Cahoot aims to bring new and fresh ideas to finance by offering 24-hour internet banking enabling customers to complete online banking transactions whenever they want. As the Abbey National backs cahoot they are able to offer attractive rates and the security of an established financial institution.

Cahoot offers a flexible loan which allows applicants to borrow anything up to their credit limit, which can be anything between £5,000 and £20,000. The flexible loan enables customers to pay off credit, store card or other existing loans so they can make the most of the attractive rates. Customers are only charged interest on the amount they actually use and the interest rate remains the same however much they borrow. For example if a customer thinks they only need half of their agreed credit limit but then later find they require more then this is still available to them. Minimum monthly repayments begin at £50 or 1.75% of the remaining balance (whichever is higher). Should customers circumstances change then flexible repayments enables customers to reduce payments or increase them. Customers can payback the loan in full at anytime and not incur penalties.

Applicants can apply for the flexible loan online. Internet banking enables customers to have access to account 24-hours a day and make transactions as and when they wish. The repayment calculator enables customers to calculate their monthly payments and the amount of interest.