Summary:
Savings Gearing through regular monthly contributions is increasingly popular. It combines a regular savings plan with a Margin Loan. Each month, customers provide a fixed equity contribution from their savings account. This is supplemented by a loan draw down from the Savings Gearing loan. These funds are combined and invested in approved Managed Funds.
Features
| Solid savings plan | Builds an investment portfolio month by month |
| Wide range of funds | Offers a large selection of Approved Managed Funds |
| Low initial customer equity contribution | $1,000 subject to Fund Manager requirements |
| Low on-going monthly equity contribution | $250.00 subject to Fund Manager requirements |
| Minimum initial loan | $1000.00 subject to Fund Manager requirements |
| Minimum monthly loan advance | $250.00 subject to Fund Manager requirements |
| Buffer protection | You have a buffer of 5% for ASX Listed companies and 10% for Managed Funds above the maximum lending ratios applying to your security |
| Monthly account statements | Keep track of your portfolio and loan details |
| Wide range of repayment options | Use branch deposits, Bpay or Direct Debit |
| Competitive interest rates | Variable rates and fixed pre-paid interest rate |
Securities List
Download the Approved Securities List (PDF, 195KB)
Fees
| Establishment fees | Individual Applicants - Nil Company Applicants - $150 per company Trust Applicants - $150 per Trust Please visit Margin Lending for more details. |
| Monthly Account Keeping Fee | Nil |