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Cahoot cuts personal loan rate

04 July 2005
Cahoot is to cut its typical personal loan rate, making its loan one of the cheapest on the market.

The new loan offers a typical APR rate of 5.8 per cent on loans of between £5,000 and £20,000, and 8.9 per cent on those of between £2,000 and £4,999.

With instant decisions available online, minimal early redemption penalties and no set-up fees, taking out a Cahoot loan couldn't be easier.

"Whether it is to consolidate other debts by having one convenient, low-cost payment, or to finance the holiday of a lifetime, there has never been a cheaper time to borrow from Cahoot," said Martin Peterlechner, head of Cahoot.

"With minimal redemption penalties and a simple online application, Cahoot gives great value for money and a great online service."

Click here to find out more about personal loans.

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