Cahoot to cut personal loan rate

Internet bank, cahoot, is cut its personal loan rate from 5.8% APR to 5.6% APR - effective January 18th.

The new rate applies to borrowings from £5,000 - £20,000. Customers taking out loans from £2,000 - £4,999 will pay 8.9%.

An instant decision is available online and customers can view their balance online any time.

Early redemption penalties meanwhile are capped at one month's interest.

Click here for more information on the Cahoot Loan

Friday, 20 January 2006 12:00

Top 5 Personal Loans

Loan	Representative APR	Min Loan	Max Loan	Min Term	Max Term	Apply
View Full Table >

	6.8%	£7,500	£14,999	1 Year	5 Years	Apply >
Representative Example: £7500 borrowed over a period of 5 years at 6.8% (fixed) equals monthly repayments of £148 and a total amount repayable of £8,868. There are no other charges included in the total charge for credit.

	8.2%	£5,000	£7,499	1 Year	7 Years	Apply >
Representative Example: £5000 borrowed over a period of 5 years at 8.2% (fixed) equals monthly repayments of £102 and a total amount repayable of £6,112. There are no other charges included in the total charge for credit.

	6.1%	£7,500	£14,999	1 Year	10 Years	Apply >
Representative Example: £7500 borrowed over a period of 5 years at 6.1% (fixed) equals monthly repayments of £145 and a total amount repayable of £8,721. There are no other charges included in the total charge for credit.

	8.1%	£15,001	£25,000	1 Year	7 Years	Apply >
Representative Example: £15001 borrowed over a period of 5 years at 8.1% (fixed) equals monthly repayments of £305 and a total amount repayable of £18,293. There are no other charges included in the total charge for credit.

	6.1%	£7,500	£15,000	1 Year	7 Years	Apply >
Representative Example: £7500 borrowed over a period of 5 years at 6.1% (fixed) equals monthly repayments of £145 and a total amount repayable of £8,721. There are no other charges included in the total charge for credit.