This is a loan that uses stock you own as your collateral. That means you continue to get the benefits of dividends or stock splits while also getting to use the cash you’ve borrowed against it.
You can borrow up to 70% of the value of stock you hold at 元素 in an LPL account, 须经批准. The funds are held in an LPL Collateralized 贷款 Account. The variable interest rate is indexed to Prime 率 as published in The Wall Street Journal.1
Easily manage your loan activity with 利记 and the 元素 手机应用程序. You can access funds in as little as one business day after your loan is finalized. Funds will be available in the 元素 account of your choice or sent to you via check.
Pay off your loan in regular monthly payments.