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What happens if I default on my loan?

If you are unable to meet the terms of your EasyCredit loan, money will be recouped from your free cash or, if not available, shares that you own will be sold to cover the cost of the loan and the capital amount. Thereafter, the loan account will be closed. 

The full value of the loan is only payable at the end of the term.

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In respect of FSRs, EasyEquities acts as principal to a contract for difference issued to the investor, where the investor will have a contractual claim against EasyEquities to the economic benefits and risks associated with share ownership (price movements and dividends) without having ownership rights in the underlying share. Fractional share rights (FSRs) which are issued through a contract for difference, are an over the counter derivative. Unlike whole shares, FSRs do not carry any voting rights. As the investor makes further investments in FSRs and ultimately ends up with a whole share, the contract for difference is closed out and ownership whole share is delivered to the investor.

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