Cahoot Unsecured Loans
Cahoot offer two kinds of unsecured loan : fixed rate, and flexible repayment.
The Fixed Rate deal is a standard personal loan at 6.1% typical APR.
The Flexible Loan acts more like a bank overdraft - use as little or as much of the loan as you need, and only pay interest on the amount you use. There's a low minimum repayment at 9.1% typical APR, but you can pay more if you want to reduce your interest charges. There's also no fixed term - repay in full at any time if you want, or top up your loan if you need extra funds.
Fixed Rate Loans:
- 6.1% typical APR
- Borrow from £5000 to £20000
- Loan repayment terms between 2 and 7 years
- Lump sum paid directly into yourbank account
- Interest rate fixed for the full length of your loan
Flexible Loans:
- Fixed rate of 9.1% typical APR on flexible loans
- Use as little or as much of your loan as you need
- Only pay interest on the amount you're using
- No fixed end date - settle at any time, or borrow more up to your credit limit
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