Pay Later (MTF) from 6.99%^

One of the lowest daily MTF interest rates starting @ 0.0192%

  • Lowest
    Rate of interest from 6.99%
  • No Limit
    on Holding Period
  • Funding
    Upto 80%
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Enter your current MTF details and discover how you can save with m.Stock’s Pay Later (MTF)
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What is Pay Later - Margin Trading Facility (MTF)

Pay Later (MTF) is an exchange approved product, which eliminates the problem of insufficient funding while you place a delivery trade. That is, with MTF, you can place a trade in the delivery segment with margin requirement as low as 20% and the remaining being funded by your broker.

Increased return potential

Increase your returns as a result of increased buying potential through MTF

Benefit from price movement

Advantageous for investors who want to profit from price movements in the short term

Increase percentage return on capital

Improve the percentage return on capital deployed / or initial capital

11 Reasons for using m.Stock’s Pay Later (MTF) Facility

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Lowest interest Rate

Now you can do MTF trading at one of the lowest interest rate in the industry

Funding Value m.Stock’s Effective Interest Rate
Up to ₹5 Crore 9.99%
Above ₹5 Crore 6.99%

MTF interest rate will be charged on the total funding amount availed from m.Stock irrespective of the number of positions taken.

Features m.Stock
1. Lowest interest Rate 6.99% - 9.99%
2. Pledging Pre-pledge
3. Pledge Charges ₹32^^
4. Holding Period Unlimited
5. Number of Scrips 700+
6. % Funding Upto 80%
7. Subscription Charges ₹0
8. Hidden Charges No Hidden Charges
  • 9. 3-Click Process

    With the quick & intuitive platform interface, you can trade in MTF in just 3 simple clicks

  • 10. Clear Tracking

    You can track all our MTF positions in 1 click under the positions tab in your app & web

  • 11. Superior Return on Investment

    With zero subscription fees and brokerage charges, your effective ROI increases manifolds

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High Funding. Low Interest with Pay Later (MTF)
Up to 80% funding | Interest from 6.99%

How to buy stocks using MTF on m.Stock?

All it takes is 3 simple steps to avail Margin Trading Facility @ m.Stock

Mobile Trading App
  • 1

    Select the Stock & Enter the Quantity

    Select the stock you want to purchase and enter the quantity. The amount of margin available will automatically reflect on your screen. Check the list of stocks available in MTF.

  • 2

    Pledge the Stocks

    Pledge the selected stocks before the order placement. It will be driven through the pledge process as defined by the Central Depository Services (India) Limited (CDSL).

  • 3

    Place the Order

    Place the buy order in one click and complete your purchase.

bxsoffer-img m.Stock’s Benefit

Since your shares are pre-pledged which is an exclusive feature offered by m.Stock, you don’t have to go through the hassle of authenticating it post taking the trade and also saving yourself from a much higher rate of interest.

Calculate your trading potential and brokerage savings with our MTF calculator

Customer Testimonials

Here's what the world has to say


Here's all you need to know about Margin Trading Facility

Margin Trading Facility (MTF), is a product where you get funding from m.Stock for buying stocks in the share market. This facility is exclusively for delivery trades only. m.Stock offers up to 80% funding on more than 550+ stocks with interest as low as 6.99% annually. The Pay Later (MTF) facility has no subscription fees or hidden charges and is absolutely free with your m.Stock Demat account.

Let’s assume that you want to buy stocks worth ₹100,000 but only have ₹25,000 in your account. To fund the balance ₹75,000, you can avail m.Stock’s Pay Later (MTF) facility by pledging your stocks. In exchange, we will charge interest on the funding value. In the above case, m.Stock will charge as low as 9.99% p.a. i.e., ₹ 624 for one month (varies as per your holding period).

Margin trading can be a good option for beginners as insufficient capital is one of the biggest pain points for stock market beginners. With MTF, beginners can leverage their limited capital and trade big. For instance, with m.Stock’s MTF , investors get up to 80% funding. So, beginners with a capital of Rs. 10,000 can get funding of Rs. 40,000, helping them place trades worth Rs. 50,000. Similarly, beginner investors can place trades worth Rs 2,50,000 against a capital of Rs 50,000. The funding percentage varies depending upon the stock.

The Pay Later (MTF) facility is only available in the Equity segment (cash market). You cannot use the Pay Later (MTF) facility in the Futures & Options segment.

Yes, Pay Later (MTF) is exclusively available for delivery trades only. It is not available for intraday trading. However, you can sell your shares on the same day.

Under Pay Later (MTF), you can get funding for up to 80% of the total trade value depending upon the stock.

