LOMBARD LOAN
Maximize your buying power
As an investor, you want your money to be a source of opportunities. A lombard loan is a simple way to boost your portfolio exposure and increase your available cash.
Access rates
starting from 1%
Benefit from market-leading loan rates starting from 1% and ultra-competitive commissions.
Boost your trading
or withdraw cash
Increase your portfolio exposure
with added leverage on stocks, ETFs, bonds and mutual funds, or withdraw cash for your personal use.
Get a loan in a few simple steps
Use your portfolio to support your loan, whenever you need it. Request your loan online in just a few steps.
Enjoy full freedom and flexibility
Get your loan in CHF, EUR, USD and many other currencies. No minimum loan amount imposed.
What is a Lombard loan?
Ultra-competitive loan rates
| Currency | Classic | Platinum | VIP |
|---|---|---|---|
| CHF | 2% | 1.5% | 1% |
| EUR | 3.91% | 3.41% | 2.91% |
| GBP | 6.24% | 5.74% | 5.24% |
| USD | 6.35% | 5.85% | 5.35% |
Lombard Loan risks
More about Lombard Loan
Lombard Loan lets you borrow money for investing in a wide range of assets such as stocks, ETFs, bonds and mutual funds by putting up eligible instruments in your account as collateral. This means that you can add leverage to your investing and take positions larger than your current cash balance and/or holdings.
Lombard Loan also allows you to withdraw cash for your personal use at any time.
In short, Lombard Loan boosts your buying power when you invest in eligible instruments and increases your cash availability should you need extra liquidity. The loan acts as a simple credit facility, in the form of a debit balance on your chosen sub-account. The amount you can borrow is determined by the collateral value of the eligible assets in your account.
If you already have an account, you can enable Lombard Loan (referred to as Margin Lending on our platforms), under My Profile > Your account > Enable Lombard Loan.
Your buying power is the amount of money available on your account for investing.
Saxo allows a percentage of your investment in eligible assets to be used as collateral in order to borrow money to increase the size of your position. That way, your buying power increases. It is calculated as a function of your available cash and the collateral value of eligible assets in your account.
The collateral value of an eligible instrument depends on the risk rating of that individual instrument. The risk rating takes into account metrics such as volume, liquidity, as well as market risk. You can find the collateral value of eligible instruments under Trading Conditions > Instrument or in the Collateral column available on the Saxo platforms. You can also see the collateral value of a specific instrument on the trade ticket in the platforms.
When cash is withdrawn using your portfolio as collateral or when a trade is funded by a loan (whether entirely or partially), an interest rate on the borrowed amount will be charged to your relevant sub-account in the respective currency. The loan amount is assessed daily based on the negative cash balance on each relevant sub-account in the respective currency.
The loan interest is calculated daily, and will start accruing from the settlement date of the loan-funded position, and is booked to the loan amount at the start of each calendar month.
Below is an illustration1 of a CHF 100'000 loan at a rate of 2% : Saxo Ask Rate of 0% and add-on rate of 2%2 (Lombard Loan rate for Classic clients):
| Loan amount | Daily Interest Calculation | Accrued interest (not booked) | |
|---|---|---|---|
| 26 Jun 2025 (Day 1) | CHF 100'000 | 2% / 365 x CHF 100'000 = CHF 5.48 | CHF 5.48 |
| 27 Jun 2025 (Day 2) | CHF 100'000 | 2% / 365 x CHF 100'000 = CHF 5.48 | CHF 10.96 |
| 28 Jun 2025 (Day 3) | CHF 100'000 | 2% / 365 x CHF 100'000 = CHF 5.48 | CHF 16.44 |
| 29 Jun 2025 (Day 4) | CHF 100'000 | 2% / 365 x CHF 100'000 = CHF 5.48 | CHF 21.92 |
| 30 Jun 2025 (Day 5) | CHF 100'000 | 2% / 365 x CHF 100'000 = CHF 5.48 | CHF 27.40 |
| 01 Jul 2025 (Day 6) | CHF 100'027 | 2% / 365 x CHF 100'027 = CHF 5.48 | CHF 5.48 |
You can find the Lombard Loan interest cost under Trading Conditions > Trading rates on eligible assets. You will also find a breakdown of the charges to your account in the Margin Lending Interest Details report available on the platform.
Do note that interest will be charged on any negative sub-account cash balances, even if the aggregate cash balance on all your sub-accounts is positive.
1This example is used for illustrative purposes only and is without prejudice to any of Saxo’s rights as per the terms and conditions stipulated under the Lombard Loan Agreement. In the event of any inconsistency, the provisions of the Lombard Loan Agreement and/or General Business Terms shall prevail.
2Classic rate for a loan in CHF. Please see rates for other account tiers and currencies in the "loan rates" section above on this page.
A currency conversion rate will apply in cases where the currency of the instrument to be traded differs from the sub-account currency. When placing a trade using a Lombard loan, the sub-account corresponding to the instrument currency will be auto-selected. If you do not have enough liquidity on the relevant sub-account, you will incur a debit balance subject to interests on the relevant sub-account. You can find more information about our currency conversion fee here and find out how to open a currency sub-account here.
Do note that interest will be charged on any negative sub-account cash balances, even if the aggregate cash balance on all your sub-accounts is positive.
The total amount you can borrow depends on the collateral value of eligible assets in your account.
Each eligible asset has a risk rating from 1 (lowest assessed risk) to 6 which is used to determine the collateral value of the asset. As an example, a stock rated 1 can be collateralised up to 95% of the market value of the position. You can find the risk rating and associated collateral value of eligible instruments under Trading Conditions > Instrument or in the Collateral column available on the platforms.
In general, you need to monitor and ensure that your margin and loan utilisation remains below 100% at all times.
Prior to your margin and loan utilisation reaching 100%, you will receive margin calls notifying you that your margin and loan utilisation has reached 75% (or higher).
In the event of a margin call, you will be asked to provide additional collateral by adding funds to your account or to reduce your negative cash balance/margin positions.
Should you not take the actions required, Saxo may realize the collateral, close some or all of the open margin positions in your account(s) to reduce your margin and loan utilisation. Please be aware that, in such cases, all open orders will be cancelled. You can view your margin and loan utilization at any time in the platform under Portfolio Overview (of your main account) > Initial margin available tab.
For more information, please read our help article on Lombard Loan in our support center.
220,000+
Daily trades
1,200,000+
Clients
115+ bn
USD client assets
15+ bn
USD daily trade volume