Angel One MTF (Margin Trading Facility)

Angel One's Margin Trading Facility is branded Pay Later (MTF). It lets you buy up to 4x more shares than your cash balance by borrowing the rest from the broker, for delivery trades only — not intraday. Interest is roughly 0.041% per day (about 14.99% a year) on the borrowed amount, and you can hold the position as long as you maintain the required margin.

Understand the risk before using it. Interest accrues every calendar day — including weekends and holidays — from the buy date until you sell or convert to delivery. A 10% fall on a 4x position wipes roughly 40% off your own capital. If you fund the trade purely with pledged holdings and no cash, interest is charged on the full purchase value, not just the borrowed part. Miss a margin call and positions can be auto-squared off, locking in the loss.

Some customers report margin funding being applied without clear notice, which leads to surprise interest charges — always check the product type on the order window before you confirm a buy.