Can client pledge stocks purchased through "Buy Now Pay Later" for margin?

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• Is Buy Now Pay Later (BNPL) the same as Margin Trading Facility (MTF)?

  Yes, Buy Now Pay Later (BNPL) is the same as Margin Trading Facility (MTF).

• What is BNPL/ Buy now pay later?

  BNPL in IIFL is a margin-based trading facility that allows clients to buy stocks by paying a fraction of the amount while IIFL funds the balance, which is repaid later with interest.

• How client can pledge stocks to increase margin?

  You can pledge stock to increase margin by following the steps; Through IIFL Markets mobile app Login to the mobile app Click on Funds section available at the bottom of the screen Click on "Pledge Holdings to Increase Margin" link below the ...

• Is there any maximum duration one can hold "Buy Now Pay Later" stocks?

  You can hold your stocks for an indefinite period.

• What is Margin Pledge?

  Margin Pledge is a process in which users can pledge their stocks to the broker in return for a collateral margin that can be utilized for trading. Let’s understand this better via an example; suppose I am an investor who has shares of RIL, TCS and ...