What costs are associated with a CommSec Margin Loan?

Interest
By default, a CommSec Margin Loan will incur interest only for the amount you borrow. Variable interest is calculated on the daily balance and charged monthly. As an option, you can request to fix the interest rate on a portion or all of your loan balance. The current variable and fixed interest rates are available online under Products > Margin Loan > Rates & Fees.

Brokerage
A CommSec Margin Loan comes with its integrated share-trading account that qualifies for CommSec's discounted brokerage rates. The rates are available online under Products > Margin Loan > Rates & Fees.

Other fees and charges may apply – please refer to our brochure by navigating to Support > Forms & Brochures > Margin Loan: Boost your investment Power with a CommSec Margin Loan.

Answers others found helpful

What is Maximum Gearing Ratio (MGR)?

The Maximum Gearing Ratio (MGR) is the maximum amount we will lend expressed as a percentage against a portfolio, as determined by us from time to time.

The MGR is published on our

Can I short-sell with CommSec?

At CommSec, you are not able to sell a stock that you do not own (short sell), however you may be able to establish a Short exposure to a stock by using CFDs or Exchange Traded Options (ETOs)*.

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© Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.

The information on this page has been prepared without taking into account your objectives, financial situation or needs. For this reason, any individual should, before acting on this information, consider the appropriateness of the information, having regards to their objectives, financial situation or needs, and, if necessary, seek appropriate professional advice.

CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content on this page, including any third party sourced data, nor does it accept liability for any errors or omissions.

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