We have been investigating an issue where we have observed an inconsistency with an application being submitted to the NAB. We were working with a a client recently who had obtained a quote from NAB and could not get it to reconcile with TFS. The quote wasÂ
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Image Added Image Added Image Added Image Added | We enter the finance information in as follows to match the quote Amt financed excluding brokerage = $200,000. Total brokerage = 1298.07 | Image Added | We then enter the Wholesale base rate and term | Image Added | When I solve for repayments we see a 0.0064 variation in the effective rate on the NAB quote. There is a $0.56 variation in the single repayment value. This results in a $33.60 difference in the total amount payable. | Image Added | If the deal was submitted to Westpac we get an exact match with TFS |
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