What is PAY LATER ?
Using PAY LATER, an investor can buy shares for 365 days either by
- keeping a small amount from his available funds or
- by keeping shares in his/her holding
as collateral. The remaining balance is paid by us.
While all other margin funding is maximum for 7 days, PAY LATER provides funding for 365 days.
4x margin on equity for 365 days.
For example: If you buy ACC worth Rs. 1,00,000, it will command a margin of Rs.25,000 subject to terms and conditions.
Lowest Interest Rate Lowest Interest Rate in the market. 3.99% per annum for clients who have subscribed by paying a subscription fee of INR 999. For others the interest rate is 9.99% p.a.
Frequently Asked Questions ?
How to activate pay later in asthatrade ?
How to use the trading system for pay later ?
Is all done if i place order under pay later? Is there anything else, that i need to do ?
What is group I security ?
Can I give stocks as collateral to trade in MTF?
Will I get a dividend and other Corporate action on my shares in Collateral a/c ?
Can I do Margin Trading at the Derivative segment ?
Do I get a separate contract note for Normal trades & Margin Trades ?
What will happen if I fail to maintain the required margin at all times ?