Welcome to Geared Investments Loan

  • We offer Investment Loans for clients who use the services of a financial adviser or broker. 

    Formerly known as CommSec Adviser Services, we are one of Australia's leading providers of investment loans that allow you to borrow to invest in shares and managed funds, whilst supporting both you and your financial advisers and brokers, who operate on your behalf. 

    Servicing advisers from over 700 dealer groups, and with roots stretching back to 1996, we understand the challenges clients and advisers face when it comes to managing an investment loan during all market cycles. 

    • We offer the Geared Investments Loan to Retail Clients
    • Corporate and Trust Entities 
    • Wholesale Clients

    Speak to your financial adviser or broker to see if this product is suitable to you. 

Why choose us?

  • Experience 

    • We’ve had a history of providing award-winning and innovative gearing solutions to Australian advised investors, through businesses including Colonial Geared Investments and CommSec Adviser Services
    • Our experience enables us to provide you and your adviser with the relevant support you need, to help you grow your portfolio
  • Strength

    • Geared Investments Loans are issued by the Commonwealth Bank of Australia
    • We are committed to responsible lending. Access a wide range of accepted securities including shares, managed funds, Separately Managed Accounts and Investment platforms
  • Service

    • We understand advisers and their clients so that we can better meet their needs. Our dedicated Adviser Service Team, Relationship Managers and network of BDMs ensure support is never far away.
  • Support

    • Our dedicated Geared Investment Loan website gives you and your adviser all the tools you need to monitor and manage your portfolio's performance, including online loan position, online transfers, loan statements, holdings, lending simulators and case studies

How it works

  • We offer investment loans for advised clients who use the services of a financial adviser.

  • Once your adviser has established a Geared Investments Loan for you, transfer your existing shares, managed funds or cash into it as collateral. We calculate the lending value, which determines how much you can borrow. Your adviser can then use your available funds to make investments, which combine with your original collateral to form your overall portfolio.

    • Buy, sell, transfer cash within your loan’s approved limits
    • Your gearing level moves with the daily price movements of your portfolio and your transactions
    • Monitor your gearing level to ensure it stays below the approved limit
    • Interest is calculated daily on your loan balance, and paid according to your loan arrangement
    • Check which shares and managed funds we lend against


Accelerate your wealth creation: Boost your potential capital growth and income by using your Investment Loan to buy more shares or managed funds for your portfolio.


Diversification across varied companies, industries and countries, can help manage your investment risk. The extra purchasing power of our Investment Loan allows you to diversify as opportunities arise.

Unlock equity

Realise the equity in your portfolio - harness its borrowing power with our Investment Loan. Defer capital gain (and loss) events, and build a larger portfolio at the same time.

Invest tax effectively

Obtain potential tax deductions by claiming interest expenses. Bring forward interest expenses by prepaying interest. Potentially reduce your tax liability by buying more stocks that pay franked dividends.

Build wealth over time

A regular gearing plan combines the power of gearing with the discipline of regular savings, helping you build wealth over the long term. 

Flexible investing

Choose from a range of interest rate and repayment options - with no minimum loan balance requirements - to create the Investment Loan that suits you best.


If at any time you need to access the capital in your loan security, you can sell assets and transfer available funds online - effectively having cash on call when you need it.


  • Borrowing to invest can multiply investment returns in a rising market. However, it can also multiply investment losses if the market declines and your investments perform poorly. Some of the risks of using an investment loan include:

    • Returns and losses will be magnified, for both positive and negative returns
    • Interest rates may rise, increasing interest costs
    • Borrowing limits may be reduced, increasing the potential for a Margin Call
    • Margin Calls may require the sale of assets at unfavourable prices
    • Taxation legislation may change

    Managing the risks of an investment loan

    There are ways to manage the risks associated with an Investment Loan. They include:

    • Don’t borrow to the maximum permitted gearing level (i.e. the Base LVR)
    • Ensure that your portfolio is adequately diversified
    • Reinvest distributions and dividends
    • Pay your interest costs instead of capitalising them
    • Don’t rely on investment income to cover your interest costs
    • Have a cash reserve available to avoid or cover Margin Calls
    • Regularly review your portfolio and gearing level
    • If your account is in buffer, use the time to be proactive and avoid a Margin Call
    • Regularly monitor your loan position and be prepared to take action quickly

Managing Gearing Levels

Gear the right portfolio. Hold a diversified portfolio, manage market entry, invest for the long term
Understand the risks and know the costs. Know how investment lending works, understand the costs involved, understanding the implications of capitalising interest
Manage your LVR. Don’t fully gear, keep some cash in reserve, manage your LVR before a margin call

Monitor your loan to avoid triggering a Margin Call

It is important to regularly monitor the status of your Investment Loan. A downturn in the market or a reduction in the borrowing limit of a listed security or fund securing your investment loan may move your Current LVR closer to your Base and Margin Call LVR.

Investors should always aim to keep their Current LVR below the Base LVR – the maximum permitted level of gearing. Once the Current LVR moves above the Base LVR, the investment loan is in the ‘Buffer’. If the Current LVR reaches and exceeds the Margin Call LVR the investor will be in Margin Call and will be required to bring the Current LVR back below the Base LVR. This is usually done by reducing the loan balance and/or adding approved securities to the portfolio.

