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Cahoot Fixed Rate Loans
Cahoot - Fixed Rate Loans
Cahoot have clearly established themselves as a market leader for personal loan, offering excellent customer service and low rates on all their loans.
At Cahoot you have the choice of two types of loan, a fixed rate loan and a flexible loan. Click here if you would like to learn about cahoot flexible loans...
What is a fixed rate loan?
A fixed rate loan is a personal loan which you borrow that is a set amount and repaid over a set period. For example:
If you request that cahoot loan you £3,500, you would also agree a term in which you have to pay the loan back over. Typically you can pay the loan back over any period between 1 year and 7 years, (this depends on the amount you borrow and your individual circumstances).
How much can I borrow?
With a cahoot fixed rate loan you can borrow any amount between £1,000 and £25,000. You can repay the loan over any period between 1 - 7 years. You will agree the period before the loan is completed, you will then be bound to pay the loan amount back over the agreed period.
What is the difference between a fixed rate loan and a flexible loan?
cahoot offer two types of loan, a fixed rate loan and a flexible loan. There are a couple of differences with these types of loans.
With a fixed loan you ask for a set amount and cahoot will provide you with that exact amount, with a flexible loan you ask for essentially a limit which you can borrow. Think of how a credit card works, you are given a limit which you can spend with a provider and you are only charged interest on the amount you borrow. A flexible loan is just like a credit card but without the card.
For example if you ask for a £5,000 fixed loan cahoot will provide you with the £5k and you will agree a payment method, over what period and how much you will repay a month. With a flexible loan you ask for a cap of £5,000, but you havenâ??t borrowed the £5,000 its just been made available to you when you need it. Allowing you to borrow as little or as much as you need.
What is an APR?
APR is an abbreviation for "Annual Percentage Rate". APR is the rate which you pay back when you take out a loan with a bank or building society. For example if you borrow £1,000 and your APR on that loan is 10% then the total amount you will need to pay back is £1,100, the £1,000 you borrowed and the £100 interest. So just that of APR as the interest rate.
How long do I have to pay the loan back?
With cahoot you can pay your loan back between one and seven years, this will be agreed with cahoot prior to you taking the loan out. You will also agree a set amount which you will pay back. Typically cahoot require payments be made on the loan every calendar month.
Apply for a Cahoot fixed rate loan now
Cahoot have clearly established themselves as a market leader for personal loan, offering excellent customer service and low rates on all their loans.
At Cahoot you have the choice of two types of loan, a fixed rate loan and a flexible loan. Click here if you would like to learn about cahoot flexible loans...
What is a fixed rate loan?
A fixed rate loan is a personal loan which you borrow that is a set amount and repaid over a set period. For example:
If you request that cahoot loan you £3,500, you would also agree a term in which you have to pay the loan back over. Typically you can pay the loan back over any period between 1 year and 7 years, (this depends on the amount you borrow and your individual circumstances).
How much can I borrow?
With a cahoot fixed rate loan you can borrow any amount between £1,000 and £25,000. You can repay the loan over any period between 1 - 7 years. You will agree the period before the loan is completed, you will then be bound to pay the loan amount back over the agreed period.
What is the difference between a fixed rate loan and a flexible loan?
cahoot offer two types of loan, a fixed rate loan and a flexible loan. There are a couple of differences with these types of loans.
With a fixed loan you ask for a set amount and cahoot will provide you with that exact amount, with a flexible loan you ask for essentially a limit which you can borrow. Think of how a credit card works, you are given a limit which you can spend with a provider and you are only charged interest on the amount you borrow. A flexible loan is just like a credit card but without the card.
For example if you ask for a £5,000 fixed loan cahoot will provide you with the £5k and you will agree a payment method, over what period and how much you will repay a month. With a flexible loan you ask for a cap of £5,000, but you havenâ??t borrowed the £5,000 its just been made available to you when you need it. Allowing you to borrow as little or as much as you need.
What is an APR?
APR is an abbreviation for "Annual Percentage Rate". APR is the rate which you pay back when you take out a loan with a bank or building society. For example if you borrow £1,000 and your APR on that loan is 10% then the total amount you will need to pay back is £1,100, the £1,000 you borrowed and the £100 interest. So just that of APR as the interest rate.
How long do I have to pay the loan back?
With cahoot you can pay your loan back between one and seven years, this will be agreed with cahoot prior to you taking the loan out. You will also agree a set amount which you will pay back. Typically cahoot require payments be made on the loan every calendar month.
Apply for a Cahoot fixed rate loan now
posted by Barbara Gordon at 2:10 PM
Cahoot Fixed Rate Loans
3 Comments:
I've just applied for a cahoot loan of 12000 over 3 years at 5.6% and been turned down, i thought my credit history was faultless so just looked up my credit score and history on experian, which cahoot say they have just used, credit score of 930 out of 1000 and can see nothing wrong on history, report says i am a low risk borrower, any idea why they turned me down. i am trying to raise money to take my current loan and 0% credit cards which are due to end soon on to cheap finance. thanks julia
Is it possible that they think you have enough available credit anyway?
You caould try appealing to them (and grovel a bit about how you would loave to have their loan) and maybe explain that you are looking to consiolidate loans rather than take more credit.
I appealed about a credit card recently and won the appeal.
Sometime these things work off computer programs which aren't very intelligent. The appeal process will be dealt with by a person so you might have more success.
If you have any cards that you aren't using or going to use in future then you should close them as it still counts as available credit.
i had the same problem, in 2002 i took out a 9k flexible loan with them, luckily i'd repayed it by mid 2003 (not a great customer from their point of view as they couldnt charge me as much interest)
in late 2004 i asked for another loan, smaller amount £4k, but was rejected for no apparant reason - again my credit record was excellent
i wrote to them twice to enquire about their decision, but no reply - so based on that i am glad i didnt use them again (I HATE bad customer service)
as with a comment earlier, i think my issue was more having "too much credit available and unused" as opposed to being a high risk.....
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