensure you get the right advice. Here are some reasons why a secured loan is more suitable, when compared to a remortgage:
  • Your main mortgage is at a low rate and any remortgage will be at a higher rate.
  • Your main mortgage has a large early repayment charge if you were to redeem this.
  • Your main mortgage has a long term left, whereas you want to borrow £XX over a shorter term to pay off quicker.
  • Your credit profile may mean a remortgage is not possible.
I have been declined in the past – can you help?
The key to this question is why you were declined. We provide an advised service, so if we cannot help you now we will explain why and provide advice as to what you need to do to be able to get a loan in the future.
How quickly can I get a secured loan?
Typical completion time from application is between 4 – 6 weeks.
What loan purposes do you accept?
Most legal purposes are allowed.

£20,000 Secured Loans

A £20,000 loan tends to be the upper level that an individual can borrow as an unsecured loan. Tis means that the applicant can take the loan without it being secured on his or her property. The loan can be used for any purpose, for example home improvements, a holiday, help with wedding costs or consolidating some increasing debt, credit cards that may becoming difficult to manage for example.

There are countless lenders offering £20,000 loans, many of them unsecured. Rates vary significantly and are dependent in most cases in the applicants credit score, which gives the lender the opportunity to asses their risk exposure with the £20,000 loan and the ability of the applicant to pay back the loan in full over the agreed period. Typically, a competitive interest rate £20,000 loan taken over 5 years would have a monthly repayment of around £420 per month, which could compare very favourably with outstanding credit card repayments for the same amount of debt. This example is indicative of a repayment for someone with a good credit rating and does not represent an offer.

Alternatives to taking a £20,000 unsecured loan include adding the £20,000 to an existing mortgage which could be spread over a longer period, thus reducing the monthly payment. There is also the option of a secured loan, whereby the £20,000 loan is secured against the applicants property. The applicant needs to be a homeowner and have sufficient equity in his or her property to cover the amount of the loan with some excess equity to cover possible eventualities such as the property reducing in value over the period of the secured £20,000 loan.

Applying for a £20,000 loan should be relatively straight forward although it is well worth considering which options best suit your current circumstances as well as also looking at your potential future situation in a year or two. Things may change in your financial life and you may need to select a flexible product that allows you to make changes as your circumstances do change, rather than being tied into something that no longer suits.

Or expert team can advise on you current situation and make suggestions as to the best £20,000 loan option for you. Friendly impartial advice that can save you time and money in the future, it is well worth the minimal time invested to ensure that you get the most suitable and competitive loan that you require.

PLEASE WAIT

Loading

We are currently processing your details

Thank you for your patience