About Cahoot
Thing of applying for a Cahoot loan, then you will be asked what you need the money for and how much you are able to afford to pay back each month. The are so many loan companies and loan deals to choose from, but with cahoots you have the back of one of the UK’s biggest financial companies, as Cahoot is a division of Abbey National. Cahoot advertised massively on the television and deal with thousands of loans every day, also insurance, credit cards, savings accounts, current account and also offer the Cahoot loan.
Click here to apply for a no obligation loan quote.
Alternatively call the Central Capital freephone number (phone for homeowners only)
0800 389 4063
(Homeowners Only)
General information
Cahoot was one of the first strictly online banks within the UK , offering account holders access to their bank account 24 hours a day through telephone banking, the Internet or cash machines. Cahoot opened its doors in June 2000, at once taking over 1,000 applications for accounts.
Cahoot is a subsidiary of the Abbey National Group. Its aims are to provide customers with excellent services and to offer a range of products such as personal loans and savings and investments. Cahoot offers its bank-account holders 24-hour access to their accounts, with access to over 700,000 Visa cash machines. Cahoot also offers travel, home and motor insurance.
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Features of the Cahoot loan
The fixed rate Cahoot loan: This Cahoot loan works like most others on the personal loans market: you receive a lump sum and make monthly repayments to cover your debt. You can borrow between £1,000 and £20,000 for one to five years, and the interest rate offered is competitive. If you choose a fixed rate loan, the interest rate specified will remain the same for the duration of the loan. If you are looking for low monthly repayments, however, you should shop around rather than heading straight for the fixed rate Cahoot loan.
To be noted is that one disadvantage to this loan is that you are charged a fee should you repay it earlier than agreed. This is common practice, but you should be able to find a loan company that does not charge this fee. To check out all the alternatives, use the A1Credit.co.uk loan comparison service.
The flexible Cahoot loan: This Cahoot loan is completely different. When you apply for a flexible Cahoot loan you will be informed of your credit limit. You will then be able to withdraw money as you need it, and you will only pay interest on what you use. This loan essentially works like a credit card, as you can make payments whenever you like and there is no official end to your loan term. The interest rate is variable – it can rise or decrease in the future according to interest rates and subsequent policy of Cahoot. The APR on the flexible Cahoot loan is one of the lowest loan rates available.
Note that if you are looking for this level of flexibility and a low interest rate, you might be better off applying for a credit card.
Comparison of the Cahoot loan with other UK products
One of the Cahoot loans available might be perfect for you, but to compare them against the other loans available in the UK , A1Credit.co.uk offers a comparison service that can do this for you. We list many of the lowest rate any purpose low rate personal and secured loans, fixed and variable and compare with others.Just type in some details about the type of loan required and it will give you a list of the best loans for your particular circumstances.
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