Credit Plus Loans

Credit Plus Loans are for those who have a secure and regular source of employment income (or are in receipt of Personal Independence Payments) and a good credit history and wish to borrow from £1,000 to £7,500.


  • Apply for £1,000 to £7,500
  • Apply as soon as you become a member
  • Spread your repayments over up to 5 years
  • 30.0% APR on loans of £1,000 to £2,999
  • APR reduced to 15.0% on loans of £3,000 or over
  • Interest payable on declining balance
  • No loan arrangement fees or set-up costs
  • No early repayment fees if you want to settle the loan early
  • Must repay at least half of initial loan amount before able to apply for a top-up
  • Save while you repay


You can apply for this loan if:

  • You have joined as a member of Sheffield Credit Union (or were a Rothersave member)
  • You have employment income of at least £1,000 per month, or are in receipt of Personal Independence Payments or Disability Living Allowance
  • You have a good credit record (you are currently not missing any repayments, have no outstanding County Court Judgements and you have not defaulted on any credit obligations in the last 2 years)
  • You are willing to commit to saving £20 per month

Our Credit Plus Loans are subject to a good credit record, affordability checks and proof of income. There is also a mandatory savings requirement with this loan product.

Credit Plus Loan calculator Apply for a loan