£20,000 Personal Loans

If you’re looking for a £20,000 loan, then it may be that you have a mortgage to pay off or are thinking of extending your home. You may wish to apply for loans up to £20,000.

From paying off unexpected bills, to buying a new car or even financing some necessary home improvements, here at Simple Personal Loans, we understand that life sometimes gets in the way. If you require a £20,000 loan, bad credit isn’t necessarily a barrier, and we may be able to help you.

£20000 loans for Bad Credit

A £20,000 loan may pay dividends if you’re looking to learn some new skills and climb the career ladder or want to make improvements to your home, though we offer lower amounts too. You may have been turned down by other lenders due to a poor credit history, but that isn’t necessarily the obstacle you might think it is. We look beyond the numbers on the page when we’re dealing with potential applicants, and do our best to review your circumstances to get the best idea of who you are.

Why take out a £20000 loan?

Whichever way you look at it, a £15,000 loan is a life-changing amount of money. Whether you’re raising the funds for a dream holiday, or have your heart set on a new set of wheels, a loan from Progressive Money may be just what you need to get the ball rolling.

Our maximum loan amount is £35,000, which can truly be a life-changing amount of money that you’ll no doubt have spent a lot of time planning for. That’s why we believe that bad credit shouldn’t automatically spell the end of your plans. We want to help you make the most of your big opportunity, so give us a call and we’ll talk you through the process.

How do I apply for a £20000 Loan?

If you’re approved for a loan, the funds will be transferred directly into your bank account (or to creditors if you’re consolidating debts). Repayments on the £20,000 loan then begin over the course of the previously agreed-upon duration and amount.

Provided you keep up with the repayments, it might even have a favourable effect on your credit score, because you’re showing lenders that you are managing your debts responsibly.

How much can I borrow?

If you’re thinking of a different amount to borrow, we offer loans from £1,000 to £35,000. You can borrow money over a duration of 12 months to 6 years, at a monthly rate you can afford.