Spanish bank Santander manages the Cahoot bank in the UK, dealing mainly in online banking. Apart from their Internet-based services, they offer personal financing to their customers like personal loans. Santander UK funds all the personal loans of Cahoot customers.
There’ll come a time when you’ll need money for a personal purchase or expense. It may be a holiday trip, a home improvement, or even your dream wedding. Need an estimate of the monthly costs? There’s a Cahoot personal loan calculator you can use to get just that.
Terms from 1 to 10 years. Representative example: 5 year £10,000 loan with comparison rates from 2.8% to 49.9% APR would cost between £10,728 and £27,321, including fees. The interest can vary between £728 and £17,321.
Overview of Cahoot loans
Below is a quick list of features you should know about Cahoot loans:
- Limit from £1,000 up to £20,000 (up to £25,000 for existing Santander customers)
- Term from 1 to 5 years
- Fixed APR (currently at 2.8% for amounts above £7,500)
- Payments through direct debits
- Loan quote that doesn’t harm your credit rating
- No hidden product fees
- Credit decision within 5 minutes (in most cases
- Access to funds within 2 working days
- No extra charges on early repayments
Note that if you fully settle your loan early, Cahoot may charge two months’ interest.
There is more information about the loans here, should you need it.
About the loan purpose
Cahoot Bank will reject any loan applications for the following purposes:
- Buying of any land or property
- Risky financial investments
- Paying household bills and living expenses
- Gambling
- Borrowing on behalf of someone else
- Funding a business
- Criminal activity
Cahoot loan process
Before you apply, you must check first if you qualify for a Cahoot loan. Successful applicants must:
- Be aged 21 or above
- Have a permanent UK residence
- Earn a minimum of £7,500 yearly
- Be able to pay off the loan through direct debits
- Not be bankrupt in the past 6 years
Once you meet all the above, you can apply directly on Cahoot’s website. Ready your personal information, including details like your address, your income, and your monthly expenses.
Cahoot personal loan calculator
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£7,500
to £20,000
You can apply online for a personal loan provided by Santander UK plc to help turn your plans into reality. Credit subject to status. Terms and conditions apply.
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £25,000
Paying off your debt using a Nationwide loan could give you the chance to take control of your finances.
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £15,000
You are eligible if youre 21 or over and live in the UK permanently, you have a regular yearly income of £6,000+, you are able to make your repayments by Direct Debit, and you havent been declared bankrupt, had a CCJ or an IVA within the last 6 years. All credit is subject to status and credit checks.
Repayment Period
12 months
to 96 months
Loan Amounts
£15,000
to £25,000
Make your plans a reality with a personal loan with fixed monthly payments, an instant credit decision, quick access to funds and no arrangement fee.
Repayment Period
24 months
to 60 months
Loan Amounts
£15,000
to £24,999
When it comes to putting your plans into action, its personal. And with a personalised loan just a few clicks away, getting things moving could be simpler than you think. Get your loan rate before you apply without it affecting your credit score.
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Minimum and maximum loan periods vary between 1 month and 10 years. APR varies between 2.80% and 71.30% p.a. Total interest repayments vary between £435 and £1,019 over the life of the loan. *APR is based on an unsecured loan of R£15,000 for a term of 3 years. WARNING: This APR is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different APR. These rates can change without further notice. All rates quoted are per annum.
