Home > Loans > £20,000 Loans


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


I confirm that I have read and consent to my personal information being processed in accordance with The Money Hub's Privacy Policy. I also confirm that I have read The Money Hub’s E-Marketing to Customers and consent for The Money Hub to market to me by email. On receipt of this enquiry we will contact you to discuss your requirements.
100% Secure


We Gather Information Required to Search the Market

We gather some basic information about you using our quick online form

Conduct a Whole of the Market Comparision

We will search 100’s of providers to find you the lenders who are willing to approve your mortgage

Provide full service through to completion

We will show you rates along with the monthly repayments. This will not affect your credit score. We’ll also explain any fees if you progress at this point and as long as you are happy to proceed, provide you with the full service through to completion of your mortgage being accepted

Customer Reviews


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 for a qualified adviser to review. After a full review of your credit profile the adviser will discuss this with you, provide 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 our process going forward.
What sort of bad credit do you accept?
We have lenders that will accept clients who have had County Court Judgements (CCJ’s), Defaults, Missed payments, Debt Management Plans (DMP), Individual Voluntary Arrangements (IVA) and discharged bankruptcy. The general rule is that any bad credit needs to be registered over a year ago.
Do I need a deposit / equity?
Yes. You will need a minimum of a 10% deposit however, this is does depend on the level of bad credit that you have, so for example, if you have had CCJ’s/mortgage arrears in the last 2 years you may need to have 15%+ deposit. If you are buying a property through a shared ownership scheme we have lenders that do not require you to have a deposit. If you are buying a property through the Help to Buy scheme we have lenders that can help you providing you have a 5% deposit to put down.
How long does a bad credit mortgage take to arrange?
Once a Decision in Principle (DIP) has been done the typical arrangement times from mortgage application to offer is 1 month. Specialist bad credit mortgages do take more time when compared to standard high street mortgages, due to the extra due diligence that is required on these cases.
I have a low credit score – does that matter?
No. We have lenders some of whom are high street Building Societies that will lend to you if you simply have a low credit score, due to not being on the voters roll or not having much active credit. If you have a low credit score as a result of bad credit (CCJ’s/defaults/missed payments etc) we certainly have specialist lenders that can help.
I have been declined by other brokers – 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 mortgage in the future.

£20,000 Secured Loans

A £20,000 loan tends to be the upper level that an individual can borrow as an unsecured loan. This 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.

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 sFecured 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.



We are currently processing your details

Thank you for your patience