$20,000 Loans

Written by:  Joe Chappius
|
Last updated: December 26, 2023

Getting a $20,000 loan is not a small task. Find out the reasons you may want to apply and start comparing your options through Financer.com.

  • Compare low interest rates for $20,000 dollar loans.
  • See the best lenders.
  • Completely free of charge.

How much would you like to borrow?

Compare $20,000 Loans for April 2024

Borrow $20,000 for a period of 4 Years.
Edit Search
Amount: $20,000 | Period: 4 Years
Search Options
We found 22 loans

Edit Search

More Filters Reset
Choose your state
recommended

Chosen 2,546 times

recommended

Chosen 2,546 times

Loan amount

$20,000

APR:

2.25% - 29.99%

Total Payment

$20,944.84

for 4 years

Monthly payback

$436.35

for 4 years

Open right now

Customer Type

All

Borrow up to

$60,000

Estimated Payback

26/03/2028

Weekend Payout

Age

18

1 Review

Interest & Costs

rating_bluerating_bluerating_bluerating_bluerating_blue

Flexibility & Terms

rating_bluerating_bluerating_bluerating_bluerating_blue

Website & Functionality

rating_bluerating_bluerating_bluerating_bluerating_blue

Support & Service

rating_bluerating_bluerating_bluerating_bluerating_blue
recommended

Chosen 5,757 times

recommended

Chosen 5,757 times

Loan amount

$20,000

APR:

5.99% - 35.99%

Total Payment

$22,545.63

for 4 years

Monthly payback

$469.70

for 4 years

Open right now
High approval rate

Customer Type

All

Borrow up to

$50,000

Estimated Payback

26/03/2028

Weekend Payout

Age

18

11 Reviews

Interest & Costs

rating_bluerating_bluerating_bluerating_bluerating_blue

Flexibility & Terms

rating_bluerating_bluerating_bluerating_bluerating_blue

Website & Functionality

rating_bluerating_bluerating_bluerating_bluerating_blue

Support & Service

rating_bluerating_bluerating_bluerating_bluerating_blue
recommended

Chosen 33,148 times

recommended

Chosen 33,148 times

Loan amount

$20,000

APR:

5.99% - 35.99%

Total Payment

$22,545.63

for 4 years

Monthly payback

$469.70

for 4 years

Open right now

Customer Type

All

Borrow up to

$35,000

Estimated Payback

26/03/2028

Weekend Payout

Age

18

17 Reviews

Interest & Costs

rating_bluerating_bluerating_bluerating_bluerating_blue

Flexibility & Terms

rating_bluerating_bluerating_bluerating_bluerating_blue

Website & Functionality

rating_bluerating_bluerating_bluerating_bluerating_blue

Support & Service

rating_bluerating_bluerating_bluerating_bluerating_blue

Chosen 188 times

Chosen 188 times

Loan amount

$20,000

APR:

9.99%

Total Payment

$21,095.35

for 1 year

Monthly payback

$1,757.95

for 1 year

Customer Type

All

Borrow up to

$500,000

Estimated Payback

26/03/2028

Weekend Payout

Age

-

0 Reviews

Interest & Costs

rating_bluerating_bluerating_bluerating_bluerating_blue

Flexibility & Terms

rating_bluerating_bluerating_bluerating_bluerating_blue

Website & Functionality

rating_bluerating_bluerating_bluerating_bluerating_blue

Support & Service

rating_bluerating_bluerating_bluerating_bluerating_blue
recommended

Chosen 1,180 times

recommended

Chosen 1,180 times

Loan amount

$20,000

APR:

5.75% - 22.94%

Total Payment

$21,825.58

for 3 years

Monthly payback

$606.27

for 3 years

Open right now
Lowest cost

Customer Type

All

Borrow up to

$50,000

Estimated Payback

26/03/2028

Weekend Payout

Age

18

10 Reviews

Interest & Costs

rating_bluerating_bluerating_bluerating_bluerating_blue

Flexibility & Terms

rating_bluerating_bluerating_bluerating_bluerating_blue

Website & Functionality

rating_bluerating_bluerating_bluerating_bluerating_blue

Support & Service

rating_bluerating_bluerating_bluerating_bluerating_blue

Important

Please note that loan amounts, interest rates and other loan terms may vary according to your state and credit profile.

Show all 22 offers
Our Commitment to Transparency
At Financer.com, we're committed to helping you with your finances. All our content abides by our Editorial Guidelines. We are open about how we review products and services in our Review Process and how we make money in our Advertiser Disclosure.
$20,000
Compare Offers

How To Compare $20,000 Loans

How To Compare $20,000 Loans
1
Choose your loan amount
Select a $20,000 loan limit.
2
Compare the best lenders
Filter the results based on your criteria and compare the best $20,000 loan rates.
3
Choose an offer
Find the best personal loan for your needs.
4
Complete the application
Click Get Started to fill in your loan application.

