Write a review

Newsletter

Go to business site

Sheffield Credit Union: Loans reviews

Name: Loans
Rating: 4.88 (2765 reviews)

View other Sheffield Credit Union products

4.88

Based on 2,765 reviews, last reviewed 19th Jun 2026

514% increase in 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

95%

Latest highest rating:

5

I took a loan and the pay back structuring is good. I took a loan and the pay back structuring is good. It guarantees a savings at the end of loan tenure. Payment amount has been with ease. That's reall... Read more Reviewed on: 19th June 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

Read all reviews Write a review

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.

Review Sheffield Credit Union: Loans now

Help others make smarter decisions by sharing your own experience.

Write a review

Sheffield Credit Union Loans reviews (2765)

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

Very good reliable service, always helpful, very understanding polite and friendly.

Overall satisfaction in all dealings, very professional service at all times. Reviewed on: 9th August 2022

Frendly, efficient, and locally based.

I beleeve that it is important to support locally based, non-profit financial services such as credit unions, who generally give a frendly, and relatively informal service. Reviewed on: 8th August 2022

SCU: there when you need support

It’s a relief to know that the friendly people at SCU are always in place to provide support. They are essential to the lives of many people, in particular, families on low incomes. The SCU provides excellent customer services that is delivered by people who care about the wellbeing of ordinary people. Reviewed on: 8th August 2022

Amazing customer service

Amazing customer service, very helpful staff Reviewed on: 8th August 2022

Do you have a different Sheffield Credit Union product?

Share your experiences with products to help others make smarter financial decisions and learn more about different products available. Write a review

Alternative products

Logbook Loans
from Logbook Loans 0.00 from 0 reviews
Home Loan (discontinued)
from Firth Finance (inactive company) 4.32 from 37 reviews
Personal loan
from Monzo 4.80 from 130 reviews

Want to see more from Sheffield Credit Union?

Savings
from Sheffield Credit Union 4.89 from 711 reviews

View all products

Join Smart Money People

Keep up to date on ratings of your favourite businesses. Find out about our awards and write new reviews with ease

Create an account

News, guides and insight from our team

View resource hub