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Warning: Late repayment of payday loans can cause you serious money problems. For help, go to
My-Quick Loan will never call you and will never charge you any fees. Never pay upfront fees for a loan or send money in return for a loan. For more info please click here.
Our use of ‘payday loans’ is for informational purposes only; we exclusively offer short-term loans.
Instant’ refers to our loan decision process, not fund payout; expect same-day payout subject to processing times.

£20 Loan instant UK

Looking for a £20 instant loan UK? My Quick Loan might be able to help.

We offer loans from £100 to £5,000 paid out the same day. So although we don’t offer loans as low as £20, we can offer £100 loans.

We also don’t offer instant payout loans, we offer instant decision loans.

Understandably, people are turning to loans with the rising cost of living. Here at My Quick Loan, we will always advise our customers searching for “online loan quick” type of loans, that these are a last resort. We recommend finding alternatives first.

However, if you are still looking for a loan, then we’ve put together this guide on how we can help you pick the right lender or broker for your £20 loan.

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Do £20 loans exist?

The answer to that is no, lenders usually start the borrowing at £100. Here at My Quick Loan, we offer loans from £100 to £5,000.

Most lenders wouldn’t consider a £20 loan due to the small value. However, you could apply for £100 through our application form. Borrow £100, then pay back £80 instantly, then pay the rest back plus interest when you next get paid. The idea is to always pay back loans as quickly as possible as this would mean you won’t pay as much interest. However, always check the small print with all lenders so that you can pay back a loan early without any early repayment charges.

What is a £20 loan instant?

Online instant loans are short-term loans. These loans are a small amount over a 3 – 12 month period. Usually, you pay higher APR on these loans due to them being over a short-term period.

To apply for one of these loans you need:

  • To be 18 years old or older – No lender can lend to anyone under the age of 18.
  • Be living in the UK – You must have a permanent residency in the UK to apply for a loan.
  • Have a source of income – most lenders won’t borrow from you if you don’t have a source of income.
  • Have multiple outstanding loans – this is an FCA regulation to help stop people from getting caught in the payday loan cycle. You can only have a certain amount of outstanding loans.

My Quick Loan is always here.

My Quick Loan offers loans paid today and is open 24 hours a day, 7 days a week. We work with a large panel of FCA-approved lenders which could help you find your £20 loan with an instant decision.

We have been around for over 5 years helping over 5,000 customers get quick loans with an average rating of 5*.

We also do recommend you try to find an alternative first. People with debt are raising in the UK mainly due to soaring energy prices, interest rates raising, and the cost of living going up. So it is understandable why you are turning for a loan, you are not the only one. However, you could be adding another debt to the list, and not being able to pay it back could damage your credit rating.

Credit rating

To apply for a loan you’ll need to have a credit history which you should do already. If you have a bad credit history this may impact your chances of getting a loan. However, applying through My Quick Loan might help as we work with a very large panel of lenders which can increase your chances of getting a loan.

Applying for any type of finance, a credit check will be carried out. Having too many credit checks on your file can have a negative impact. This is why we suggest using a service like ours, which only carries out a soft credit search that won’t have an impact on your credit file.

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Conclusion for £20 loan instant!

If you need a £20 loan then hopefully, this guide has helped you make the right decision if you need it or not. We are always here to help you with your loan. Feel free to apply at any time and hopefully, we can match you with the lender with the best rates available to your circumstances.

Warning: Late repayment of payday loans can cause you serious money problems. For help, go to