You have the option to create an automatic payback schedule by going to the home screen, selecting "Move Money," selecting "Recurring Transfer," and inputting your transfer details with Borrow as the "To" account.
You can also use recurring transfers to make sure that your Individual/Joint Brokerage Account or Trust Account is funded with sufficient cash to take care of your monthly interest payments.
You can set your auto-invest minimum threshold to be higher than your monthly M1 Margin Loan interest amount to make sure your Invest cash balance is not automatically invested before your Margin Loan interest is billed.
Learn how to set your auto-invest minimum threshold.
Brokerage accounts on the M1 platform are either fully disclosed to APEX Clearing or cleared through M1 Finance LLC. Please look at your account statement to determine how your account is cleared.
All investing involves risk, including the risk of losing the money you invest. Past performance does not guarantee future performance. Using margin can add to these risks. Users utilizing APEX cleared margin accounts should review the APEX margin account risk disclosure before borrowing. Users utilizing M1 cleared margin accounts should review the M1 margin account risk disclosure before borrowing. M1 Margin Loans are available on margin accounts with at least $2,000 invested per account. Not available for Retirement or Custodial accounts. Margin rates may vary.
Brokerage products and services are offered by M1 Finance LLC, Member FINRA / SIPC, and a wholly owned subsidiary of M1 Holdings, Inc.
All examples above are for informational purposes and should not be considered an offer to buy or sell certain securities. M1 does not provide investment advice.