Daily, on the money your broker lends you, until you sell. At 0.04% a day, borrowing ₹1,00,000 costs about ₹40 a day.
| 7 days | ₹280 |
|---|---|
| 30 days | ₹1,200 |
| 90 days | ₹3,600 |
| 180 days | ₹7,200 |
Zerodha's published rates, checked 29 Oct 2026. The broker funds 75% here; the real share depends on the stock.
Multiply by 365. 0.04% a day is about 14.6% a year.
Brokers quote MTF interest either per day (“0.04% a day”) or per year (“14.95% a year”). To compare them, multiply the daily rate by 365, or divide the yearly rate by 365. Interest is usually charged on weekends and holidays too, because the loan is still open.
| Per day | Per year |
|---|---|
| 0.03% | ≈10.95% |
| 0.04% | ≈14.6% |
| 0.05% | ≈18.25% |
Sources: our broker comparison
No. Only on the money the broker lends you, not on the part you paid yourself.
In the example you buy ₹1,33,333 of shares and pay ₹33,333 yourself. Interest is charged on the ₹1,00,000 the broker lends: about ₹40 a day.
Sources: our broker comparison
It runs from around the day you buy until the day you sell or repay. The exact start day differs by broker.
Zerodha, for example, charges from the day after you buy (T+1) until you sell. Other brokers start on the buy date or the settlement date. Each broker page shows what that broker publishes.
Sources: zerodha.com/charges, 29 Oct 2026
Some set the rate by how much you borrow, and a few charge per block of money borrowed.
Sources: dhan.co, 29 Oct 2026; upstox.com, 29 Oct 2026
No. Brokerage, pledge, unpledge, DP charges, GST and sometimes a plan fee come on top.
A broker with a low rate can still cost more overall if its brokerage is a percentage of the trade or it needs a paid plan. Compare the all-in figure, not the rate. Our comparison does this for 14 brokers.
Sources: our broker comparison
Only within their limits: usually a cap on the amount and a fixed number of days, and often only for your first trades.
Angel One, for example, advertises 0% on up to ₹1,00,000 for the first 30 days. After the limit, the normal rate applies. We leave offers out of our ranking and note them on each broker’s row.
Sources: angelone.in, 29 Oct 2026