Can I transfer both my shares and loan from another lender to CommSec?
Yes. This is referred to as refinancing your loan. If you are new to CommSec you can do this as part of the application process for a CommSec Margin Loan. You can nominate to have all or part of your existing loan refinanced. To get started, select Join Now and then Margin Lending on our homepage.
If you are an existing CommSec Margin Lending client, CommSec can refinance all or part of your loan from your current lender.
Please note: that if your loan is calculated to be in buffer or margin call at the time of refinancing, action must be taken by you to reduce your gearing levels (increase your percentage of equity) prior to CommSec accepting the transfer.
To initiate this request, log in to your CommSec trading account and complete a "Refinance Request Form" which you can find online at: Help > Forms & Brochures > Margin Lending
CommSec Margin Lending facilities are provided by the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 and administered by its wholly owned but non-guaranteed subsidiary Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec), a participant of the ASX Group. Please consider the Terms and Conditions issued by the Bank available from www.commsec.com.au before making any decision about the CommSec Margin Loan. As this information has been prepared without taking into account your objectives, financial situation or needs you should, before acting on this information, consider its appropriateness for your circumstances.
