Stock Loans » Easy Stock Loans FAQ

Easy Stock Loans FAQ

What is a non-recourse stock loan?

A non-recourse stock loan is a type of loan where you place investment securities as collateral against the loan. This is the only collateral you put up, and the only item you risk losing in the event you default on the loan. We have no recourse against you or any of your other assets, other than the ones pledged as collateral.

 

Do I qualify for a non-recourse stock loan?

Many people who do not qualify for other loans such as margin loans may still be eligible to receive a non-recourse stock loan. The only way to fully guarantee your eligibility is to contact an Easy Stock Loans representative to discuss your options.

 

Does my credit matter?

When you are borrowing money against pledged securities your credit does not matter. The amount you will be borrowing will be covered 100% by the value of your pledged assets.

 

Are there any income requirements?

As with your credit, your income does not factor into the decision-making process when analyzing your eligibility for a loan. Your pledged assets will again be the only thing that determines your eligibility.

 

What is the best way to contact you?

The best way to contact Easy Stock Loans is to either call us directly at 866-867-7585 or to reach us by filling out the form on the “Contact Us” page of our website.

 

Can I repay my loan early?

You may repay your loan at any time before the maturation date, but you may incur fees or penalties if not explicitly stated otherwise in your loan contract. This is something that should be discussed with your Easy Stock Loans representative before you commit to anything.

 

What happens if a loan payment is late?

Interest payments must be made on time to keep your account in good standing and prevent further actions against your securities. The late payment terms will also be detailed in your loan contract and should be considered before committing to anything.

 

What happens if my pledged assets lose value?

In the event your pledged assets lose value, you may be liable to make up this difference either though pledging additional assets or through a cash payment. If the assets lose value, the difference will need to be made up with some form of consideration.

 

Are your services limited to any country?

Yes, currently Easy Stock Loans only services United States citizens.

 

How long are your typical loans?

Our typical loans range in duration from 24 months to 36 months, but a custom solution can be tailored to meet your needs, whether that is shorter or longer-term needs. The duration of your loan is a key consideration that should be discussed with your Easy Stock Loans representative.

 

Can I extend my loan at the end of the duration?

At the maturation of your original loan, you may be eligible for an extension or to seek an entirely new loan. If you would like the option to extend your loan at the end, this is something that can be discussed and then detailed in your loan documents.

 

Is there a minimum or maximum amount I can borrow?

Currently, there is no minimum or maximum amount you may borrow, it all depends on the value of the securities you plan to pledge as collateral. There is a minimum loan to collateral value, but there is no minimum or maximum amount you may borrow.

 

How long does the application process take?

We have tried to make the application process as quick and painless as possible. The most time-consuming part of the entire process is gathering and submitting your documentation. Once all of the documentation is received it usually takes us less than 2-3 business days to make a decision.

 

How long will it take to get my funds after the application is approved?

After your application is approved, we will initiate a deposit into a United States bank account of your choice. This deposit usually takes 48-72 hours to be available in your account.

 

Do you work with businesses also?

We do work with businesses who have non-marginable securities that they would like to turn into liquid assets. This is a great option for businesses to gain capital on hand while retaining assets.

 

Do you have staff to walk me through the process?

Yes, Easy Stock Loans representative are on hand during normal business hours to walk you through the borrowing process and discuss the range of options available to you.

 

Where are you located?

Easy Stock Loans is a US based company located in Salt Lake City, Utah.

 

Will my interest rate be fixed?

Interest rates are not fixed and may change any time during the duration of your loan. You should consider this before committing to any financial products.

 

What if the value of my pledged assets goes up?

If the value of your pledged assets goes up, that is great and signifies the importance it was to maintain those assets instead of selling them. In this event, you still cannot pull the assets out, until the end of your loan term.

 

Will the pledged assets have to be transferred out of my account?

The assets used as collateral will have to be transferred out of your account and into an intermediary account used to hold the securities. You can rest assured knowing your assets are safe with Easy Stock Loans. A contact of ownership will be drawn up outlining the procedures for transferring the assets back to you at the end of your loan term.

 

What can the borrowed funds be used for?

You are free to use your borrowed funds for anything you need or want. The funds are yours to use; we only ask that you maintain good standing on your loan payments.

 

What does non-recourse mean?

Non-recourse means the lender has no recourse against the borrower or any of the borrower’s assets, outside of the assets pledged as collateral for the loan, this type of loan can protect the borrower.

 

Is a non-recourse stock loan risky?

A non-recourse stock loan carries risk to the assets you pledge but does not risk yourself or any other assets you may have. So yes, it comes with risk to your pledged assets, but only your pledged assets, unlike a margin loan which technically could result in the loss of your initial investment and then some.

 

Are there any tax implications from a loan?

There are not any tax implications with our loans; you could actually save and prevent yourself from having to pay taxes on the sale of assets if you keep maintain ownership and pledge them as collateral instead of selling them. Any additional tax questions should be discussed with a licensed tax representative in your local jurisdiction.

 

Will I get any monthly or quarterly statements regarding my account?

Yes, as will be outlined in your loan documents you will receive regular account updates and statements to the address you request. You are encouraged to review these for errors or discrepancies and keep them for your personal records.

 

What if I want to swap out securities used as collateral for other securities?

You are eligible to swap out securities at any time if you deem it beneficial to your portfolio. We do not lock you in if you think the securities are going to fall I value. We only require that the stocks you substitute cover the required value placed on your loan. This is something you should get in your loan documents defined clearly if you think you may encounter this situation.

 

What type of securities can be used as collateral?

Since our lending products are only offered to United States citizens, you must place US securities as collateral with us. Most any security publically traded on a United States index will suffice.

 

What if I have other questions?

If you have any other questions after reviewing our website and this FAQ, you are encouraged to contact us either by phone or email, and we will answer any additional questions you may have.