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Margin Loans Margin Loan Broker

Discussion in 'Finance & Banking' started by coopranos, 12th Apr, 2007.

  1. coopranos

    coopranos Well-Known Member

    Joined:
    11th Oct, 2006
    Posts:
    498
    Location:
    Perth
    Can anyone here recommend a good broker who deals with Margin Loans on shares/managed funds?
    Thanks!
     
  2. Simon

    Simon Well-Known Member

    Joined:
    17th Sep, 2005
    Posts:
    520
    Location:
    Newcastle
    Don't know that there is such a thing.

    Just do a search here and then choose one. They are pretty similar and there is not too many out there.

    I use Leveraged Equities myself and am pretty happy.

    Cheers,
     
  3. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,623
    Location:
    Sydney, Australia
    You don't need a broker to find a margin loan - there aren't that many to choose from. If anything, it's financial advisors who choose margin lenders for many people (and often get a trail for doing so).

    InfoChoice is a good place to start:

    INFOCHOICE | Investment | Margin Lending

    It's also worth checking their LVR lookup to find what each lender will offer on the funds you hold (or are planning on holding).

    INFOCHOICE | Investment | Margin Lending | Compare

    I've been with Leveraged Equities for several years, and am very happy with their service now ... I recently moved some of my funds to St. George to get a better LVR on a couple of my funds, but I've decided to move them back to LevEq.
     
  4. HulbertJ

    HulbertJ Member

    Joined:
    10th Sep, 2006
    Posts:
    6
    Location:
    Canberra, ACT
    My wife and I both use NAB margin lending. They have a pretty competative % rate (particularliy cheap if you pre pay 12 months of interest) and a pretty comprehensive list of approved investments. (they recently increased the LVRs on over 200 of their direct share approved investments which helped!)

    They have a 5% buffer on direct and a 10% buffer on Managed Funds.

    St George has a more comprehensive approved investment list but a more expensive % rate. St George has 10% buffer for both direct and managed funds.

    Good Luck


    Jase
     
  5. qlds007

    qlds007 Member

    Joined:
    25th Oct, 2006
    Posts:
    11
    Location:
    Brisbane, Australia
    Many Financial Planners will rebate back a percentage of the interest rate which makes it more competitive.

    SGB we normally offer a 0.25% rebate.
     
  6. Bantam Roosta

    Bantam Roosta Well-Known Member

    Joined:
    7th Feb, 2007
    Posts:
    115
    Location:
    Canberra, ACT
    I use CommSec. Decent rate, especially for small players like myself, and they just increased their lend on most of Platinums funds to 75%, which is great for me. Hmm, I wonder if it has anything to do with the float they are broking.:rolleyes:

    BR