Sheffield Credit Union is a not-for-profit savings and loans provider for people across South Yorkshire. Saving with the Credit Union is flexible and easy!

Saving
Pay in regularly by standing order or transfer of benefits and save without any effort;
Pay by payroll deduction – your savings build up without you really missing the amount from your pay;
We also take cheques made out to you (clearing time 10 days).

Loans
Sheffield Credit Union specialise in personal loans of £100 up to £10,000. We offer a great range of personal loan products to suit your circumstances, all at low interest rates and without you needing to save first.

Here’s why we are different…

• We never decline someone just because they have a low credit score – your application will be considered by a real person who will take the time to understand your needs.
• We try to always offer you the cheapest product that you are eligible for, or give you options if there is a choice. We will also recommend ways that you can obtain even cheaper loans from us in the future.
• As you make your loan repayments on time, we report that information back to Credit Reference Agencies like Experian, helping you to improve your general credit record.

We offer a great range of personal loan products for you to choose from, each with unique benefits:

• Progress Loans are for new or existing members wishing to borrow from £100 to £7,500 without saving first.
• Family Loans are available year round to help members manage their family budget, with small loans of £100 to £500.
• Gold and Loyalty Loans (Savings Based Loans) for those who have built up eligible savings* with us and who want to take out a loan of £100 to £10,000 at low interest rates by leaving these savings with us as security.
• Household Goods Loans and School Essentials Loans (Essentials Loans) are for new and existing members who want to borrow up to £400 to purchase electrical goods and other household items, or up to £350 to help spread the cost of school uniforms and essentials.
• Homeowner Loans for those who own their own home and wish to borrow from £1,000 to £10,000 for any purpose (subject to good credit record).
• Payroll Loans for those wishing to borrow from £1,000 to £10,000 who are employed by one of our participating employers offering payroll deductions.

All of our personal loans are subject to affordability and credit checks.

*eligible savings are savings that have been built up consistently over at least 12 weeks.

Any Purpose Considered

• We will consider a loan for any personal loan purpose. Please note we are unable to consider applications for business loans.

Low Rates

• Our interest rates are designed to be some of the best rates on the high street.

No Fees or Early Repayment Charges

• It costs you nothing to apply once you are a member and have paid the small one-off joining fee.
• No loan arrangement fees or set-up costs.
• No hidden costs or penalties for early repayment.
• You can pay less interest by making additional payments with no penalties.

 And it's easy to apply!