cahoot has reduced the cost of its £5,000 to £7,499 loan by 0.3% APR, propelling it to the top of the Moneyfacts charts and earning it the highest accolade.
A £5,000 to £7,499 Online Personal Loan now has a market-leading APR of 4.6% over a term of one to five years.
Example monthly repayments: £5,000 over three years = £148.83.
Applications for this loan must be made online by borrowers aged 21 and over with a minimum income of £5,000 per annum.
Borrowers should remember that all rates depend upon their credit rating, loan amount and the term chosen.
This loan was already a highly competitive product, but this latest rate cut to the £5,000 to £7,499 tier has boosted its chart position considerably. Borrowers seeking a low-cost loan are therefore likely to find this an attractive deal. This is an outstanding product that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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