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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 was
| We enter the finance information in as follows to match the quote Amt financed excluding brokerage = $200,000. Total brokerage = 1298.07 |
| We then enter the Wholesale base rate and term |
| 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. |
| If the deal was submitted to Westpac we get an exact match with TFS. This against the NAB quote
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