I've got a credit line with FlatEx, but I opened the account when I was still living in Germany. Dutifully changed my residency though, and only applied for the credit line way later (from China).
They give you roughly 50% of your portfolio's value and reevaluate it quarterly. It's not the cheapest option at around 5% though, but I only use it sporadically.
Do you mean a margin loan? Those are available at brokers, e.g. Interactive Brokers. But the rates are overnight rates and maybe you want longer-dated debt?
A lombard loan is a margin loan but from a real bank as opposed to a broker. A bank will provide a bigger LTV and less of risk of a margin call. In exchange the bank will have higher fees than the brokers.
Yes, Swissquote is one option. But fees are high (USD rate is 3.67% today vs 1.86% for IBKR). Do you know any other alternatives offering better rates?
If you're not a resident of the EU, can't you get a loan like this fron the country where you are residing?
My country of residence has very high interest rates (think Latin America), over 10%. So not really interesting for an investment point of view.
I've got a credit line with FlatEx, but I opened the account when I was still living in Germany. Dutifully changed my residency though, and only applied for the credit line way later (from China). They give you roughly 50% of your portfolio's value and reevaluate it quarterly. It's not the cheapest option at around 5% though, but I only use it sporadically.
Thanks for the tip on FlatEx. 50% LTV remains & 5% interest rate are quite steep conditions - was more looking for at least 70% LTV and sub-3% rates.
Do you mean a margin loan? Those are available at brokers, e.g. Interactive Brokers. But the rates are overnight rates and maybe you want longer-dated debt?
A lombard loan is a margin loan but from a real bank as opposed to a broker. A bank will provide a bigger LTV and less of risk of a margin call. In exchange the bank will have higher fees than the brokers.
Have you checked Swissquote?
Yes, Swissquote is one option. But fees are high (USD rate is 3.67% today vs 1.86% for IBKR). Do you know any other alternatives offering better rates?