Lowest published MTF rate: ICICI Direct, 9.65% – 17.99% p.a., as of 21 Sep 2026. Next lowest: Kotak Neo, 9.69% – 17.99% p.a.; m.Stock (Mirae Asset), ~10% – 15% p.a. (slab-based).
Interest rates, leverage, eligible-stock counts and charges for 25 brokers offering Margin Trading Facility, ranked from the lowest published rate. Rates are headline figures and vary by plan, funded amount and holding period — always confirm the current rate on the broker’s own site before trading.
By · Last reviewed: 21 Sep 2026 · How we source and check this data
Ranked by the headline annual rate, or the lower bound where a broker publishes a range. Brokers quoting only a promotional or unpublished rate are listed further down, since they cannot be ranked against the rest.
Interest rates and terms compiled from publicly available broker sources; eligible-stock counts are rounded approximations and every broker revises its list periodically. Rates change frequently — always confirm the current rate on the broker’s own site before trading.
Sorted by lowest headline interest rate — the lower bound where a broker quotes a range. Brokers that publish only a promotional rate or no rate at all are listed last, since they cannot be compared. Click a header to re-sort.
| Broker | MTF interest rate | Max leverage | Eligible stocks (approx.) | Brokerage | Holding period |
|---|---|---|---|---|---|
| IDICICI Direct | 9.65% – 17.99% p.a. | Up to 4x | 1,400+ | 0.05% – 0.55% | Flexible |
| KNKotak Neo | 9.69% – 17.99% p.a. | Up to 5x | 1,300+ | ₹0 – ₹20/order | No fixed limit |
| MSm.Stock (Mirae Asset) | ~10% – 15% p.a. (slab-based) | Up to 4x | 900+ | Flat-fee plans available | Flexible |
| LELemonn | ~10.95% p.a. (0.0273%/day) | Up to 4x | 700+ | Low-cost / discount | Flexible |
| RURupeezy | ~10.95% p.a. (0.03%/day) | Up to 4x | 700+ | ₹20/order | Flexible |
| BBBajaj Broking | From 11.99% p.a. (plan-based) | Up to 4x | 900+ | ₹20/order | Flexible |
| HDHDFC Securities | ~12% p.a. (0.0329%/day) | Up to 4x | 900+ | 0.10% – 0.50% | Flexible |
| PMPaytm Money | ~12% p.a. (introductory; standard rates may apply) | Up to 4x | ~1,000 | ₹20/order | Flexible |
| DHDhan | ~12.49% p.a. (slab-based) | Up to 4x, up to ₹5 Cr | 1,700+ | ₹0 – ₹20/order | Flexible |
| ALAliceBlue | ~14-16% p.a. | Up to 4x | 700+ | ₹15 – ₹20/order | Flexible |
| FYFyers | ~14.6% – 18% p.a. | Up to 4x | 800+ | ₹20/order | Flexible |
| ININDstocks (INDmoney) | ~14.6% p.a. (0.04%/day, above ₹10,000 funded) | Up to 4x | 1,500+ | ₹20/order | Flexible |
| SSSBI Securities | ~14.6% p.a. (0.04%/day) | Up to 4x | 900+ | 0.10% – 0.50% | Flexible |
| ZEZerodha | ~14.6% p.a. (0.04%/day) | Up to 5x (select stocks) | 900+ | ₹20 or 0.03%/order | No fixed limit |
| GRGroww | ~14.95% p.a. (0.041%/day) | Up to 4x | 900+ | ₹20/order | No fixed limit |
| AOAngel One | ~14.99% p.a. (slab-based) | Up to 4x | 1,000+ | ₹20/order | Flexible |
| ISIIFL Securities | ~15% – 18% p.a. | Up to 4x | 900+ | 0.05% – 0.50% | Flexible |
| MOMotilal Oswal | ~0.041%/day (~15% p.a.) | Up to 4x | 900+ | 0.10% – 0.30% | 365+ days |
| 5P5paisa | ~18% p.a. (0.05%/day) | Up to 4x | 700+ | ₹20/order | Flexible |
| ADAxis Direct | 18% p.a. (eMargin) | Up to 4x | 900+ | 0.10% – 0.50% | Flexible |
| SHSharekhan | ~18% p.a. (0.0493%/day) | Up to 4x | 900+ | 0.10% – 0.50% | Flexible |
| UPUpstox | ~20.86% p.a. (slab-based) | Up to 4x | 800+ | ₹20/order | Flexible |
| ENEdelweiss / Nuvama | ~24% – 30% p.a. | Up to 4x | 800+ | 0.10% – 0.50% | Flexible |
| CBChoice Broking | Contact broker (not published) | Up to 4x | 700+ | 0.05% – 0.50% | Flexible |
| HSHDFC Sky | 0% for first 30 days, then competitive | Up to 4x | 900+ | ₹20/order | Flexible |
On the rates published by each broker and last checked in September 2026, ICICI Direct quotes the lowest headline rate at 9.65% – 17.99% p.a.. Several brokers publish a range or a slab that falls as the funded amount rises, so the ranking uses the headline or lower-bound figure and lists brokers with no published rate separately. Confirm the current rate with the broker before trading — these change often.
Published rates currently run from roughly 9.65% to 24% a year. Most brokers cluster between 12% and 18%, often quoted as a daily rate such as 0.04% a day, which works out near 14.6% a year.
Not on its own. Interest accrues for every calendar day a position is held, so on a hold of a few days the gap between two rates is small next to brokerage and pledge charges. Over months the rate dominates. The size of the broker's eligible-stock list matters too — a low rate is no use if the stock you want is not fundable there.
Brokerage on both legs, pledge and unpledge charges per scrip, STT, exchange transaction charges, the SEBI turnover fee, stamp duty, and GST on the service charges.
Each broker publishes its own eligible list, drawn from the exchange-approved Group I securities. The lists on this page run from about 700 to 1,700 names and every broker revises its own periodically.