Showing results for

$20,000 Personal Loan

Personal loans for

Trusted by thousands of Australians

The Morning Show The Morning Show

Award winning lender

Award winning lender

Winner of Canstar's Innovation
Excellence Award 2022*

Winner of Canstar's Innovation Excellence Award 2022*

Estimate your

Find out how much your repayments and
interest rate could be with our calculator


Monthly repayment from


Example interest rate

9.20 %

Comparison rate*

10.58 %

Total charges


Total repayments


Disclaimer: This calculator provides an estimate only and a comparison rate based on the example information provided. Other fees, costs and charges are not included. This calculation is not an offer for credit. The amount you can borrow may vary once you complete a loan application and all the details relevant to our lending criteria are captured and verified. The interest rate for this product is variable and subject to change. Any calculations made by you using this calculator is intended as a guide only.

$20,000 Personal Loan

Whether you are in the market for a new car, an overseas holiday or planning a wedding, a $20,000 personal loan can help foot the bill. Or you might be in an unfortunate situation of having to pay unexpected medical bills or other expenses. Whatever you need it for, it’s reassuring to know that a $20,000 personal loan may be only minutes away!

Secured loan vs. unsecured loan

There are several factors to consider when taking out a $20,000 loan. Firstly, would you prefer a secured loan or an unsecured loan? The difference is a secured loan uses one of your current assets, such as a car or house, as security against the loan. That means if you default on the loan, the lender could take your assets, but it also means you are likely to get a lower interest rate. With an unsecured personal loan, you are not required to provide security for the loan, which will mean you are likely to be charged higher interest rates and fees. It can be a good option if you don’t have any large assets to provide as security. You then need to decide whether to get a variable rate or variable rate and where to go to get your loan.

As well as banks, there are now many online lenders who can provide quick cash loans at low interest rates. When comparing interest rates between lenders, you’ll need to look at the different comparison rates to get a better idea of the true cost of the loan. The comparison rate allows you to consider the total cost of the loan. As well as the interest rate and the amount of the loan, the comparison rate will account for the loan term, repayment frequency and other fees and charges.

How much can I borrow?

If you don’t need quite as much money you can get a $5,000 personal loan instead, or if you find $20,000 isn’t quite enough, why not get a $30,000 personal loan if you can afford to? In fact, at MoneyMe we offer low-rate personal loans ranging from $5,000 to $50,000 so you can borrow small loans or larger loans, depending on what suits you best. Before you take out your $20,000 personal loan, we suggest you use our free personal loan calculator so you can calculate what your personal loan repayments are likely to be.

The personal loan calculator widget allows you to select the $20,000 personal loan amount (or whatever the total amount is that you want to borrow). Once you’ve chosen the loan amount, you can then select your preferred payment period. The personal loan calculator also allows you to select your interest rate based on your credit history. As an online lender who holds an Australian Credit Licence, MoneyMe believes in fair and responsible lending, so we want to make sure you take out the most suitable loan.

Streamlined application process

Once you’ve calculated your personal loan repayments and are happy that your income can meet them comfortably, you are now ready to apply online. Simply click the ‘apply now’ button to start the process. Once you’ve applied for your $20,000 personal loan, you should receive your decision within a few minutes. Once it’s been approved, the funds can be in your bank account in less than an hour depending on who you bank with, and it will take a bit longer if you apply outside business hours. 

MoneyMe has provided loans online to many happy customers around Australia. They offer quick loans with low rates tailored to your profile. Apply today and you could have $20,000 in your bank in as little as 60 seconds.

Our customers

$20,000 Personal Loan

Fast, fair and easy. Very happy customer. Happy to get another loan in the future from MONEYME.

Simple process, easy to follow application, quick response time and good support.

I was impressed with how easy and quick the application was. Very happy with their customer service, and the app is very convenient.


Review Stars Out of 2,701 reviews

View more

Transparent and
simple pricing

Interest rate

9.20 %
to 25.20 %

Comparison rate*

10.58 %
to 26.58 %

Establishment fee
(Direct applications)

$395 for loans between $5,000 and $15,000

$495 for loans between $15,001 and $50,000

Monthly fee


Loan terms

Minimum 3 years

Maximum 5 years

Early exit fees


Ready to get

Personal Loans are running hot!

55 people in the last 24 hours have applied

Freestyle is running hot!

55 people in the last 24 hours have applied

Debt Consolidation is running hot!

55 people in the last 24 hours have applied