Shell Employees’ Credit Union home loans

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Learn more about SECU’s complete range of home loans and see if there is one suited to you.

Shell Employee’s Credit Union (SECU) is not only for Shell employees. SECU offers financial services to all members of the Camellia Business Peninsula. Established in 1963, SECU’s initial purpose was to financially assist the employees of the Shell Group of Companies.

Shell Employee’s Credit Union joined with Maritime, Mining & Power Credit Union

As of 1 April 2016 Shell Employees' Credit Union joined with Maritime Mining Power Credit Union. This page is simply for informational purposes as the products are no longer available,

This expanded from their families to those who provided contract services to the company and eventually to the entire Camellia Business Peninsula, formerly known as the Rosehill business district. In their line of banking products, SECU offers a unique solution for home loans.

Available for an owner occupant purchase or an investment property, you get to choose the way in which you want your loan structured. There are a number of options to choose from, including repayment flexibility, 100% offset accounts, extra repayments and a free redraw facility.

SECU home loans

Other features of a home loan with SECU include:

  • Application fee. The application and approval fees are waived.
  • Pre-approval. You have the option of getting pre-approved to see how much worth of house you can afford before beginning to look for one.
  • Interest rate. The home loan can be at a variable rate, interest-only or split.
  • Loan to Value Ratio (LVR). You can borrow up to 95%.
  • Monthly fee. There are no maintenance fees charged to your account.
  • Loan purpose. A home loan with SECU can be used for a new home, investment or refinance. You have the option of using built in equity in your home to obtain funds for personal use.

Pros and cons

Pros SECU lets you choose the features you want in your home loan allowing you to save money in interest over its terms. Some of those money savings features include:

  • 100% offset account. With money in a linked transaction account, interest is applied on a lower loan balance.
  • Flexible repayments. SECU lets you choose between weekly, fortnightly or monthly repayments. This can increase the amount you pay annually, allowing you to pay the loan off faster.
  • Extra repayments. You have the option of making as many repayments as you can. If you need a portion of that money back, there is also a free redraw facility.
  • Fees. There are no monthly or annual fees, which saves you thousands of dollars over the life of the loan.


  • Fixed rate. The stability of a fixed interest rate is not available with SECU home loans.

How to apply for a SECU home loan

The home loan application can be found on the SECU website. You only need to follow these steps to get started:

  • Membership. Only members may apply for a home loan product with SECU. If you are not already signed up, you can apply online for membership.
  • Download application. You can easily download the online application to fill out at your convenience.
  • Submit application. You can submit your home loan application via email or through regular post. You can also drop it off at a branch.

Once submitted, a loan representative will contact you to discuss your home loan options.

Documents needed to apply for a SECU home loan

Personal information

Australian financial institutions are obligated to abide by strict guidelines in verifying an applicant’s identity before a home loan can be approved. As a result you will be asked to supply the following:

  • Drivers licence. A valid Australian driver’s licence or state or territory issued non-driver photo ID.
  • Passport. In lieu of a driver’s licence you can also use valid Australian passport.

Property information

The property being used as security is a very important part of the application. Unless you are asking for pre-approval you are going to need to the following documentation regarding the property being purchased:

  • Sales contract. This is a document given by the selling agent that details the property and the terms of the sale.
  • Certificate of title. This is an important document showing the current owner of the property is the same as the seller.
  • Transfer of land. The credit union needs to see that the ownership of the property will be passed to you.

Financial information

Your finances are also a concern for the credit union. Have information ready regarding the following:

  • Income. This can be shown using your most current pay slips. Check to see that they reflect both current and year to date gross and net earnings.
  • Liabilities. This is a compilation of the money you spend money and should include credit card debts, other loans and your expenses.
  • Assets. List items that you own of significant value. Include any other real estate, vehicles and savings accounts.
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Home Loan Offers

Important Information*
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UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000

Take advantage of a low-fee mortgage with a special interest rate of just 3.59% p.a. and a 3.59% p.a. comparison rate.

Logo for HSBC Home Value Loan - (Owner Occupier P&I)
HSBC Home Value Loan - (Owner Occupier P&I)

Get a low interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online. Available with just a 10% deposit.

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