[rryyan]

Hello HN, M1 Finance is introducing our newest feature today: M1 Borrow. M1 already lets you invest in the stocks you want for free, and now we also offer a simple, low-cost way to borrow against your portfolio.

Borrow up to 35% of your account value instantly at 3.75% APR and pay back anytime. Use the funds for any purpose: make a large upfront purchase (car/wedding/remodel/etc.) without selling positions, refinance other debt, or just leverage your portfolio.

I lead the product team at M1, and would love your feedback!

[Veraticus]

This is pretty exciting; having margin available for the less-than-ultra-wealthy is neat. What's the minimum amount necessary to invest that gives access to borrowing?

[rryyan]

Taxable (non-IRA) accounts with at least $25k are eligible to borrow against.