The interest charged under the Pay Later (MTF) facility depends on the gross funding value and holding period. m.Stock charges one of the lowest interest rates in the industry, which are as follows:

Funding Value Interest Rate (p.a.)
Up to ₹ 5 Crore 9.99%
Above ₹ 5 Crore 6.99%

Margin is the minimum amount you should maintain in your trading account to place a trade. It is also the basis for your broker’s funding. Since m.Stock provides up to 80% funding, you simply need to maintain 20% margin in your trading account and m.Stock will fund the balance trade value (80%). For example, say you want to place a trade worth ₹20 lakhs. In this case you only need to put forth a 20% margin of ₹4 lakhs and m.Stock will provide the balance ₹16 lakhs. The funding percentage is dependent on the stock. Check the full list of 700+ MTF stocks here.

Yes, you can buy and sell shares bought under the margin trading facility on the same day. However, intraday trading is not allowed under MTF.

Interest charged under Pay Later (MTF) is calculated based on two parameters -

  • Gross Funding Value
  • Holding Period

Let’s say you want to buy stocks worth ₹ 10 Lakhs. You already have ₹ 2.5 Lakhs in your account. For the balance ₹ 7.5 Lakhs, you avail m.Stock’s Pay Later (MTF) facility. Since the funding value is below ₹ 10 Lakhs, the interest charged is 9.99% p.a. Now suppose you hold this position for 30 days. In this case, your interest will be ₹ 6,244 for 30 days.

m.Stock charges a flat interest rate of 9.99% p.a. on MTF where the gross funding value is Up to ₹5 Crore. Thus, the effective interest rate for one day will come to 0.027% (9.99% ÷ 365 days). As the interest rate falls to 6.99%, the effective interest rate also reduces to just 0.0192% for one day (6.99% ÷ 365 days).

The interest charged on MTF is payable on a daily basis. It is directly debited to your ledger at the end of each day till the time you hold the position.

Yes, MTF interest is charged and debited to your ledger on a daily basis. With m.Stock’s MTF ledger you can easily track and monitor your MTF funding and daily interest charges. To access the same: Login >> Menu >> Reports >> MTF ledger

No, interest on your MTF trades is charged and debited to your ledger on a daily basis, not every month. To access the same, Login >> Menu >> Reports >> MTF ledger

Margin trading is a delivery funding facility where investors get funding from their broker against margin in their trading account to buy stocks. Let us understand margin trading with this simple example. Say you want to buy 1,000 shares of XYZ Ltd. trading at a current market price of ₹1,300 per share. To take this position, you will need a total capital of ₹13 lakhs (₹1,300*1000 shares). But retail investors might not have access to such high capital and hence might have to forego this investment opportunity.

But with MTF , you can take up this investment opportunity worth ₹13 lakhs with just ₹2.60 lakhs as margin in your trading account (assuming 80% funding from the broker). Now in exchange for this funding, the broker will charge you interest. MTF interest typically ranges from 6.99% p.a. to 24% p.a. and even higher. However, m.Stock has one of the lowest MTF interest rates in the industry, starting from 6.99% p.a. for funding above ₹5 crore and 9.99% p.a. for funding upto ₹5 crore.

In the above example, since the funding value of ₹10.40 lakhs is less than ₹25 lakhs, the applicable MTF interest rate will be 9.99% p.a. Assuming you hold the position for 1 year, the total interest payable will be ₹1,03,896. Now say the stock price rallies by 25% in one year to ₹1,625. In this case, your profit would be ₹3.25 lakhs (₹16,25,000 - ₹13,00,000) and your profit after interest will be ₹2,21,104 (₹16,25,000-₹13,00,000 - ₹1,03,896). Your return on invested capital (₹2.60 lakhs) is a whopping 87%! This is how margin trading works.

The primary reasons that make m.Stock’s Pay Later (MTF) facility superior to other MTFs are:

  • Lowest Interest Rate: m.Stock charges one of the lowest interest rates on MTF in the country. For funding value of above ₹5 Crore, we charge as low as 6.99% which is 0.0192% per day.
  • Unlimited Holding Period: Under Pay Later (MTF), there is no restriction on how long you can keep your position open. You can hold your stocks for as long as you want.
  • High Funding: m.Stock offers funding up to 80% of the total trade value.
  • Vast Collection of Stocks: m.Stock offers margin trading facility for more than 550+ stocks. Check out the list of stocks available under Pay Later (MTF) here.
  • Zero Subscription Charges: Our Pay Later (MTF) facility is absolutely free for m.Stock Demat account holders. There is no separate subscription fees or charges.
  • Zero Brokerage: With m.Stock’s Pay Later (MTF), you pay zero brokerage for your trades.
  • Visionary Pre-Pledge Facility: m.Stock is the first in the industry to introduce the concept of pre-pledging of shares, which helps you avoid paying hefty interest rates (as high as 18%) in case you forget or miss out on pledging post order execution.
  • No Hidden Charges: Our Pay Later (MTF) facility is absolutely free of cost to m.Stock Demat account holders. There are no hidden charges with Pay Later (MTF).
  • Competitive Pledge and Un-Pledge Charges: Pledging is an essential part of the Pay Later (MTF) facility. While other brokers charge as high as ₹35 per scrip per trade, m.Stock charges ₹32 per scrip per trade.
  • User-Friendly Interface: You can avail the Pay Later (MTF) facility in 3 simple clicks with our quick, seamless, and intuitive m.Stock app.
  • Higher Buying Potential: With Pay Later (MTF), you can unlock higher buying potential as you get access to more than 550+ stocks and never have to lose out on market opportunities.

