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 9115 1402 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.
