Who can open a CommSec Margin Lending Account?

A customer must fit into the below criteria to successfully apply for a CommSec Margin Loan:

  • 18 years or older and an Australia permanent resident; or
  • An Australian registered or incorporated company; or
  • An Australian Trust*; and
  • Able to demonstrate the ability to meet existing commitments, including living and borrowing expenses; and
  • Applying for a minimum credit limit of $20,000; and
  • Earn a minimum gross income of $50,000 per annum; and
  • Must pass CommSec’s standard credit assessment criteria.

*Self-Managed Super Funds are not eligible for a CommSec Margin Loan.

Account types which can be set up under a Margin Loan include:

  • Individual account
  • Trust account with Individual or Joint Trustee(s)
  • Company account
  • Trust where the Trustee is a Company.


For further information about setting up a Margin Loan, click here.


Important information

For any further information, please contact the Margin Lending desk on 13 17 09 or +61 2 8397 1351 if calling outside Australia (Monday to Friday, 8am to 6pm Sydney time).

Consider the Product Disclosure Statement before making any decision about the product and whether it is appropriate for you.

 

© 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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