£20,000 loans from 8.2% APR

Get a £20,000 loan from Zable, with rates starting from 8.2% APR and repayment terms of 1 to 5 years. See your personal rate in minutes with a soft search that won't affect your credit score.

Get a quote without impacting your credit score
Borrow £1,000 - £25,000
Most approved customers get their loan in less than an hour

24.6% representative APR

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Representative example:

£7,500 loan repayable over 36 months. Monthly payments of £287.19. Rate of interest 19.6% p.a.(fixed). Representative 24.6% APR. Total amount repayable of £10,338.84 (includes loan fee of £445.00). From 8.2% to 48.9% APR. £1,000-25,000 over 1-5 years available.

Why choose Zable for your loan

Apply in a few minutes

The Zable application takes only minutes to complete. You'll get a decision and a specific offer without endless forms or follow-ups.

Get your loan faster

Most customers receive the funds in their bank account within an hour of approval. No waiting around for days to put your plans into action.

Borrow up to £25,000

You can get a £20,000 loan with Zable, but our range of loans extends from £1,000 up to £25,000 to suit your personal requirements.

How to get a £20,000 loan with Zable in 3 steps

Applying for a loan with Zable is easy:

Quick eligibility check
See your personalised rate in minutes without affecting your credit score.
Choose your loan
Select a loan amount from £1,000 to £25,000 and repayment term from 1 to 5 years that fits your needs.
Receive your funds
When you’re finished with your application, money is then sent directly to your bank account, usually within the hour.

Apply online

Illustration showing the three easy steps to a loan

How much does a £20,000 loan cost?

Borrowing £20,000 over 5 years at a fixed interest rate of 11.6% comes to £450.49 a month, totalling £27,029.40 over the life of the loan. This includes a £450 loan fee and an APR of 13.3%.

This is a simplified example and the rate that you’ll receive will be based on your personal circumstances and subject to eligibility. For a closer picture of what most customers pay, check the representative example at the top of the page, it reflects what at least 51% of approved Zable applicants receive.

A few things affect what you pay for a loan:

The interest rate: The higher it is the more interest you'll pay over the term. Your rate depends on your credit profile and how affordable the loan is for you.

The repayment term: A longer term means smaller monthly payments but more interest paid in total. A shorter term will change that.

A loan fee: The Zable loan fee (£450) is built into the APR you see, so you can see what the full monthly repayment will be.

Financial expert, Adam McAllister — Adam McAllister
Head of Growth at Zable, 5 years working in Financial Services

What can I use a £20,000 loan for?

£20,000 can be used for larger costs as an alternative to credit cards or saving up. Common reasons people might want to borrow this amount include:

Major home renovations such as an extension, loft conversion, or a full overhaul of a kitchen and bathroom
A car purchase, whether that’s a new or used model bought outright
Consolidating several debts from credit cards, store cards, or smaller loans into a single monthly repayment

Check your eligibility before you commit to get an idea of how affordable the repayment will be for you.

Getting a £20,000 loan with bad credit

Approval for £20,000 with adverse credit is not guaranteed. The monthly repayment is larger, so lenders look closely at whether you can realistically afford it alongside your existing commitments.

That said, Zable considers more than your credit score alone. Linking your bank securely through Open Banking when you apply gives us a more comprehensive view of your finances, which can improve your chances. The rate offered will reflect the full picture, so applicants with weaker credit usually see APRs above the headline rate.

If you'd rather know where you stand before applying, a soft search returns a result in minutes without touching your credit file.

Our loans for bad credit page has more information if you want to know more about your chances of a successful application.

£20,000 Loan FAQs

What loan terms are available for £20,000 with Zable?

Anywhere from 1 to 5 years. Unsecured personal loans can go up to 7 or 10 years for loans of this size, which lowers the monthly payment but means you pay considerably more interest in total. There's more on this on our long-term loans page.

Can I get a £20,000 loan with bad credit?

Sometimes, yes but the rate offered will be affected. Affordability matters as much as your credit score. Use a soft search to check before applying so you don't add a hard search to your file.

How fast will I get the £20,000 loan?

Most Zable customers get the funds in their account within an hour of approval. The eligibility check itself takes only a few minutes.

Can I pay off my £20,000 loan early?

Yes and doing so reduces the total interest you'd otherwise pay across the term of the loan. Lenders, including Zable, charge up to 58 days' interest on early settlement. If you do plan to pay the loan off early, check your settlement figure before repaying to see exactly how much you’ll pay.

Does applying affect my credit score?

Checking your eligibility with a soft search doesn't. A full application uses a hard search, which is recorded on your file and may cause a small short-term dip. Soft-searching first lets you confirm your rate without an impact on your credit score.

Can I get a £20,000 loan without a credit check?

No reputable UK lender will lend £20,000 without checking your credit. The FCA's CONC rules require firms to assess whether the applicant can sustainably afford the loan before agreeing to it. A soft check (no impact on your score) happens at the eligibility stage; a hard check happens when you formally apply.

Are Zable loans secured or unsecured?

Zable's £20,000 loans are unsecured. There's no requirement to put up your home or any other asset against the loan.

Secured loans can be suitable for higher loan amounts where there’s greater risk for the lender, they're typically offered against equity in a property, and the rates can be lower as a result. The catch is that your home is on the line if you fall behind on repayments. Our guide to unsecured loans goes into the differences in more detail.