What is a Stock-Secured Loan?
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.
How it Works
You can borrow up to 70% of the value of stock you hold at Elements in an LPL account, subject to approval. The funds are held in an LPL Collateralized Loan Account. The variable interest rate is indexed to Prime Rate as published in The Wall Street Journal.1
Easily manage your loan activity with Online Banking and the Elements Mobile App. You can access funds in as little as one business day after your loan is finalized. Funds will be available in the Elements account of your choice or sent to you via check.
Pay off your loan in regular monthly payments.