ETF NAB Equity Builder Alternative

Discussion in 'Shares & Funds' started by Chris21, 9th Oct, 2021.

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  1. Chris21

    Chris21 Well-Known Member

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    NAB closed opening new accounts last year when they couldn't keep up. I put my expression of interest to open a new account but it looks like it is not going to happen anytime soon.

    Are there any other products similar to NAB Equity Builder anyone could recommend?

    Looking at about 30K leveraged out to 100K initially, but then planning to extend that to 100K/300K in a year or two. It's for ETFs primarily.
     
  2. DanW

    DanW Well-Known Member

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    See this thread, particularly yesterdays posts.
    NAB Equity Builder - too good to be true?

    If you submit the paper forms, they'll usually start assessing it.

    I don't know of any other comparable product that doesn't have margin calls.
     
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  3. Chris21

    Chris21 Well-Known Member

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    Awesome. Thanks
     
  4. Baker

    Baker Well-Known Member

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    Westpac have something but it’s now also closed to new business.
     
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  5. Baker

    Baker Well-Known Member

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    Adelaide & Bendigo owned:

    Investment funds multiplier

    If there's a margin call, you get to pay in instalments rather than one hit. Buys you time.

    Rates are a bit high.
     
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  6. mkbonline

    mkbonline Well-Known Member

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    IB has cheapest margin lending rates but you will get margin calls unlike nab equity builder