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Charles Schwab margin loan review

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.


Min. Loan Amount$1,000
Max. Loan Amount$500,000
APR8.07% to 9.82%
Interest Rate TypeFixed

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

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Name Product Filter Values APR Min. Credit Score Loan Amount
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SoFi personal loans
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Monevo personal loans
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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.

Frequently asked questions


Review by

Kellye Guinan is a seasoned financial writer with over 500 articles under her belt spanning all things loans from auto to personal to business and everything in between. With four years in the field and five years of research experience, she's able to make complex personal finance decisions easier for anyone to tackle. When she's not up to her knees learning about the latest trends in lending, she spends her time improving her own financial literacy and expertise — and maintaining a Duolingo streak of over 1,300 days.

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.

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    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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