I'm currently working with a local bank to get a line of credit using my stocks as collateral. This particular line of credit doesn't require the stocks certificate to be transferred to the lender. They agreed to lend up to 80% of the value of my portfolio with an interest rate of 5.5 to 6%. I thought this was a fantastic deal until I was told that some of the bigger banks are offering the same products with interest rates below 3%. Based on this a talked to Chase Bank and they said they do have this product with interest rates below 3% (base on Libor), however, for the same portfolio they would only lend up to 50% of the value of it and it requires a portfolio size of at least 500k$. So that option won't work for me. 

Has anyone had experience with these type of line of credits in Texas either with smaller local banks or bigger firms? Anything around better than 5.5 to 6% with 80% of the portfolio value for a ~200k$ portfolio? 

I know I'm giving very general information and that a lot of this will depend on the stocks held on the portfolio and how volatile they are considered as well as the person borrowing but I just wan't to have a general feeling of what people is doing out there and potentially get some additional contacts for banks working with these type of line of credit. 

Thanks, Carlos