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Sheffield Credit Union: Loans reviews

Name: Loans
Rating: 4.94 (2222 reviews)

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4.94

Based on 2,222 reviews, last reviewed 4th Sep 2024

100% decrease in 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

95%

Latest highest rating:

5

Worth every penny of anyone's money Staff very friendly and helpful very informative ty x Reviewed on: 4th September 2024

Latest lowest rating:

2

rates extortionate taking advantage of people The apr rates are extortionate I asked for a loan and for them to basically loan me £1400 it’s costing me over £400 in interest and they are holding ... Read more Reviewed on: 22nd March 2024

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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 (2222)

Best company

Credit union is always there to help Reviewed on: 24th May 2023

Best in the game

Ready to help and they are always a phone call away whenever you need them. They saved my life few months ago. Reviewed on: 24th May 2023

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

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