How do I pay back the principal?

M1 Finance pay back credit limitWhile interest is charged monthly, M1 Margin Loans do not have a fixed repayment schedule, and you can repay the principal on your terms (except in the case of a maintenance call).  

To make a payment, visit Borrow and select "Pay Back."   

You will be shown your current amount borrowed. Enter the amount you would like to pay back and select whether you would like to pay back the amount from your external bank, your Individual/Joint Brokerage Account or Trust Account the Margin Loan is from.  

If you select your Individual/Joint Brokerage Account or Trust Account the Margin Loan is from, your cash will be used first, but if your cash balance is lower than the amount you want to pay back, we will sell from your portfolio to make up the difference.  

After you review and confirm your changes, you will be able to view the payback schedule under Transfers. 

Learn how to automate your payments.


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. 

M1 disclosures here.

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