Your bill will be available at the end of each month, and you will only need to pay interest for the M1 Margin Loan.
Daily interest accruals are grouped by calendar month and charged on the third trading day of the following calendar month.
You can view your payment due date in the Borrow Tab as shown below:
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 review the M1 Margin Loan account risk disclosures before borrowing. M1 Margin Loan available on margin accounts with at least $2,000 invested. Not available for all account types including M1 Traditional IRA, M1 Roth IRA, M1 SEP IRA, M1 Custodial, and some M1 Trust Accounts. Margin Loan rates subject to change.
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.