As seen in

business-insider
entrepreneur-logo
forbes-logo-40224
vice-logo
yahoo-finance-logo
the-new-york-times-logo

Apply for a $20,000 Loan

If you're looking to fund a larger purchase, like a home renovation or paying for tuition, a $25,000 can be a great way to do this. But keep in mind that if you want to take out a large loan like this, you should have a plan in place to effectively use the money, and be able to comfortably pay the monthly installments. 

Simultaneously loan applications can affect your credit score, which is why it's a good idea to know what you may qualify for with different lenders. 

This is why Financer.com is an excellent option if you want to instantly compare lenders in the US that offer loans of $20,000 or more, without hurting your credit. 

Why Compare $20,000 Loans with Financer.com

Free Comparison
Free Comparison
Instant Results
Instant Results
Genuine Reviews
Genuine Reviews
Cheapest Loans
Cheapest Loans
Apply Anywhere
Apply Anywhere
Less Paperwork
Less Paperwork

What Customers Say About Us

rating_greenrating_greenrating_greenrating_greenrating_green

4.60 based on 324 reviews

from Reviews.io

Our Loan Comparison Tool

Financer.com's online loan comparison tool has helped thousands of people find the cheapest loans available for their situations by providing a network of strong, familiar, and trusted direct lenders.

Use it to see what more than 200 lenders have to offer in terms of $20,000 loans. Remember that the percentage rate and the term of the loan will affect the cost of your loan overall.

loan calculator will also help you understand exactly how much you will pay and the duration of repayment you can expect and work with.

Compare the Best Personal Loan Rates

Save more on your loan by comparing with us first.

Bad Credit Loans for $20,000

Obtaining personal loans with bad credit can be a cause of concern for a lot of people who are in this type of situation. Furthermore obtaining a bad credit loan with guaranteed approval is even more concerning.

While generally speaking it is highly unlikely you’ll find a lender that will grant you instant approval on a $20,000 loan if you fall into this category of suboptimal credit, it is still actually possible to obtain a loan for said amount.

While larger companies like Wells Fargo, Discovery, QuickenLoans, and more are generally known to favor borrowers with credit scores of 600 points or better, you’re very likely to find highly respected online lenders willing to make approvals of loans as well.

The benefit of online loans too is, while loans aren’t necessarily always instant, the process can be expedited. Some companies will get back to you within hours, or a few short business days.

Our online loan comparison tool at the top of our page can help you instantly connect with verified lenders willing to help you.

As we’ve mentioned, however, like with any other financial agreement, you need to be vigilant of the terms of service.

When you’re borrowing a large amount with a lower credit score, your personal loan tends to have a higher APR.

So it’s suggested you understand what lenders financial calculator reveals to you, vis a vis, you understand the interest to be paid over the length of the loan should you make only minimum repayments.

Prequalify for a $20,000 loan here

Compare lenders and loan rates and apply for a $20,000 loan online with Financer.com. Read customer reviews of top online lenders and prequalify without hurting your credit. With Financer.com you can:

  • Compare lenders that offer loans of $20,000
  • Prequalify with no impact on your credit score
  • Compare rates and choose the best loan offer

Start Comparing

How much would you like to borrow?

Comparing Loans with Financer.com

Financer.com helps you compare the best $20,000 loans and get the lowest personal loan rates from leading U.S. lenders.

Our loan comparisons are fast and easy, and completely free. Best of all, you can pre-qualify without hurting your credit score

At Financer.com we are always improving our comparisons, but are confident in what we can bring to market, and we know you will be as well.

Use our free loan comparison tool to find the right personal loan and take the guesswork out of doing all the legwork yourself.

$20,000 Loans - FAQs

What APRs can I expect with a $20,000 loan?

This depends on the lender and your risk profile; however, APRs typically range from  around 3% to 36% for loans of $20,000. The rate you get will largely depend on your risk profile so if you have a good credit score you can negotiate better rates. 

How long does it take to apply for a loan?

If you compare lenders and apply online you can get a decision much faster than going the traditional way. Online applications can tell you if you pre-qualify in minutes, without hurting your credit. If your loan is approved you can get your funds often the next business day.

6 Loans like Spotloan: Better Options for Fast Cash

Financial emergencies happen, but loans like Spotloan can create long-term financial struggles. Luckily, there are safer, more affordable alternatives. This guide explores direct lenders with

See more posts

How to Refinance a Personal Loan: 7 Easy Steps

With the 2023 Household Debt and Credit Survey revealing that consumer debt for American households has surged to an unprecedented $17.1 trillion as of the ...

See more guides

Home Equity Loan: What You Need to Know

What is a Home Equity Loan? A home equity loan, often referred to as a second mortgage, is a type of loan where you borrow money ...

See more wikis

Was this article helpful?

Be the first one to give feedback

How can we improve this article? Your feedback is private.

We use cookies to give you the most relevant experience. By using our site, you accept all cookies and our privacy policy. To find out more about what cookies we use you can go to privacy overview