Cahoot grabs 5-stars for its personal loan | Product News - Moneyfacts

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Cahoot grabs 5-stars for its personal loan

Cahoot grabs 5-stars for its personal loan

Category: Loans
Date: 17/12/2014

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Cahoot has reviewed its personal loan and reduced selected rates by up to 0.7% APR, securing a market-leading position in the Moneyfacts charts.

The basics…

An Online Personal Loan of £5,000 to £7,499 over a term of one to five years now has a rival-beating rate of 4.9% APR, a 0.4% reduction and the lowest rate for its sector.

Meanwhile, a loan of £1,000 to £2,999 now has a rate of 20.6% APR after receiving a rate cut of 0.3%, while a loan of £3,000 to £4,999 has a rate of 13.6% APR, also thanks to a reduction of 0.3%. A mid-sized loan of £7,500 to £15,000 has an APR of 4.2% and a larger loan of £15,001 to £20,000 also has a rate of 4.2% APR after receiving the largest rate reduction.

The finer details…

Example monthly repayments: £5,000 over three years = £149.48.

Applications must be made online by borrowers who are 21 years old or over. Borrowers should remember that all rates depend upon their credit rating, loan amount and the term chosen.

Why we like it…

Cahoot has taken the Moneyfacts charts by storm with its attractive rates. Its most competitive tier is for loans of £5,000 to £7,499, which secures it the top spot in the charts and is sure to garner attention among borrowers looking for a mid-range loan.

The highest accolade of five Moneyfacts Stars has been awarded.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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