Hi Guys Im a newbie to the forum so excuse the basic question I was thinking about a obtaining a margin loan of say $20K to match my $20K and investing it in either a manged fund or self selected shares... Can anyone tell me in layman's terms how the margin loan works? Do I pay the principal and the interest in monthyl instalments or is it just the interest? If its only the interest and the loan term is only 2 years what happens at the end of this period- do I have to sell the shares to pay the principal back.. In terms of tax efficiency- am I right in thinking that I can use the interest cost as a set off against my taxable income. Thanks for your help in advance.