Can I get a loan advance from my CommSec Margin Loan?
The borrowing power of your margin loan is determined by the amount of collateral lodged. Therefore, the first step to using your loan is to transfer security, usually in the form of existing shares or cash. Once your security is successfully transferred, you can use the 'funds available' to buy additional stock or for a cash draw down.
Approved Securities include stocks, managed funds and cash. You can locate the most recent Accepted Shares List and Accepted Managed Funds list on the website by clicking here.
Information on how to transfer shares to your Margin Loan is available here.
Information on how to transfer or deposit cash into, or out of your Margin Loan is available here.
For any further information, please call the Margin Lending desk on 13 17 09 or +61 2 9115 1402 if calling outside Australia (Monday to Friday, 8am to 6pm Sydney time).