A rate needs a period and calculation method. Do not compare a daily percentage with an annual percentage as if they describe the same price.
Use the written quote to separate cash received, scheduled payments and charges outside those payments. Keep a calculation with each quote.
Multiplying a headline percentage without checking how the lender calculates interest.
Illustration only: cash received R2 000; three payments of R750; a separate required charge of R50. Total paid = 3 × R750 + R50 = R2 300. Difference from cash received = R2 300 − R2 000 = R300. This difference is not an annual interest rate. Include the charge only if it is outside the three payments; do not count it twice.
A rate needs a period and calculation method. Do not compare a daily percentage with an annual percentage as if they describe the same price.
Rate period, interest calculation and total quoted repayment.
Multiplying a headline percentage without checking how the lender calculates interest.
Locate the actual dated record for Rate period. Compare it with the other records in this checklist; ask the organisation responsible for any unexplained difference.
Locate the actual dated record for interest calculation and total quoted repayment. Compare it with the other records in this checklist; ask the organisation responsible for any unexplained difference.
Mark it as unresolved. Ask for that precise detail before choosing; do not substitute an advertised example for your own document.
Use the written quote to separate cash received, scheduled payments and charges outside those payments. Keep a calculation with each quote.
Use the documents listed above. Check quoted amounts and dates in the original record; use the official reference links for the organisation’s guidance.
Use the written quote to separate cash received, scheduled payments and charges outside those payments. Keep a calculation with each quote.
Start with the question on this page. Write down the action you are considering, why it matters and the date by which you need an answer. Separate details you have checked from details still missing. A short decision record makes the next check specific rather than repeating a general search.
Gather the relevant statements, invoices, prices or written responses identified in this guide. Record their dates and units beside each figure. When two records disagree, identify whether they cover the same period and the same items before treating the difference as an error. Keep an unresolved question visible until you obtain an explanation.
Use the practical action already described on this page and decide what would confirm that you completed it: a corrected record, a written answer or an updated plan. Save the supporting document with the date. Review the decision if an amount, deadline or condition changes rather than relying indefinitely on the first version.
These are editorial working steps, not a promise of a financial result. Use the original records for your own amounts and use the sources linked on this page for the specific external information they describe. When a detail cannot be established from those records, state the missing detail instead of replacing it with an estimate presented as fact.