What is BNPL/ Buy now pay later?
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.
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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 will happen if you sell Buy Now Pay Later stocks on the date of purchase?
The transaction will be treated as an intraday transaction instead of a BNPL transaction.
Can client pledge stocks purchased through "Buy Now Pay Later" for margin?
Since client have already pledged the BNPL stocks, margin pledge will not be available.
Circular No - 2026/05/02
Change in Scrip Category (Down grade).
Circular Number:31-10-2025
Monthly Scrip Revision - Change in scrip category -Downgrade