100% Recommend

David Beard

Expertly compared by David Beard

Products Updated November 23, 2021

The actual rate you're offered will depend on your personal circumstances – including your credit rating.

16 providers expertly compared:

Natwest Bank

Loan Amount
£7,500 - £19,950

Annual Percentage Rate (APR)
3.9%

Loan Term
1 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.8/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

3.9%

Total repaid will be:

£50,805

With the Natwest if you're thinking about buying a new car, getting your your finances in order or making some new home improvements then a loan from the Natwest could be just what you need.

Representative Example

16 providers expertly compared:

Royal Bank of Scotland

Loan Amount
£1,000 - £50,000

Annual Percentage Rate (APR)
3.9%

Loan Term
1 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.5/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

3.9%

Total repaid will be:

£50,805

To apply, you must be 18+ and a UK resident with a Royal Bank of Scotland current account (held for 3+ months). Borrowing money is a big decision. But with a personal loan from the RBS, it doesn't have to be a headache.

Representative Example

16 providers expertly compared:

Paragon Bank

Loan Amount
£10,000 - £250,000

Annual Percentage Rate (APR)
3.7%

Loan Term
1 - 30 years

Loan Type
Secured & Unsecured Loans

Status
Homeowners & Tenants

Rated 4.7/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

3.7%

Total repaid will be:

£50,805

Paragons finance packages contain flexible terms to make sure you get a deal that's right for you. From personal loans to second charge mortgages Paragon has a range of funding solutions

16 providers expertly compared:

Hastings Direct

Loan Amount
£1,000 - £25,000

Annual Percentage Rate (APR)
3.8%

Loan Term
0 - 5 years

Loan Type
Unsecured Personal Loan

Status

Rated 4.5/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

3.8%

Total repaid will be:

£50,805

If you're looking to replace your car, planning on some new home improvements, or you simply wish to get your finances in order, a personal loan from Hastings Direct could be the funding solution you're looking for.

Representative Example

16 providers expertly compared:

Prestige Finance

Loan Amount
£10,000 - £250,000

Annual Percentage Rate (APR)
3.8%

Loan Term
1 - 30 years

Loan Type
Secured Loans

Status
Homeowners & Tenants

Rated 4.4/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

3.8%

Total repaid will be:

£50,805

Prestige Finance is part of OneSavings Bank who are a specialist lender, primarily focused on carefully selected sub-sectors of the mortgage and loan market through an integrated multi-brand approach.

16 providers expertly compared:

Post Office

Loan Amount
£1,000 - £25,000

Annual Percentage Rate (APR)
3.1%

Loan Term
1 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.5/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

3.1%

Total repaid will be:

£50,805

Loans from the Post Office are provided by Bank of Ireland UK. Post Office Limited is a credit broker and not a lender. Terms from 1 year to 7 years, depending on the amount borrowed and funds could be transferred the following day with an instant lending decision in most cases.

Representative Example

16 providers expertly compared:

AA Loans

Loan Amount
£1,000 - £25,000

Annual Percentage Rate (APR)
3.1%

Loan Term
1 - 7 years

Loan Type
Personal Loan

Status
Homeowners & Tenants

Rated 4.7/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

3.1%

Total repaid will be:

£50,805

The AA don’t just keep cars on the road, they can keep your finances running just as smoothly aswell. Whether it’s a new purchase, a holiday or getting some help to manage your existing debt the AA is here to help.

Representative Example

16 providers expertly compared:

Leap

Loan Amount
£100 - £15,000

Annual Percentage Rate (APR)
4%

Loan Term
1 - 6 years

Loan Type
Peer-to-Peer Loan

Status
Homeowners & Tenants

Rated 4.8/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

4%

Total repaid will be:

£50,805

Leap's aim is to help streamline your debts with a low-interest peer-to-peer loan, so you’ll have more money to do more of what you love doing.

16 providers expertly compared:

Lending Works

Loan Amount
£1,000 - £25,000

Annual Percentage Rate (APR)
7.9%

Loan Term
1 - 5 years

Loan Type
Peer-to-Peer Loans

Status
Homeowners & Tenants

Rated 4.5/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

7.9%

Total repaid will be:

£50,805

Lending Works is a peer to peer lender that connects people that want to invest their money with borrowers who want to get a better rate on their personal loan. Loans available from £1,000 to £25,000 over 1 -5 years.

16 providers expertly compared:

Zopa

Why?

This provider is our Expert’s Choice in its category as it won tops marks for the following.

  • TRUST
  • VALUE
  • EXPERTISE & KNOWLEDGE
  • CUSTOMER SERVICE

Learn more about how we review and assess the providers here on Lending Expert.

