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£10,000 - £20,000 loans

Borrow from £10,000 to £20,000 with secured or unsecured personal loans. It’s important to ensure you only borrow what you can afford.

Whether you’re looking to carry out home renovations, start a new project or consolidate existing debts, a loan of £10,000-£20,000 could help you get started. The kind of loan deal you are offered will vary depending on your personal circumstances. The type of loan you take out will also affect interest rates, and the overall amount you need to repay. Regardless of which type of loan you’re looking for, there are risks you should be aware of before taking one out.
  • Loans can be flexible, allowing you to spread your repayments over 3 to 30 years.

  • The amount of money you borrow, and length of your loan agreement will affect your interest rates and how much you pay back.

  • If you take out a secured loan, defaulting on payments could put your assets, e.g. your home, at risk.

  • Searching for a loan using a broker won’t affect your credit score.

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Homeowner rates, from 6.59%

2020 Platinum Feefo Trusted Service Award

Difference between secured and unsecured loan

Secured and unsecured loans offer two different ways of accessing the cash you need. Secured loans are only available to those who own their own home. Loans of this type usually provide better interest rates and allow potential borrowers to borrow larger amounts.

Unsecured loans are more easily accessed by customers with a strong credit rating or those who are looking to borrow smaller amounts. Typically, lenders see these borrowers as a low risk, so don’t need to offer the security of an asset to support their loan application.

See what our customers say about us

‘I was worried about applying for a £20,000 loan, but Norton’s customer service helped me, step by step, and offered great advice’


Your £10,000 - £20,000 loan repayment plan

It’s important to understand exactly how much you’ll have to pay back and when, so you can plan ahead and keep on top of repayments. Not being able to make your repayments on time could have serious repercussion and you could even risk losing your assets. Our loan calculator can provide you with an estimate before you apply, so you can determine whether or not you can afford to borrow your desired amount.

For example, if you borrow 15k at an interest rate of 4.9% over five years, you would pay back £281.65 a month. The final number will also depend on your personal circumstances.

What do I need to apply for a personal loan?

To start your online application, you’ll need to provide the following:

To help your application along, you may also need to discuss your current debts, financial situation and what you plan to use your loan for. This will help us to identify a suitable loan product for you.

Recent bank statements, mortgage statements or payslips are useful ways of providing all the information necessary for making the process as smooth as possible. A member of our team will get in touch should we require more information.

Borrowing £10,000 - £20,000 with Norton Finance

With over 40 years of experience, we source personal loan plans for individuals seeking to borrow £10-20k. Applying for a loan is quick and easy; all you have to do is provide some details regarding your personal and financial circumstances.

Our team is more than happy to discuss your financial situation to help you manage your money more effectively.

Once you know how much you need to borrow, you’ll need to consider if you want a secured or unsecured loan.

Secured loans are usually set against your property. Should you not follow the terms of your loan agreement, the lender can take ownership of the property.

An unsecured loan, on the other hand, is exactly how it sounds. It is a personal loan that isn’t based on or protected by an asset. However, as the lender doesn’t offer any collateral, they will take your credit report into consideration to see if you are a trusted borrower.

There are both positives and negatives to both unsecured and secured loans, depending on your current situation. We’re happy to talk you through each process, so you can feel confident in making your decision.

Frequently asked questions about loans from £10,000 to £20,000

From rates and repayments to loan fees and conditions, find out everything you need to know about getting a £10k-£20k loan with these frequently asked questions.

Can I borrow £20,000 with bad credit?

Yes, it is possible to borrow £20,000 with bad credit, although your situation may leave you with a much more limited choice of lenders to apply to for a loan. Lenders may offer you a bad credit loan - a loan specifically designed for potential borrowers with poor credit history.

These loans generally come as unsecured loans, so pose less risk to your assets - however, the interest rate can often be higher than other loan types.

How much can I borrow?

Outside of our £10,000 - £20,000 personal loans, you can borrow between £3,000 and £500,000 from Norton Finance. Remember to check how much you can afford to repay each month before agreeing on a loan of any amount.

How long are the repayment terms?

For secured loans, choose any time period between three and 30 years, stretching out repayments for a timeframe that suits you (a maximum of ten years for unsecured loans).

What are the interest rates?

The interest rate on your £10k loan is largely based on your financial and personal circumstances. We source homeowner loans with rates starting at 6.59%.

How long will it take?

If you are accepted, please allow one to two weeks for your application to process and for the chosen amount to arrive in your bank account.

Are there any loan fees?

We are a broker, not a bank - we receive a commission from the lender once the loan application has been completed. We may charge a broker fee of up to 12.5% of the loan amount borrowed, capped at £3,995. We do not charge broker fees on unsecured loans.

Can I pay off a loan early?

It is possible to pay off your loan early. However, you may incur an Early Repayment Fee if you choose to do so.

What happens if I miss a payment?

In the event that you have missed, or will miss, a repayment on your loan, it’s important to contact your lender as soon as possible. They can help you arrange an extension or potentially a loan restructure.

See what our customers say about us

‘I wasn’t sure about taking out a £15,000 loan. After speaking to someone at Norton, they helped put my mind at ease’

What can I use a £10,000 loan for?

A personal loan of £10,000 can be used for just about anything, from expanding your business to planning a wedding. Here’s just a few examples of how this loan amount could help you:


Upgrade your home

Spread the cost of home improvements with a secured or unsecured loan.

Debt consolidation

Consolidate debts into one repayment plan and manage your outgoings more effectively.

Whatever you need a £10k loan for, we’ll do our best to find the most suitable plan for your individual circumstances.

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