The Shire Local Banking home loans

Compare home loan offers from The Shire Local Banking.

The Shire ...Local Banking is a financial institution founded in 1970 that is owned and democratically operated by the people who save and borrow with it. There are no external shareholders that influence the credit union’s course of action, which means that all of the decisions made by The Shire revolve around the best interests of its customers.


On 1 July 2016 The Shire... Local Banking merged with IMB Bank. You can find IMB Bank's home loan products here.

Who is The Shire ...Local Banking and what do they do?

Lending options from The Shire include both variable and fixed interest rates. The credit union offers a wide range of loans, but the Simple Switch Home Loan is The Shire’s flagship lending product.

The Shire’s home loans feature competitive rates, payment flexibility, offset account options and redraw facilities. With the Simple Switch Home Loan you have access to these features as well as waived application and valuation fees, and waived credit union solicitor costs.

Home loans offered by The Shire ...Local Banking

Simple Switch Home Loan

This loan is a variable rate loan offered at a competitive rate for the full life of the loan. You can make repayments on a weekly, fortnightly or monthly basis, while you can also make repayments in principal and interest or interest-only form if you chose to do so. Extra repayments are allowed, which makes it easier to pay off the loan faster. There is a 100% offset account attached to this loan, as well as waived application and administrative fees.

Home Basic Home Loan

The Home Basic Home Loan is a variable rate home loan option that allows repayments in principal and interest or interest-only. This loan allows extra repayments, which could save you a lot of money in the long run.

There are offset account and redraw facilities that come along with this loan, but make sure to take note of the establishment fee. There are no ongoing fees and no annual fee attached to this loan.

Home in One Variable Rate Home Loan

The Home in One Variable Rate Loan is an enticing package for borrowers. This loan can be repaid in principal and interest or interest-only, and extra repayments are also allowed. You can schedule repayments around a weekly, fortnightly or monthly schedule, while offset account functions and redraw facilities are also in place. There are no ongoing or annual fees to worry about, which makes it easier to focus your finances on paying off the loan.

Home Plus Variable Rate Home Loan

This loan allows repayments to be made in principal and interest or just interest-only. You can schedule repayments on a weekly, fortnightly or monthly basis, and extra repayments are encouraged. There’s an offset and redraw facility available for use with this loan type, while an establishment fee and a monthly ongoing administrative fee apply.

Fixed Rate Home Loans

The Shire’s line of fixed rate home loans can be locked into a competitive rate for a period of two, three or five years. Repayments can be made in principal and interest or interest-only, and extra repayments are allowed.

A redraw facility is available for customers who want to access the extra cash in their accounts, but the offset account function associated with The Shire’s other loans is only available when this loan lapses into its variable rate period. There is an establishment fee but no ongoing fees.

About how to compare home loans

Pros and cons of The Shire ...Local Banking home loans


  • Offset ability. The variable rate home loans offered by The Shire ...Local Banking allow customers to use their savings as a means to lower the interest rate they pay on their mortgage.
  • Simple Switch. The Simple Switch Home Loan is The Shire’s flagship home loan product. It bundles many features such as competitive variable rates, offset, redraw and waived application fees.
  • Payment flexibility. You can schedule payments around a weekly, fortnightly or monthly schedule when borrowing from The Shire ...Local Banking. This allows you to fit payments around your financial schedule.


  • Locations are only Sydney-based. The Shire ...Local Banking only has four branches, all of which are located in Sydney’s Sutherland Shire.

How to apply for a home loan from The Shire ...Local Banking

The Shire ...Local Banking has made applying for a home loan simple and straightforward. The whole process can be started online.

  • Apply online. You can apply for a loan by logging onto The Shire ...Local Banking’s website. You’ll need to agree with The Shire ...Local Banking’s privacy statement and continue on to the online application. You will need to provide some details on your financial situation, why you need the loan and some personal information. You will also provide your preferred method of contact.
  • Go into a branch. You can arrange an appointment for a mobile lender to come visit you by calling the number on The Shire’s website.
  • Download form. You can download a loan application form and then mail it, fax it or send it via email to The Shire.
  • A mortgage expert will contact you. After you have applied online, a mortgage expert from The Shire will contact you to help you through the remainder of the application process.

Documents needed to apply for a The Shire ...Local Banking home loan

Personal information

The Shire ...Local Banking will require you to provide some identification documents before approving your loan. This is a consumer protection step and is used to prevent fraudulent borrowing. You’ll need to provide:

  • 100 points of identification. One of the pieces of ID must be photographic, such as a driver’s licence or passport.
  • Other forms of ID. You might also need to supply bank statements or other supporting identification.

Property information

There are some property-related documents that you need to submit to The Shire ...Local Banking in order to be approved for a loan. These include the contract of sale, certificate of title and any other important documents showing the transfer of land.

Financial information

The Shire ...Local Banking will need documentation regarding your financial situation in order to gauge how much of a lending risk you pose. You’ll need to provide information about your:

  • Income. You’ll usually have to submit proof of your wage or salary in the form of payslips or signed letters from your employer.
  • Assets. You’ll also need to provide information pertaining to your assets including property, shares and anything else.
  • Debts and liabilities. Your existing credit cards and loans will need to be documented.

The Shire ...Local Banking has an impressive selection of home loans in its portfolio. When deciding on which loan to go with, make sure that you have compared all of your options. Having the right amount of knowledge can prevent you making the wrong choice and can save you thousands of dollars over the life of your loan.

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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.

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. Essentials - Variable (Owner Occupier, P&I)

A competitive interest rate home loan with interest only options. Interest rate 3.64% p.a.
comp rate of 3.66% p.a.

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