Loan Amount
£1,000 - £25,000

Annual Percentage Rate (APR)
9.9%

Loan Term
1 - 7 years

Loan Type
Peer to Peer Lender

Status
Homeowners & Tenants

Rated 5.0/ 5

Good Credit

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

9.9%

Total repaid will be:

£50,805

Zopa directly match people looking for a personal loan with people looking to invest. It's their way of making money simple and fair. Since 2005 Zopa have approved a staggering £2.92 billion in loans.

Representative Example

16 providers expertly compared:

My Community Finance

Loan Amount
£1,500 - £25,000

Annual Percentage Rate (APR)
23.9%

Loan Term
1 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.5/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

23.9%

Total repaid will be:

£50,805

My Community Finance have taken inspiration from the past to build a better financial future - where community matters. They’re a network of Credit Unions and ethical lenders. My Community Finance looks to give everyone access to fairly priced financial products.

Representative Example

16 providers expertly compared:

Lendable

Loan Amount
£1,000 - £25,000

Annual Percentage Rate (APR)
27.9%

Loan Term
1 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.3/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

27.9%

Total repaid will be:

£50,805

Lenable offer fast loans at fair rates. See your rate before you apply - it won’t affect your credit score. Lendable offer a paperless application with instant quotes. You can manage your loan online, top up, repay early without a settlement fee.

Representative Example

16 providers expertly compared:

Oplo

Loan Amount
£2,000 - £15,000

Annual Percentage Rate (APR)
18.2%

Loan Term
2 - 6 years

Loan Type
Poor Credit Lender

Status
Homeowners & Tenants

Rated 4.4/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

18.2%

Total repaid will be:

£50,805

Oplo Personal Loans offer unsecured personal loans from £2,000 to £15,000. Whether you’re looking to buy a new car, a new kitchen or thinking of any type of major purchase they can help secure the funding you need.

Representative Example

16 providers expertly compared:

Koyo

Why?

This provider is our Expert’s Choice in its category as it won tops marks for the following.

  • TRUST
  • VALUE
  • EXPERTISE & KNOWLEDGE
  • CUSTOMER SERVICE

Learn more about how we review and assess the providers here on Lending Expert.

Loan Amount
£1,000 - £7,500

Annual Percentage Rate (APR)
27%

Loan Term
1 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.4/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

27%

Total repaid will be:

£50,805

Koyo offers one-day loan approval and they normally give a decision after 1 full working day. Once approved, Koyo says the money could be in your account within 1 working day.

Representative Example

16 providers expertly compared:

Everyday Loans

Loan Amount
£1,000 - £15,000

Annual Percentage Rate (APR)
93.6%

Loan Term
2 - 5 years

Loan Type
Unsecured Personal Loan

Status
Homeowners & Tenants

Rated 4.3/ 5

Poor Credit

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

93.6%

Total repaid will be:

£50,805

With everyday loans, you're more than just your credit score. Here at everyday we look at your credit future, not just your credit history. As such even if you have bad credit now or you've had a poor credit score in the past, we may be able to help.

Representative Example

16 providers expertly compared:

Buddy Loans

Loan Amount
£999 - £10,000

Annual Percentage Rate (APR)
49.9%

Loan Term
1 - 5 years

Loan Type
Guarantor Loan

Status

Rated 4.2/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

49.9%

Total repaid will be:

£50,805

At Buddy Loans their goal is to pay out your money on the same day of the application and they will still consider your application if you can afford it, even if you have CCJs or DEFAULTS. Buddy Loans can be used for any purpose such as debt consolidation, car purchase or home improvements.

Representative Example

Read our customer and visitor reviews for this product:

Rating: 4.5 / 5 with 2 votes

Good comparison

by Mandy Thomson

Good comparison service and lenders to choose from. Easy application form.

Plently of loans to choose from

by SL

These facility by Feasible.co.uk provided many solutions and gave me choice of several lenders as part of the search. Vey fast and no issues using them. Quick to phone me back also.

Apply for Loans of £15,000 and £20,000 with Lending Expert Online!

If you want to borrow £15K or £20K, Lending Expert offers a number of reputable lenders who can help you get access to the finance your need.

We proudly work with over 100 direct lenders in the UK and with personal, unsecured, secured and guarantor options available, you can find the right product for you.

All loans are typically repaid in equal monthly instalments, over 3 to 30 years, with the option to repay early.

Simply use the price comparison table above to find the best lender and terms for you – and click on ‘Check My Eligibility’ to get started.

Our entire service is completely online. There are no fees for applying and checking your eligibility will not impact your credit score.

 

What Can a £15,000 Loan or £20,000 Loan Be Used For?

Some of the most popular reasons for applying for a loan include:

  • Debt consolidation
  • Making home improvements
  • Purchasing a car or vehicle
  • Business or self-employment funding
  • Tax bills or emergencies
  • Paying for weddings
  • Paying for funerals
  • School fees
  • Holidays

 

Key Features

  • Borrow £15,000 to £20,000
  • Repaid long term over 3 to 30 years
  • Rates from 3.6% APR
  • Equal monthly repayments
  • Working with direct lenders
  • Repaid on your pay date
  • Secured, unsecured and guarantor
  • Bad credit considered

 

What is the Eligibility Criteria for £15,000 to £20,000 Loans?

