‘Outstanding’ personal loan from cahoot | Product News - Moneyfacts

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‘Outstanding’ personal loan from cahoot

‘Outstanding’ personal loan from cahoot

Category: Loans
Date: 23/03/2015

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 It is now over 6 months old so the content may be out of date.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 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.

The basics…

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.

The finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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