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What are MTF pre-paid plans?
With standard MTF, the interest charged is 18% p.a. However, if you opt for a prepaid plan, you pay a fixed monthly amount as interest, which gives you:
- A lower interest rate
- A higher trading limit (based on the plan)
That means you pay less in interest and trade more with borrowed capital.
When you select a pre-paid plan, the monthly amount you pay is considered as your interest for the chosen trading limit.
Plan Monthly Amount (Rs) | Limit of Outstanding Obligation(Debit) | Interest(p.a.) | Monthly Interest (At 18%) | Monthly Interest (With prepaid) | Savings in Monthly Interest |
|---|---|---|---|---|---|
2,299 | 2,00,000 | 13.99% | 3,000 | 2,299 | 701 |
5,399 | 5,00,000 | 12.99% | 7,500 | 5,399 | 2,101 |
9,999 | 10,00,000 | 11.99% | 15,000 | 9,999 | 5,001 |
13,699 | 15,00,000 | 10.99% | 22,500 | 13,699 | 8,801 |
16,599 | 20,00,000 | 9.99% | 30,000 | 16,599 | 13,401 |
For example:
You can pay ₹16,599/monthly interest (9.99%) instead of ₹30,000 (standard 18%) and trade up to ₹20,00,000! This gives you monthly interest savings of ₹13,401.
To unlock our MTF plans, simply open an account with BlinkX, click on ‘X’Plore’ in the app, and head to the MTF section. From there, you can easily browse through the available plans and choose the one that suits your trading needs best.
With the BlinkX MTF Prepaid Plans, you get the flexibility to trade more while managing your interest costs better. Choose the plan that fits your trading style and unlock smart, cost-effective leverage.
