The loan amount (principal) can be paid back whenever you want if your account meets the margin requirements.
There is no set repayment schedule. Your interest will be billed monthly, but your margin loan amount can be paid back at any time.
Learn more about M1 Borrow billing.
If you have further questions, please contact us.
All investing involves risk, including the risk of losing the money you invest. Borrowing on margin can add to these risks, and you should learn more before borrowing. M1 Borrow available on margin accounts with at least $2,000 invested. Not available for all account types including retirement, custodial and some trust accounts. Margin rates subject to change.