Step Up and Get Those Cahoot Loans

2007-03-08 10:33:40

( Financial )



Launched in June 2000, Cahoot became one of the pioneers of online banking in United Kingdom, as well in Northen Europe. As a strictly online banking operation, it had its modest start in the town of Abbey, England. It is known for its customizable rates that are reasonable and customer-friendly. Because it spawned off as a major subsidiary from one of UK's primary financial service corporations, the Abbey National Group, it boasts of a long-standing experience in service that is high-quality, excellent and stable. Through their trademark Cahoot loans, they were able to take 1,000 applications in the first day alone.

Cahoot aims to offer its clients superior banking services, such as personal loans, vehicle loans, insurance, refinancing, and loan consolidation. It also allows its borrowers to significantly compare loans with other major lenders, as well as to conveniently view loan status online. Cahoot loans allow the flexibility of choosing either a fixed-rate or a flexible-rate personal loan. Like most banks, the interest rate mostly depends on the borrowed amount and credit rating.

When you take out a Cahoot personal loan, customers are assured that both loans will be equipped with payment protection. Fixed-rate loans involve having a lump sum deposited to your bank account wherein a repayment schedule that will suit your payment capabilities can be arranged accordingly. Flexible-rate loans allow you to borrow any amount based on your discretion and thus, interest will be paid based on what you borrow.

However, Cahoot loans offer the option of switching loan schemes (or to consolidate loans) to vary loan repayments and borrowed money – giving you much-needed flexibility whenever the need arises. If you repay your Cahoot loan early, an interest penalty of 30 days may also be payable. Also, Cahoot loans can be arranged from any period between 24 months and seven years.

In general, the financial stability of Cahoot is enough testament of the superior quality and service that they give. This, along with their sensitivity to various customer needs, makes them a sterling financial institution.


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