Skip To Content
Lending

Lines of credit

Access flexibility in how you can borrow

  •  
    Bank of America Loan Management Account®(LMA® account)

    Use eligible investments in your Merrill brokerage account as collateral for multiple loan from Bank of America.

  •  
    Bank of America Home Equity Line of Credit

    A flexible, generally lower rate way to access funds from a portion of your available home equity to help pay for the things that are most important to you help meet your personal financing needs.

  •  
    Merrill Margin Lending Program

    An extension of credit based on eligible securities you pledge as collateral from qualified Merrill brokerage accounts.

Talk to your advisor about how these solutions might fit into your financial strategy.
Not a Merrill client?
Have questions for your financial advisors?
Connect with to continue the conversation
Explore our other borrowing solutions
Explore Bank of America's
other borrowing solutions

Creative solutions for your personal
and business needs.

 

The Loan Management Account® (LMA® account) is a demand line of credit provided by Bank of America, N.A., Member FDIC. Equal Opportunity Lender. The LMA account requires a brokerage account at Merrill Lynch, Pierce, Fenner & Smith Incorporated and sufficient eligible collateral to support a minimum credit facility size of $100,000. All securities are subject to credit approval and Bank of America, N.A. may change its collateral maintenance requirements at any time. Securities-based financing involves special risks and is not for everyone. When considering a securities-based loan, consideration should be given to individual requirements, portfolio composition and risk tolerance, as well as capital gains, portfolio performance expectationsand investment time horizon. The securities or other assets in any collateral account may be sold to meet a collateral call without notice to the client, the client is not entitled to an extension of time on the collateral call, and the client is not entitled to choose which securities or other assets will be sold. The client can lose more funds than deposited in such collateral account. The LMA account is uncommitted and Bank of America, N.A. may demand full repayment at any time. A complete description of the loan terms can be found within the LMA agreement. Clients should consult their own independent tax and legal advisors. Some restrictions may apply to purpose loans, and not all managed accounts are eligible as collateral. All applications for LMA accounts are subject to approval by Bank of America, N.A. For fixed rate and term advances, principal payments made prior to the due date will be subject to a breakage fee.

 

You are invited to apply for a Home Equity Line of Credit (HELOC). This is not a commitment to lend; you must submit additional information for review and approval.

 

Banking, mortgage and home equity products offered by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Home Icon for Equal Housing Lender Equal Housing Lender. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.

 

X

You need to answer some questions first

Then we can provide you with relevant answers.

Get started