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Sheffield Credit Union: Loans reviews

Name: Loans
Rating: 4.93 (2719 reviews)

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4.93

Based on 2,719 reviews, last reviewed 6th Mar 2026

17% increase in 5 star reviews

in the past 90 days

100% increase in 1 star reviews

in the past 90 days

95%

Latest highest rating:

5

No stress, good customer service, straight forward q... No stress, good customer service, straight forward questions... Reviewed on: 6th March 2026

Latest lowest rating:

1

Unprofessional and Discriminated Service I was refused a loan by Sheffield Credit Union despite being in permanent full-time employment for 5 years, and being on the electoral register at my ... Read more Reviewed on: 18th December 2025

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About this product

A Sheffield Credit Union personal loan where you can borrow between £200 and £15,000.

Applying online takes less than ten minutes and cheaper interest rates are offered to people who have built up savings with Sheffield Credit Union.

Sheffield Credit Union personal loan reviews help you find out what it’s really like to be a customer. If you’ve used Sheffield Credit Union before, you can also leave a review and share your experience.

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Sheffield Credit Union Loans reviews (2719)

Customer service

Great customer service really helpful and quick paying out loans I would highly recommend credit union to people who need quick cash Reviewed on: 24th May 2023

Affordable loans

I've been a member of credit union for a couple years and I honestly think its the best it's affordable and you save as you go along. Reviewed on: 24th May 2023

Community Organization

I have been a member of Credit union for many years now, and I am extremely pleased with the support and help they offer to our community. Thank you for your hard work. Reviewed on: 24th May 2023

Fantastic

Fast responses, excellent service, good for both loans and savings Reviewed on: 24th May 2023

None profit?.

Sheffield Credit Union charge 42 % interest for 100 to 1500 loan. Unbelievable. Reviewed on: 14th August 2022

Reply from Sheffield Credit Union Hi Pedro, we are certainly non-profit. This means that we do not operate to make a profit, but that if we make a surplus, we pay it back to our members as a dividend on their savings and/or use it to develop our services to our members. All our members have a savings account automatically when they apply, as this is one of the things that makes a credit union different. The interest rate of 42.6% is the maximum credit unions charge, and for similar loans elsewhere, the interest rates are much higher. Banks do not tend to provide loans of this size (they aren't profitable to them) and other lenders online or in the high street charge more - mostly 99% or more. We also charge our interest on a decreasing balance basis, so if you pay more on a repayment, you pay less interest. There are no penalties for repaying early either. Credit Unions are worldwide non-profit organisations set up to provide safe savings and affordable loans to all their members. I hope this reassures you. Response date: 23rd December 2022

Easy and best Lending and Saving options

Very simple, practical, accommodating, and friendly. Reviewed on: 10th August 2022

Always helpful

Whenever I have needed to contact Sheffield Credit Union I have always received a quick, helpful and supportive response. Reviewed on: 10th August 2022

Easy access

Always able to receive money quick and easy, always happy to help excellent service provided Reviewed on: 10th August 2022

Always there to help!

Always try to help, always pleasant ! Not judgy , highly recommend Reviewed on: 9th August 2022

Supportive and realistic

Always excellent support and help with any issues.I feel credit union help you manage your savings and if you require loans or help it's always done with manageable repayments that you can afford they really are fair and supportive and help people who.otherwise could fall into the hands of loan sharks just for a small amount to help them in a time of need with unexpected money issues. A brilliant service all round and have helped me to establish savings which I never had before . Reviewed on: 9th August 2022

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