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£20,000 Loans

Secured Loans > Our Loans > £20,000 loans

A secured £20,000 loan could help you in a variety of circumstances. You could use it to consolidate your debts or to undergo renovations that increase the value of your home. A secured loan from Evolution Money could help you to get the funds that you need to achieve your long-term financial goals.

We may consider you for a £20,000 loan even if you have a poor credit score linked to CCJs, defaults or late payments, or even if you’re currently on a Debt Management Plan. Our qualified mortgage advisors will speak to you and discuss your current personal circumstances to help to find a solution.

After a few easy steps, you can get a free, no-obligation quote for your £20,000 loan.  Simply complete our simple online form or contact us directly. To do this, you can email info@evolutionmoney.co.uk or call 0161 814 9158.

For added reassurance, you can find out more about what others have said about the loans we offer by checking out our reviews.



How much do you want to borrow? £5,000 to £100,000
For how long? 3 to 20 years.
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What is your loan for? Your answer won't affect our decision but is helpful to know.
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Apply for a secured £20,000 loan

Since 2011 we have helped thousands of customers to find a suitable loan, whether that’s a 20k loan or a 100k loan. The length of your application will depend on your circumstances and in most cases we won’t need to visit your home as we focus on online valuation, however we do sometimes do drive-by valuations.
There also might be no need to contact your mortgage company, and on top of that there are absolutely no hidden fees or charges. Speak to our qualified mortgage advisor for a no-obligation quote today.

What is a secured loan?

Also known as homeowner loans or second-charge mortgages, secured loans allow you to borrow money and use your home as ‘collateral’ or ‘security’. As a result, only homeowners are eligible for a secured 20k loan with us. However this also means that if you are unable to make payments in line with the conditions of your loan, the lender could repossess your property.

We will agree the repayment terms with you prior to taking out a secured loan which will include the monthly repayments, interest rates and term.

If you're looking to obtain credit, our secured loans can be used for a range of purposes

Carry out home improvements; a great way to invest back into your property
Bigger personal items such as cars can be financed using a secured loan
Even if you have bad credit we could still help you with a loan

Why choose Evolution Money for a secured £20,000 loan?

At Evolution Money, we work on a case-by-case basis so that we can match you with the right loan for your financial circumstances. Our approach means we’ve been able to help thousands of people by pairing them with a loan that works for them.

Here are a few reasons why you can have confidence in us when applying for a £20k loan with Evolution Money:


Apply for a secured £20,000 loan today

To get the ball rolling, don’t hesitate to call us on 0161 814 9158. This way, you can get a no-obligation quote from one of our qualified mortgage advisors over the phone to see what your repayments might look like on a £20,000 loan with Evolution Money.

Apply for my £20.000 loan

Questions you may have about our secured £20,000 loans

We’ve compiled a number of frequently asked questions about our secured £20,000 loans so that you feel well-informed before making your decision about whether it could be right for you.

We’ve compiled a number of frequently asked questions about our secured £20,000 loans so that you feel well-informed before making your decision about whether it could be right for you.

What can a £20,000 loan be used for?

A secured £20,000 loan through Evolution Money can be used for almost any purpose. Here are the most common reasons why people choose to apply:

  • Home improvements: A house is likely your greatest financial asset, so it makes sense to try to boost its value in any way possible. A £20,000 loan can make a world of difference for people looking to invest in home improvements, giving them the funds that they need to afford a new kitchen, extension, conservatory or simply overdue renovations and maintenance.
  • New car or motorbike: Whether it’s out of necessity or time for an upgrade, a £20,000 loan can go a long way towards buying the car or motorbike on which you have your heart set. Our advisors are here to help to weigh up your options and ensure that the terms of repayment are within your monthly budget.

How long is the repayment period on a secured £20,000 loan?

There is a range of repayment options when applying for a £20,000 loan through Evolution Money. The amount of interest that you will pay on the loan depends on which timeframe you choose. Shorter repayment periods generally offer a smaller total repayable amount.

Our shortest repayment period is 36 months, while our longest is 240 months, so we can look at a range of repayment terms to find the one that suits your personal and financial situation.

Am I eligible for a secured £20,000 loan?

To qualify for a secured £20,000 loan, you’ll need to meet the initial criteria, which involves:

  • Being a homeowner
  • Being aged between 21-70* years
  • Living in the UK
  • Being able to afford the repayments comfortably from your income

*Loan must be paid back by 70th birthday.

How do I apply for a secured £20,000 loan with Evolution Money?

Applying for a secured £20,000 loan with Evolution Money couldn’t be simpler. It’s a case of filling in our online form or getting in touch with our team of experts directly by emailing info@evolutionmoney.co.uk or calling 0161 814 9158.

You can find out more about how to apply for a £20k loan with us online. We recommend reading our application details so that you’re fully informed before making your decision.

How long will it take to get my £20,000 loan?

The application process can vary depending on your circumstances. The process typically takes 2 weeks.

Can I get a secured £20,000 loan if I have bad credit?

Most loan providers will base their decisions solely on your credit score, which can be very limiting for someone wanting to apply for a £20k loan. At Evolution Money, we understand that your credit score might not be representative of your current financial situation.

We take all of our applications on a case-by-case basis. All we ask is that you are as detailed as possible in your application so that we can match you with the best loan for your situation.

You may want to look at our poor- or bad-credit loan details if you feel that this applies to you.

How do I know whether I can afford a £20,000 loan?

At Evolution Money, we are aware of our responsibility as financial service providers. This means that we want to be sure that customers applying for one of our loans can afford their loan now and throughout the loan term.

That’s why we require a detailed Income and Expenditure Assessment to be discussed with every application that we receive. This looks at details such as the money coming in and out of your account each month.

The accuracy of the advice that you receive will depend on how honest you are in your loan application. We want to make sure that we advise you on the best loan for your circumstances.

What documents do I need to provide for a secured £20,000 loan?

As part of our affordability assessment, we will need the following information and documents from you:

  • Three pay slips if paid monthly, four payslips if paid weekly or fortnightly.
  • Bank statements.
  • If self-employed, we’ll need an SA302 form or Certified Accountants Certificate.

We will also need the following details which will be highlighted in your Income and Expenditure assessment. This will document all of the money coming in and out every month, plus payments being made, including:

  • Contractual payments like mortgages, loans and services.
  • Regular payments for food, clothes, travel, leisure and more.

What other loans do you have available?

We offer loans between £5,000 and £100,000, giving you plenty of choice to select a secured loan that suits your needs.

Will getting a quote for a £20,000 loan affect my credit score?

No, getting a quote will not impact your credit score.

Representative 28.96% APRC (Variable) - For a typical loan of £20,950 over 85 months with a variable interest rate of 23.00% per annum, your monthly repayments would be £537.44. Including a Product Fee of £2,095.00 (10% of the loan amount) and a Lending Fee of £714.00, the total amount repayable is £45,682.15. Annual Interest Rates ranging from 11.7% to 46.5% (variable). Maximum 50.00% APRC. The loan must be paid back by your 70th birthday. Read more.

Think carefully before securing debts against your home your home may be repossessed if you do not keep up repayments on your mortgage or any other loan secured against it. 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.
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