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20k Personal Loans: Find the Best Interest Rates

Explore your financing options with our easy-to-use $20,000 personal loan calculator. Discover affordable monthly payments, compare top lenders, and take the first step towards making your big purchase. Start calculating now!

Personal Loans Calculator

Loan amount


Term in months


Interest rate per year



Monthly payment


Total paid


Interest paid

Month Balance Interest Principal
1 $10000.00 $37.50 $816.29
2 $9183.71 $34.44 $819.35
3 $8364.37 $31.37 $822.42
4 $7541.95 $28.28 $825.50
5 $6716.45 $25.19 $828.60
6 $5887.85 $22.08 $831.71
7 $5056.14 $18.96 $834.82
8 $4221.32 $15.83 $837.96
9 $3383.36 $12.69 $841.10
10 $2542.26 $9.53 $844.25
11 $1698.01 $6.37 $847.42
12 $850.60 $3.19 $850.60

An average 20k personal loan with an APR of 4.5% could be split into 60 monthly payments of $372.86.
The Total Interest you would pay during this time would be $2,371.62

We have found 11 Lenders that can fit the personal loan you are looking for.

We welcome you to compare the top lenders and find the one that suits you best or try entering other parameters in the calculator below.

What You Can Use A 20k Loan For

$20k can get you a lot of things, including cheap cars or minor home renovations. But it’s also a loan size that covers a typical wedding’s expenses.

Use $20k To Pay For Your Wedding

Average wedding costs vary widely by location, but the national average in the USA is $20,300. In some states, the average is as low as $12,426. In any case, the best wedding loans may enable you to hold a memorable wedding without digging too deep into your wallet.

A $20k wedding loan may help you balance between a wedding that creates life-long memories and costs. Because it’s such an important event, a personal loan is one of the tools that can make a great wedding possible.

You can use a wedding loan to cover all your pre-wedding activities, your ceremony, and your reception. Loans of this size also cover wedding attire, photography, food and drinks, flowers, beauty treatments, and more. 

Compare Top Brands

  • Fixed APR: 6.99 - 35.99%
  • Loan Term: 12-84 months
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  • APR: 8.99-25.81%
  • Loan Term: 24-84 months
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  • APR: 5.99-35.99%
  • Loan Term: 3-72 months
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