A margin loan application is a simple and straight forward process which could see you investing in your favourite stocks within a week.
Most margin lenders will require you to complete an application form and submit it along with supporting documentation such as identity verifications and proof of income forms. Australians begin their margin loan application by first comparing margin loans online to find the lowest rates and features.
Some things you can consider before your margin loan application are:
- A competitive low rate – secure yourself the cheapest rate to reduce your repayments.
- The loan to value ratio (LVR) – if you want to pay lower initial deposits, you will need to find a margin loan with a high LVR, which allow you to borrow a bigger portion of the investment amount.
- The range of approved stocks and managed fund companies – if you need more choice and variety, look for margin loans that have the highest number of approved stocks to invest in.
- Margin loan ratings – take a look at CANSTAR CANNEX rated margin loans to find some of the best value products at RateCity.
Start your margin loan application by comparing the best rates and features of margin loans in Australia using our margin loan comparison tools.