  • Must be over 18 years of age
  • UK residents only
  • Able to afford repayments
  • Valid UK bank account
  • No recent CCJs, IVAs or bankruptcy

 

What Are The Types of £15,000 Loans Available?

 

Unsecured – This is where your loan is not secured by anything physical such as an asset or collateral – and instead your eligibility is based on factors such as your income and credit score. Unsecured loans are typically better for borrowing smaller amounts, which is why £15,000 or £20,000 is perfect, but you should ideally have a good credit score to access the lowest rates starting from 3.6% APR.

 

Secured – With a secured loan, you are using something valuable that you own as security, such as your car, bike or van or your property, such as your home. If your item is valuable, this can help you borrow large amounts and pay very low rates of interest (also from 3.34% APRC) – but beware that your property or vehicle could be at risk of repossession if you do not keep up with repayments on time. See also logbook loans.

 

Guarantor – With a guarantor loan, you are getting the help of someone you know to act as your ‘guarantor’ and they agree to cover repayments on your behalf if you cannot. This extra security gives you the ability to borrow £15,000 or £20,000, especially if you have bad credit or no credit history.

 

Personal – This is very similar to an unsecured loan and is just another name for it, although it is used for personal use, whether it is paying your bills or buying a new car.

 

 

 

 

Can I Get a Loan for £15,000 or £20,000 with Bad Credit?

Yes, you can apply for £15K or £20K with a bad credit history – since our lenders are willing to take a view on adverse credit histories and will consider your application on an individual basis.

Although you may have a poor credit score, our lenders will consider your loan application if there are other strong factors present such as a stable income, regular employment and a recent history of repaying other loans on time.

Lending Expert also has options that are designed for people with bad credit, including using security (secured loans) or a guarantor to help add extra strength to your application.

If you can demonstrate your willingness to repay your loan and have a stable income to do so, you can still be eligible for a loan with bad credit or even a CCJ. To get started you can simply check your eligibility and apply online at Lending Expert.

 

What is The Cheapest Way to Borrow £20,000?

If you are looking for cheap £20,000 loans with low rates, you are typically going to need to have a good or fair credit score and a stable income to access the lowest rates from 3.6% APR.

The cheapest rates are reserved for people who can demonstrate that they are going to repay their loan on time and they present a low risk to the lender. If you have bad credit or have missed payments for other loans in the past, this may result in being charged a higher rate.

If you prefer to use a secured loan, you will need to have a valuable asset such as a vehicle or property that you own and you can leverage its value to borrow the money you need. The more valuable your item, the lower the rates you are offered – however your property could be at risk of repossession if you do not keep up with repayments.

 

What is the Best Way to Borrow £20,000 Online?

If you are looking to borrow £20,000, start by using a comparison site like Lending Expert, since this will give you full overview of all the different loan products available on the market – whether it is a personal loan, secured loan or even a logbook loan.

Rather than going to each lender one-by-one, using a comparison site gives you the opportunity to compare terms such as rates charged and loan duration – helping to find the right one for you.

Once you have found the lender of your choice, you can apply directly through our website when you click on ‘Check Eligibility.’ You will be required to enter your basic details including how much you wish to borrow, how long for, your name, age, income and employment details.

You should be given an instant decision or provisional quote on the screen and if you are fully approved, you can receive funds on the same day or within a few working days.

 

How is Lending Expert Different?

Lending Expert is a completely free and impartial price comparison website. We work with over 100 UK lenders who we have reviewed and vetted personally to ensure that they uphold the highest standards of responsible lending.

When applying through Lending Expert, you can be rest assured that you will not be charged any upfront fees and your data will not be sent to any companies without your permission.

We offer a clear and transparent way to compare £15,000 loans – and we work with lenders who are actively looking to fund and will take all credit histories and backgrounds into consideration.

 

How to Apply for £15,000 and £20,000 Loans with Lending Expert

The entire loan application process is 100% online and you can apply 24 hours a day, 7 days a week using your phone, desktop or tablet.

Simply use our free comparison table to compare lenders and find the right loan for you and click on ‘Check My Eligibility’ to be taken directly to their website. After submitting a few basic details, you will be given an indicative quote and the lender will get in touch to confirm some final details.

Unsecured and personal loans are usually processed very quickly, but secured loans may require proof of ownership for your vehicle or property and may take just a little longer. However, our lenders are always look to fund your loan as quickly as possible and you should be able to receive the money transferred to your bank account within a matter of days.

Applying with Lending Expert will not impact your credit score and you will not be charged any fees. Our site is free to use and always will be – and please feel free to contact us directly if you have any questions.

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