Westpac Online Investment Loan
A Westpac Online Investment Loan may help you make the most of your money by using gearing to leverage your equities exposure.
Why choose a Westpac Online Investment Loan?
Designed for direct investors, and integrated with a Westpac Share Trading account, the Westpac Online Investment Loan may help you build a diversified share portfolio.
Investment options
Borrow against a wide range of acceptable listed securities
Online access
View and manage your account via the Westpac Margin Lending portal and Westpac Share Trading app
Low brokerage fees
Starting from $4.95^
Repayments and fees
Flexible repayments with no set principal repayment schedule, or margin loan fees
The details
Eligible borrowers
Individual or joint borrowers, aged over 18 years and residing in Australia.
Minimum credit limit and loan amount
Minimum credit limit of $20,000, no minimum loan amount.
Fees
No application, establishment or transaction fees.
Linked Westpac Share Trading account
You have the choice to link an existing or establish a new Westpac Share Trading account in the same name to your loan.
Online trading brokerage
Online trading brokerage fees (GST inclusive by transaction value):
- $4.95 (up to and including $1,000)
- $9.95 (over $1,000 up to and including $3,000)
- $19.95 (over $3,000 up to and including $10,000)
- $29.95 (over $10,000 up to and including $28,000)
- 0.11% (over $28,000)
Choice of acceptable securities
Choose from more than 500 listed securities with loan-to-value ratios (LVRs) between 35% to 75%. More information can be found on the Acceptable Securities page.
Tools to manage your loan
- 24/7 online access to both the Westpac Margin Lending portal and Westpac Share Trading app/website to view and manage your Loan
- Trade on the go through the Westpac Share Trading app
- Electronic buffer and margin call alerts
Potential risks
All investments are subject to risk. Some of the main risks associated with taking out a margin loan include:
- Borrowing to invest can increase your potential returns, however it can also increase potential losses.
- The value of securities may not go up, or if they do, the increase in value may not be sufficient to cover the costs of the investment.
- You need to ensure that you can fund your obligations under your loan, including any interest, fees, and charges. If you can’t, the securities will be sold to satisfy these obligations.
You should also consider the taxation consequences and seek independent professional tax advice.
Frequently asked questions
A Westpac Online Investment Loan is a margin loan which allows you to borrow money to invest in shares and managed funds, using your own money or existing portfolio as security.
- A margin loan gives you access to a larger amount of capital to invest and may create higher and accelerated returns in a shorter period of time.
- With more money to invest, you can build a more diversified portfolio across different types of investments.
- Borrowing against your existing portfolio of eligible shares and managed funds allows you to increase the size of your investments without having to sell.
- You may be entitled to tax deduction for interest expenses you incur under a margin loan.
The maximum amount of money that you may borrow depends on:
- The credit limit we provide to you following our assessment of your current financial position.
- How much money and/or securities you contribute.
- Which shares, managed funds or other securities you want to invest in.
- The loan-to-value (LVR) we apply to those investments. Different amounts are lent for different investments and the LVR is the percentage of the value of each of the acceptable securities in your margin loan portfolio. We determine what the LVR is for each security, and may change it at any time, including reducing it to zero.
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More information on margin lending
Things you should know
Westpac Online Investment Loan Facility Agreement (PDF 425KB)
Westpac Online Investment Loan Product Disclosure Statement (PDF 334KB)
BT Securities Limited Financial Services Guide (PDF 1MB)
^ Trade online from $4.95 when you settle through a Westpac Cash Investment Account, Westpac Online Investment Loan or Westpac DIY Super Working Account. Please refer to the FSG (PDF 2MB) for full brokerage rates. The Westpac Cash Investment Account and Online Banking are issued by Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714. Conditions, fees and charges apply. Read the Terms and Conditions before deciding.
Westpac Securities Limited ABN 39 087 924 221, AFSL 233723 (Westpac Securities) (trading as ‘Westpac Share Trading’) provides the opportunity to trade listed financial products through our arrangement with Australian Investment Exchange Limited ABN 71 076 515 930, AFSL 241400 (AUSIEX), a wholly owned subsidiary of Nomura Research Institute, Ltd. (NRI). AUSIEX is a Market Participant of ASX Limited (ASX) and Cboe Australia Pty Ltd (Cboe), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Neither AUSIEX nor Westpac Securities are representatives of each other. Westpac Securities is not a related party of AUSIEX, NRI, ASX or Cboe. Under this arrangement, all trading, clearing, settlement and stock sponsorship arrangements are directly with AUSIEX. AUSIEX is not authorised to carry on business in any jurisdiction other than Australia. Accordingly, the information contained in this website is directed to and available for Australian residents only.
BT Securities Limited ABN 84 000 720 114 and Westpac Banking Corporation ABN 33 007 457 141 are together the issuers of the Westpac Online Investment Loan - Product Disclosure Statement ('PDS'). This information has been prepared without taking into account your personal objectives, financial situation or needs so, before acting on it, you should consider its appropriateness in regard to these factors. The PDS and other disclosure documents are relevant when deciding whether to acquire or hold this product and can be obtained by phoning 1800 816 222 or online at www.westpac.com.au.