Cahoot Loans

Everything you need to know about Cahoot loans

Who Are Cahoot?

Cahoot are an online-only subsidiary of Santander providing loans, credit cards, and current accounts. 

Who Can Apply For A Loan With Cahoot?

As Cahoot is a subsidiary of Santander the same lending criteria apply, these are as follows; 

  • Be aged 21 or older.

  • Be a permanent resident of the UK.

  • Have a regular income which is at £7,500 per year or more.

  • Be able to make repayments via Direct Debit.

  • Have not been declared bankrupt or had a CCJ or an IVA within the last 6 years.

How Much Can I Borrow?

Cahoot offers loans from £1,000 to £20,000.

How Long Can I Take A Loan For?

You can take out a Cahoot loan for a period of 1 to 5 years.

What Can I Use A Cahoot Loan For?

As a Cahoot loan is a type of personal loan there are many possible uses; buying a new car, home improvements, a holiday, or even debt consolidation. 

Cahoot is owned by Santander and there are a few things Santander stipulate that you cannot use their loans for, these are; 

  • House deposits

  • Bridging negative equity 

  • Property 

  • Land

  • Household Bills

  • Living Expenses

  • CSA payments

  • Personal tax bills

  • Stocks and shares

  • Gambling 

  • Borrowing on behalf of a third party 

  • Equity transfer

  • Capital raising 

  • Business purposes 

How Can I Get A Loan From Cahoot?

You can apply to Cahoot directly, but we recommend that you use Mo to help you compare the best loans available to you before making a decision.

Compare With Confidence

Become the hero of your home with Monva - the simplest way to save time and money and find a great deal

Why Should I Borrow From Cahoot?

Cahoot offers a simple online-only service and they are owned by a reputable high street name in Santander. 

  • Rates as low as 2.8% (correct as of 06/01/2022)

  • Borrow £1,000 to £20,000

  • Overpay at no extra costs 

  • Repay over 1 to 5 years 

  • You can use the funds for a range of things, debt consolidation, a holiday, and car purchase to name a few

How Long Does It Take For A Cahoot Loan To Come Through?

As Cahoot is owned by Santander, they follow the same processes. 

If you apply before 11.30 pm you should receive a decision online within 5 minutes of either accept, refer or decline. 

If you are accepted you’ll receive a loan agreement to sign and once signed your funds will be with you within 2 working days. 

If you receive a refer decision it means the underwriting team want to look into your application in more detail and will be in touch with you regarding the next steps.

Can I Pay Off My Loan Early? 

Yes, with Cahoot you can pay your loan off early, you just need to reference your loan agreement for the steps to do this. 

Also, Cahoot allows you to make one-off overpayments making their loans a good option if you think you can repay your debt earlier. 

Can I Change My Mind?

Yes, if you change your mind you can cancel your Cahoot loan within 14 days from the date you signed your agreement. 

If you wish to do so you will find the appropriate contact details in your loan agreement paperwork. 


Compare With Confidence

Become the hero of your home with Monva - the simplest way to save time and money and find a great deal