Can I fix the interest on my margin loan?
Yes, and in some cases fixed interest rates are lower than variable rates providing you with the opportunity to potentially reduce your interest expense*. To find out if fixing your Margin Loan can reduce the interest you pay, visit our margin loan calculator by clicking here.
Our current Margin Loan interest rates can be found online by navigating to Products > Margin Loan: Rates & Fees or click here and select Interest Rates.
You can fix your interest rate for the following terms: 3, 6, 9 months; 1, 2, 3, 5 years; other terms may be available on request. If you fix your interest, you can choose to pay in advance or in arrears - refer to our list of rates for each option.
Interest payments can be via direct debit from your linked bank account or may be capitalised to your loan (note: capitalised interest payments will increase your loan balance).
You can fix your rate in one of the following ways:
Online request
- Log into your CommSec account
- Navigate to Portfolio and select your Margin Loan account
- Under the Transfers tab select Variable loan to fixed
- Follow the prompts to fill in the online request
Complete a Fixed Interest Request form
- Log into your CommSec account
- Navigate to Support > Forms & Brochures: Margin Lending
- Return the form via one of the below methods
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Email: |
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Fax: |
Attn: CommSec Margin Loans |
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Post: |
Attn: CommSec Margin Loans |
Phone
Instructions to fix your interest can also be accepted over the phone by contacting our office on the contact details below.
For further information, our Account Managers can be contacted on 13 17 09 (or + 61 2 9115 1402 if calling outside Australia), 8am and 6pm Sydney time, Monday to Friday.
*Interest rates are subject to change without notice. You should make your own assessment of interest rates before making any decisions. If you decide to terminate a fixed rate agreement early, a termination fee / early repayment adjustment will apply.
As this information has been prepared without taking into account your objectives, financial situation or needs you should, before acting on this information, consider its appropriateness for your circumstances. Please consider the Product Disclosure Statement and loan terms and conditions available from this website before making any decisions.