How is interest charged?

With M1 Borrow, you will be charged interest at the end of every month—you’ll only pay for the line of credit you borrow. 

You'll receive a statement each month that displays the range of dates covered in the bill, as well as the amount of interest accrued. 

M1 Finance Borrow billing information (next bill date, interest accrued, projected bill) in Borrow tab

The interest amount due is deducted from your cash balance (if available), or it will be added to your amount borrowed.  

If you have no cash available and have already used all credit available, M1 will sell holdings in your portfolio to cover your interest.  



Using margin involves risks: you can lose more than you deposit, you are subject to a margin call, and interest rates may change. To learn more about the risks associated with margin loans, please see our Margin Disclosure. M1 Borrow available on margin accounts with a balance of at least $5,000. This does not apply to retirement accounts.


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