Schwab Bank Pledged Asset Line®

A flexible line of credit for your financial needs.

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flexible credit options

Looking to enhance your borrowing power for real estate, business, or college expenses? A Pledged Asset Line from Schwab Bank is a flexible, non-purpose line of credit¹ that lets you leverage the value of your portfolio.

Secured by assets held in a separate Pledged Account maintained by Charles Schwab & Co., Inc., you can use your line of credit to access the funds you need while helping maintain your investing strategy.

This flexible line of credit can be used for a wide range of financial needs:

  • home icon

    New home purchase

  • Renovation icon

    Home renovation

  • business icon

    New business startup

  • calendar icon

    Tax payments

  • Education icon

    College tuition

  • Suitcase icon

    Dream vacation

Proceeds may not be used to purchase securities, pay down margin loans, or be deposited into any brokerage account.

Call 888-725-3630 or login to get started

Looking for a smarter way to borrow?

  • Flexible. Line amounts from $100,000 (required minimum initial advance of $70,000).
  • Convenient. Quick lending decisions whether applying online or with a representative.
  • Affordable. Competitive rates with no set-up fees or pre-payment penalties.

Before applying, please read the Pledged Asset Line Fact Sheet.

Affordable rates.

  • Loan Value Of Collateral at Origination
  • Index
  • Interest Rate Spread
  • Loan Value Of Collateral at Origination

    $100,000 to <$250,000
  • Index

    1-month LIBOR
  • Interest Rate Spread

    4.50%
  • Loan Value Of Collateral at Origination

    $250,000 to <$500,000
  • Index

    1-month LIBOR
  • Interest Rate Spread

    3.25%
  • Loan Value Of Collateral at Origination

    $500,000 to <$1,000,000
  • Index

    1-month LIBOR
  • Interest Rate Spread

    2.75%
  • Loan Value Of Collateral at Origination

    $1,000,000 to <$2,500,000
  • Index

    1-month LIBOR
  • Interest Rate Spread

    2.25%
  • Loan Value Of Collateral at Origination

    $2,500,000 and above
  • Index

    1-month LIBOR
  • Interest Rate Spread

    1.75%

Schwab Bank reserves the right to change any part of the interest rate after the Pledged Asset Line is established, including the LIBOR reference rate, interest rate spread, or post-demand spread.

The initial variable Annual Percentage Rate on the Pledged Asset Line, based on the loan value of the collateral pledged at origination, is the sum of one-month LIBOR plus the applicable Interest Rate Spread shown above. Pledged Asset Line amounts begin at $100,000 with a required initial minimum advance of $70,000.

Leverage the value of your investments.

Schwab Bank determines eligible collateral for your flexible line of credit, which generally includes

  • Marginable equity securities valued at or above $3/share at the time of funding and closing
  • Most mutual funds and exchange-traded funds
  • Certificates of deposit and cash
  • Many corporate, Treasury, municipal, and government agency bonds

Retirement assets are not eligible.

  • Have questions?

    You can talk to your personal Schwab Financial Consultant,
    speak with a Regional Banking Manager at 888-725-3630.

    (Monday through Friday, 8:30 a.m. to 8:00 p.m. ET)
  • Considering a line of credit?

    To get started just

Request more information.

Contact us for further information or see FAQs below.

See if your securities may be eligible to be used as collateral for your line of credit.