Loan Rate Update – Clear at the Top

Loan Rate Update – Clear at the Top

Sheffield Credit Union’s Payroll and Homeowner Loan rates have been checked against personal loan rates offered by the banks listed in the table, based on a loan of £4,000 over 36 months, and we are pleased to announce that we are still on top!

The gap has also increased at the top, with Santander increasing their APR by 0.5% to 14.1% since the last check on 25/07/16. Yorkshire Bank reduced their interest rates during the period, and all of the other lenders listed kept their rates stable.

Our Payroll Loans and Homeowner Loans products are our fastest growing products. To find out whether you would be eligible to apply, visit our Payroll or Homeowner loans pages.