Cahoot Loans Review - Best Companies

Cahoot offers cheaper interest rates as you borrow more. If you require a greater sum of money, a Cahoot personal loan may be the best alternative for you.

Cahoot Loans is a financial services company based in the United Kingdom and the official online section of Santander, a large European bank. Financial products from Cahoot can be obtained through Santander or directly from Cahoot via their website or contact centre.

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Cahoot customers can open savings accounts or apply for a variety of flexible personal loans. This Cahoot Loans Review will tell you more.

Table of Content

1 Cahoot Loans Overview
2 Services Offered By Cahoot Loans
3 Cahoot Loans Contact Details
4 Cahoot Loans Reviews
5 Summary
6 All UK Loan Companies

Cahoot Loans Overview

The Financial Conduct Authority (FCA) is the UK’s financial services, and financial markets conduct regulator. The FCA has registered the major European bank Santander, of which Cahoot is an official online division.

Santander UK’s Cahoot business is entered on the Financial Services Register and offers various financial products to customers, including fixed-rate bonds or a debt instrument bond with a fixed coupon rate.

Cahoot Loans is a corporation that offers personal loans of up to £20,000 with a five-year repayment duration. Applicants can submit their applications online and receive a response within 24 hours. The application process is straightforward, saving a lot of time for both you and the lenders.

You can apply online for Cahoot loans. If you submit your application during business hours, you will receive a response within 5 minutes. If you apply outside of business hours, you will hear back by 7:30 AM the next business day.

Cahoot Loan will send you a code via a first-class post after your application has been approved. To release your loan funds, you’ll need to submit your application online. Your loan money will be in your chosen bank account within two business days after the lender disbursed it.

Cahoot Personal Loans, provided by Santander, has loans with a minimum annual percentage rate (APR) stated as 2.80%. This is the ideal situation. The APR may increase depending on your specific circumstances, purpose (home improvements, medical bills, etc.) and credit score.

Services Offered By Cahoot Loans

Personal loans are available from Cahoot Loans. Their loans are unsecured, which means you won’t have to put up any collateral, such as your home, as security for the loan.

Cahoot personal loans can be used for various financial reasons, and after you’ve been accepted, you can spend the money any way you like.

Cahoot customers can borrow between £1,000 and £20,000, with interest rates vary based on your specific financial situation and the amount you need to borrow.

When you apply for a Cahoot personal loan, the bank will do a credit check to determine what rate to give you and whether you qualify. Depending on your credit rating, Cahoot may provide a low 4.2% APR Representative to qualifying consumers who apply for a loan between £7,500 and £25,000.

The loan amount can be paid over a period of one to five years, with all payments made via direct debit and online banking. Once you’ve been given a rate, it won’t vary over the current loan repayment period, so you’ll know precisely how much you’ll pay each month.

Customers must be residents of the UK permanently and at least 21 years old to apply for a Cahoot personal loan. Applicants must also have a current account that is not declared bankrupt.

You can apply for a loan online and contact the Cahoot call centre with any queries about what to do with your personal circumstances or for assistance with your application.

Customers can also contact their local Santander branch or call the Santander customer service line with questions about Cahoot’s personal loans. You can access the company’s contact details on their website, or you can check out the next section for further details.

Cahoot Loans Contact Details

Since Cahoot is a division of Santander UK PLC, you can find the following details and contact information about Cahoot under the Santander UK Companies House registration:

Date of incorporation: 12 September 1988
Company number: 02294747
Company type: Private Limited Company
Company address: 2 Triton Square, Regent’s Place, London, NW1 3AN
Opening hours: Mondays to Fridays 8 AM to 8 PM; Saturdays 9 AM to 5 PM

For further information, you can search the FAQ section on their website.

Cahoot Loans Reviews

Here are some honest reviews about Cahoot Loans:

This is a really good loan I’ve got from Cahoot and it isn’t too much trouble for me to post a review to say how pleased I am with how this whole process has gone. Usually when you get a quote for anything the reality turns out to be a lot different and generally not for the better. That hasn’t been the case for me with this loan. The quote Cahoot gave me was pretty accurate and I am more than happy with the final loan agreement they have set up for me. A really competitive APR of 4.7% with convenient and affordable monthly repayments is all I was looking for from a loan and that’s exactly what Cahoot have given me. I’d defin1itely go to Cahoot if I needed another loan, they have been a pleasure to deal with and I’ll be recommending them to family and friends without a doubt. –P. Whitelaw, Southampton

This is the second loan I have had from Cahoot and once again I seem to have struck lucky with the great APR they are charging me. 4.5% is a really good rate compared to what my own bank were quoting me and that’s twice now that they have lost out to Cahoot. Next time I need another loan I think I’ll just bypass my bank altogether and just go straight to Cahoot again. I really hope they can continue offering such competitive loans and if my own bank don’t do something pretty soon to impress me I might consider moving my bank account to Santander and if I do I reckon I’ll get even better deals on my loans. Definitely something to consider! –Jon Bowman, Croydon

Of course I’d heard of Santander and I have friends who bank with them but I hadn’t heard of Cahoot before now and was surprised to see they were the online division of Santander. I’m not sure why they chose to name them Cahoot but maybe it’s because you don’t have to be an existing customer of Santander to get a loan from them. Whatever the reason I am really glad I came across them on the loan comparison website. I applied online and got an instant decision and once all the checks were done and the loan was finalised my money came through in less than 24 hours. I can’t say enough good things about Cahoot. They really were a very pleasant surprise for me and I am thrilled with the loan I have got from them. –Danielle Roper, Edenbridge

Summary

Cahoot offers a loan with payback durations ranging from one to five years, and applicants can borrow between £1,000 and £25,000. If you are authorized for a personal loan through Cahoot, the loan will be funded by Santander, the firm’s parent company.

Before applying for a personal loan with Cahoot, you should carefully read and analyze the information provided in this Cahoot Loans Review.

Also, confirm that you will be able to make your monthly payments throughout the loan period. Use the newer statistics in your application if your income is decreasing and/or your outgoings are increasing so that they can make sure the loan is feasible for you.

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