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Charles Schwab margin loan review

Last updated:  

Use your investment portfolio as collateral for this line of credit.

  • Best for current Charles Schwab brokerage account holders.
  • Pick something else if you don't want to use your account as collateral.


Max. Loan Amount

8.07% to 9.82%



Product NameCharles Schwab margin loans
Min. Loan Amount$1,000
Max. Loan Amount$500,000
APR8.07% to 9.82%
Interest Rate TypeFixed

Expert review

Kellye Guinan

Review by

Kellye Guinan is a writer and editor with Finder and has years of experience in academic writing and research. Between her passion for books and her love of language, she works on creating stories and volunteering her time on worthy causes. She lives in the woods and likes to find new bug friends in between reading just a little too much nonfiction.

Expert review

A margin loan can give you access to money in your Charles Schwab investment portfolio without having to sell off any of your securities. It’s ideal if you’re looking to borrow more than $100,000 — where most providers cap out their personal loans. And its flexible repayment schedule means you won’t be tied to a fixed monthly payment.

But it comes with a great deal of risk. Should the market take a hit, you might be issued a maintenance call to deposit more funds. And interest rates can change without notice.

Don’t want to use your investment portfolio as collateral? Compare unsecured personal loan options below.

First, am I eligible?

At the very minimum, you need to meet the following criteria to qualify for a Charles Schwab margin loan:

  • Have an eligible brokerage account with Charles Schwab
  • Have at least $2,000 in cash or marginable securities


  • Draw as much as you need from your portfolio — up to 50%
  • Flexible repayment schedule
  • No extra paperwork required
  • Interest may be tax-deductible


  • Must have an eligible brokerage account
  • Borrowing on margin is risky
  • May be issued a maintenance call to deposit more funds
  • Interest rate could change without notice

Compare more personal loan options

Data indicated here is updated regularly
Name Product Filter Values APR Min. Credit Score Max. Loan Amount
Credible personal loans
4.99% to 35.99%
Fair to excellent credit
Get personalized rates in minutes and then choose an offer from a selection of top online lenders.
Monevo personal loans
3.49% to 35.99%
Quickly compare multiple online lenders with competitive rates depending on your credit.
Fiona personal loans
4.99% to 35.99%
Get loan offers from multiple lenders at once without affecting your credit score.
LendingTree personal loans
Starting from 2.49%
Good to excellent credit
Receive up to five loan offers in just minutes through LendingTree's simple online form.
SoFi personal loans
5.99% to 18.28%
A highly-rated lender with competitive rates, high loan amounts and no fees.

Compare up to 4 providers

How do I apply?

You can apply for a Charles Schwab margin loan by calling 877-752-9749 or visiting your local branch to speak to an investment specialist.

What information do I need to apply?

Because the margin feature is included with your brokerage account at the time of setup, you won’t need to provide any extra information to start borrowing on margin.

What happens after I apply?

You can now begin drawing from your brokerage account by using a debit card, writing a check or requesting a wire transfer. Charles Schwab requires you to maintain a minimum amount of equity in your account — typically around 30% of the total account value.

How do repayments work with Charles Schwab?

Provided you maintain minimum equity, your margin loan will be free from a set repayment schedule. However, interest will continue to accrue until your loan is repaid. Create a repayment schedule with your financial adviser in order to mitigate risks and pay off your loan if maintenance requirements or interest rates rise.

Not sure it’s right for you? You might want to compare unsecured personal loans instead. Or explore other loans available at Charles Schwab.

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  1. Default Gravatar
    March 5, 2020

    How do I send the repayment from a loan I took from my IRA account?

    • Avatarfinder Customer Care
      March 7, 2020

      Hi Veronica,

      Thanks for reaching out to Finder.

      If the loan you are referring to is the IRA rollover provision that lets you withdraw funds from your IRA for 60 days, you can re-deposit the funds/payment to your original IRA or to a new retirement account.

      I hope this heplps.


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