Reading a pre-agreement quotation

Use the document supplied by the lender

A quotation should identify the provider and the particular offer you are considering. The calculator on this website cannot replace it. For the legal framework on pre-agreement disclosure, consult the National Credit Act, including section 92.

Compare all the components

Read the amount received, interest basis, fees, insurance, repayment dates, instalments and total cost. Check whether figures include VAT where applicable. Ask the lender about any item that differs from its advertising or an earlier quote.

Check validity and changes

Note the validity period and ask what happens if the amount, term, start date or other inputs change before acceptance. Save the version you accepted alongside the agreement. An example downloaded from BluCross does not bind a provider. See the agreement checklist.