With Pay Later (MTF), m.Stock is the first broker to introduce the concept of pre-pledging of stocks. However, in the case of partial execution of margin trades or selling partial quantity under MTF or CNC (Cash and Carry), you are required to complete the pledge process post-trade. The time limit for pledging is till 12:00 p.m. on the Settlement Day i.e., T+1 day. It is to be done through a CDSL link sent to you via SMS/Email.

If your previous position is not pledged, then it will be automatically squared-off. In that case, you can freely initiate a fresh position.

If you fail to maintain the required margin, then the shares purchased under MTF are automatically squared-off. The balance amount is settled by the broker after deducting the interest charges.

Follow the below steps to buy stocks under the Pay Later (MTF) facility:

  • First select the stock that you wish to buy. m.Stock offers more than 700 stocks under the Pay Later (MTF) facility
  • Once you have decided on the stock, click on the “Buy” order screen
  • Select “MTF” as your product type
  • Enter quantity and rate (in case of a limit order)
  • Click on “Buy”
  • You will be redirected to the CDSL page for authorizing the pledge transaction.
  • An OTP will be sent to your registered email ID and mobile number
  • Verify the OTP and your pledge request will be completed successfully
  • Post this, you will have to click on “Buy” to complete the transaction

You can cancel the MTF order from the “Orders” section if it has not been executed. Simply open the “Orders'' section, then go to “Pending” orders, and select the open MTF order you want to cancel. Then simply click on “Cancel” and confirm. Carefully review the order details before confirming the cancellation request.

You can sell the shares purchased under Pay Later (MTF) any time from the m.Stock app or the m.Stock’s web terminal and book your profits.

Pledge creation & closure charges will be ₹32 per PSN (Pledge Sequence Number) per day (+GST) for MTF orders.

In case of Pay Later (MTF), the pledge validation link comes before you place the buy order. Elsewhere. the validation link for margin shares purchased today is sent to you via SMS/Email by CDSL after market hours. You must note that the pledge process needs to be completed only in cases where your margin trades are partially executed, or partial quantity is sold under MTF or CNC. The time limit for pledging is till 10:00 a.m. on the Settlement Day means T+1 / T+2 depending on the settlement cycle of the scrip.

In Pledge Shares, you use your existing shares as collateral for getting extra margin. Whereas in MTF Pledge, you mark the fresh shares that you want to buy as a collateral to your broker. So, ideally margin pledge is funding done on collateral whereas MTF pledge is transactional funding.

Mirae Asset’s m.Stock trading app is one of the best application for margin trading in India. It offers up to 80% funding in more than 550+ stocks at one of the lowest interest rates of 6.99% p.a. in the country. You also have the freedom to hold the stocks as long as you want, without any restrictions. The Pay Later (MTF) facility is available freely with your m.Stock Demat account at no additional subscription fees or hidden charges.

The Pay Later (MTF) facility comes free with your m.Stock Demat account. To avail this facility, simply click on the Pay Later (MTF) tab on the order page.

Stock market investments including margin trading facility are subject to market ups and downs and hence carry some degree of risk. MTF being a leveraged product, allows you to trade in multiples of your capital and hence even your profits and losses are multiplied. But a big chunk of the risk is averted since intraday trading is not allowed under MTF. This means you can hold your position or trade for as long as you wish, giving investors ample time to achieve their desired price targets.

With unlimited holding period, one can avoid extra transaction and brokerage charges on selling and re-buying your positions. In cases of limited holding period, one may miss out on opportunities after selling your positions once the holding period is over.

One must keep in mind that MTF attracts interest on the margin accrued and one can also run the chance of incremental losses.

As an m.Stock customer, one will not need to activate MTF for your accounts. The MTF feature is available for one to avail margin at any given point of time.

Ensure to do your research before availing MTF.

Make sure to not ignore margin shortfall. In case of margin shortfall over 75%, m.Stock will square off the positions.

There are many advantages of availing the Margin Trading Facility with m.Stock.

  • One of the lowest interest rates starting from 6.99% p.a.
  • Unlimited holding period
  • Funding up to 80%
  • Pre-pledge facility exclusive to m.Stock
  • Low pledge charges - ₹32
  • Low subscription charges - ₹0
  • No Hidden Charges


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