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.
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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.
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.
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:
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.
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:
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:
*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:
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:
What other loans do you have available?
Will getting a quote for a £20,000 loan affect my credit score?
No, getting a quote will not impact your credit score.