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Cahoot is a loan provider focused on online account management and promise to offer you a quick decision.

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Loans displayed have term lengths between 6 months and 5 years, and 3.24% APR.

APR Total repayable

The amount is based on monthly compounding and for comparison purposes only.

Monthly repayments

cahoot Personal Loan

  • 5 minute application
  • Quick decision
More info
3.24% APR Representative
£218.75 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Permanent UK resident
  • Aged 21 or older
  • No bankruptcy or CCJs

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 36 months at a fixed rate of 3.2% per annum would result in a representative rate of 3.2% APR, monthly repayments of £218.75 and a total amount repayable of £7,875.00.

Warning: Late repayments can cause you serious money problems. For more information see our debt help guides.

uSwitch Limited is a credit broker, not a lender, for consumer credit products. Our services are provided at no cost to you, but we may receive a commission from the companies we refer you to. For some loans a broker fee of up to 12.5% may be added to the cost of the loan.

About cahoot

Cahoot is a UK internet bank, and is a division of the British and Spanish banking giant Santander. Figures from 2008 show that they had 750,000 customers.

They are based in Coventry, and authorised and regulated by both the Financial Conduct Authority and the Prudential Regulation Authority. They specialise in providing low rate personal loans.

Cahoot was first founded in 2008, and at that time they were the brand used for the internet banking arm of Abbey National. It became a constituent of the Santander Group in 2004, when they acquired Abbey National.

At its launch, they pledged to provide interest-free overdrafts and credit cards to their first 25,000 customers, but technical problems had a serious effect on the launch. They now use a secure and reliable banking platform, and provide a wide range of banking services with the support of Santander.

Whilst Cahoot still retain their own website, and their own identity, the site makes clear that their personal loans are provided by Santander.

They offer loans between £1,000 and £20,000 and payments can be made over a period of up to 5 years. There is the possibility to take a low cost personal loan for values between £7,500 and £15,000. Their borrowers make monthly fixed-amount payments, allowing for easy budgeting.

Applicants must be at least 21 years of age, and resident in the United Kingdom with a current account. Payments can only be made via direct debit, and support is provided over the telephone via the Santander contact centre.

Loans are provided subject to status and to a credit check. As personal circumstances are taken into account, the interest rate offered may differ from the standard representative APR shown on their website.

Applications are made through a simple online form, and applicants will usually receive a decision via email within minutes of the application being made.