Fees & charges

Effective from 01 July 2016.

This information can be found in the Geared Investments Loan Product Disclosure Statement (PDS).

Early Repayment Adjustments
Fixed Interest Rate Loans: An early repayment adjustment may be payable after allowing for a refund of any interest paid in advance. The fee is calculated using the criteria in the Geared Investments Terms and Conditions.
Dishonour Fees
Any cheque or direct debit rejection will incur a fee of $30. This fee will be charged to the loan account at the time of the rejection or on termination of the loan facility.
Personal Property Securities Register (PPSR) Registration Fee
A government fee may be payable to register or amend the registration of the Security Interest on the PPSR.
Trust Investigation Fee
A minimum fee of approximately $200 will apply for Trust Deed Investigation if a Trust is the borrower or security provider to the loan and the Trust’s total loan exposure to the Bank will be greater than $500,000. The fee will be charged to the loan, unless there is insufficient collateral, in which case we will debit the nominated bank account.
Off Market Transfer Fee
A fee of $27.50 per security is applicable when completing an Off Market Transfer.

Interest rates effective from 17th June 2022

Interest rates are subject to change without notice.

All fixed rates are indicative only. Other fixed terms and firm rates available on application. If you have any questions please contact your BDM, Relationship Manager, or call our team on 13 15 20.

Interest paid yearly in advance
Interest paid monthly in arrears
Variable Rate
6.25% p.a.
1 Year Fixed Rate
5.99% p.a.
6.04% p.a.
2 Years Fixed Rate
6.75% p.a.
6.80% p.a.
3 Years Fixed Rate
6.99% p.a.
7.04% p.a.
5 Years Fixed Rate
7.25% p.a.
7.30% p.a.

Tools & forms


  • Fixed vs Variable Interest Calculator

    This calculator allows you to determine the potential interest savings between a fixed and variable interest rate on your loan balance over different terms.

  • Geared vs Non-geared Break-even Calculator

    Have you ever wondered what investment returns are required before a geared investment strategy will outperform a non-geared one? This calculator will determine the minimum capital growth rate or income yield that will result in a geared investment strategy outperforming the non-geared equivalent.

  • Cash Flow Neutral Gearing Calculator

    This calculator helps an adviser develop a cash flow neutral gearing strategy for their clients by establishing the minimum income yield required or maximum gearing level that achieves a cash flow neutral to positively geared investment strategy.

  • Investment Loan Gearing Simulator

    Our Investment Loan Gearing Simulator is designed to allow advisors to quickly and easily demonstrate the advantages of utilising a geared investment strategy over a non-geared investment strategy. It outputs the expected outcome of each strategy over the specified term, offers special features and also allows for regular gearing plans.

Case studies 

  • Creating a Portfolio with Gearing

    Borrowing to invest (often referred to as gearing) offers the potential to grow wealth at a faster rate when compared to not gearing. Using a Geared Investments Loan, clients can invest into listed securities or managed funds and potentially accelerate their returns.

    Read more

  • Starting Out

    Even with the best intentions and a good income, building wealth can be a slow process - especially if you want to enjoy life at the same time. But with savings, a budget and the right financial advice, you can create an investment portfolio and reach your goals sooner.

    Read more

  • Using Your Business to Accumulate Wealth

    Aside from the day-to-day issues of managing a business, it's also important to plan for the future and invest wisely. Should you pay off debt, expand the business, or diversify into other income producing assets? With the right advice you can develop a strategy that will maximise your wealth and generate additional income.

    Read more

  • Using Investment Income to Build a Larger Portfolio

    For many Australians the idea of borrowing money to create a larger investment portfolio seems out of reach. With income allocated to rent or a mortgage, living expenses and the occasional holiday, finding the extra cash to meet interest costs seems almost impossible. But with the right financial advice, many Australians can build a larger investment portfolio by using investment income to meet interest costs.

    Read more

  • Using Your Shares to Build Wealth

    Most successful investors would agree that the hardest part was getting started. Having a goal in mind, setting a budget and picking what to invest in are all parts of the typical plan, but is it possible to start investing sooner and achieve your goals earlier?


    Read more

Frequently asked questions

Contact us

Meet the team

  • NSW

    Jason Sivyer
    National Manager
    0410 664 924 

    Lisa Schindler
    Business Development Manager 
    0412 187 052 

  • ACT

    Lisa Schindler
    Business Development Manager 
    0412 187 052


    Jason Sivyer
    National Manager
    0410 664 924 


    Jason Sivyer
    National Manager
    0410 664 924

  • WA

    Jason Sivyer
    National Manager
    0410 664 924


    Jason Sivyer
    National Manager
    0410 664 924

Things you should know

  • The Geared Investments Loan is provided by the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and ACL 234945 and administered by its wholly owned but non-guaranteed subsidiary Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814, a market participant of the ASX Limited and Cboe Australia Pty Limited (formerly CHI-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. 

    This information contains general advice and has been prepared without taking into account your objectives, financial situation or needs. You should consider its appropriateness, having regard to your objectives, financial situation and needs. Investors should read the relevant disclosure document and seek professional advice before making any decision based on this information.