BNPL (Also known as Margin Trading Facility) is a facility through which you can buy upto 5x stocks with the same amount of capital.
You only have to pay a part of the total investment amount, and the remaining amount will be invested by IIFL Securities on your behalf. As you are able to buy more quantity of stocks with the same amount, gains are also amplified!
Stock appreciation on ₹5 Lakhs = +₹50,000
Interest charged at 0.049%* per day = -₹12,000
Select product as "BNPL" or "Buy Now Pay Later" while placing an order.
Complete 3 step OTP
Ensure confirmation is
completed till 2 trading days
from the date of purchase, or else shares will be auto squared-off.