Pre-agreement statement and quotation Clause Samples
The 'Pre-agreement statement and quotation' clause requires that a lender or service provider present a clear summary of key terms and costs to a prospective customer before any binding agreement is made. This typically includes details such as interest rates, repayment schedules, fees, and total amounts payable, allowing the customer to review and compare offers before committing. Its core function is to promote transparency and informed decision-making, ensuring that customers understand their obligations and can avoid unexpected costs or unfavorable terms.
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Pre-agreement statement and quotation. 2.1 The Pre-Agreement Statement and Quotation accepted by you, sets out the information specific to your loan.
Pre-agreement statement and quotation. 3.1. Prior to You concluding a credit agreement with the Credit Provider, the Credit Provider will provide You with a Pre-Agreement Statement and Quotation. You will be given 5 (five) working days to decide if You want to enter into a credit agreement with the Credit Provider on the terms set out in the Pre-Agreement Statement and Quotation and these terms and conditions.
3.2. Where Your financial or personal circumstances or the information provided by You changes after the Pre-Agreement Statement and Quotation is given to You, the Credit Provider may refuse to enter into the credit agreement or may provide You with a revised Pre-Agreement Statement and Quotation.
3.3. You warrant that all information provided by You to the Credit Provider is true and correct and is sufficient for the Credit Provider to conduct an affordability analysis.
3.4. If You did not declare any monthly expenses, or those that You declared are lower than the Minimum Expense Norms Table contained in the Regulations to the NCA, the Credit Provider will utilise the Minimum Expense Norms Table.
3.5. You warrant that You have not taken up any further credit, other than that which already existed at the time of the Application.
Pre-agreement statement and quotation. The pre-agreement statement and quotation on the first page (“the Quote”) must be read as part of this Agreement. The Quote is binding for 5 (five) days. All terms used but not defined in this Agreement shall have the meaning ascribed to such terms in the Quote.
Pre-agreement statement and quotation. 3.1. Prior to You concluding a credit agreement with the Credit Provider, the CreditProvider will provide You with a Pre -Agreement Statement and Quotation. You will begiven 5 (five) working days to decide if You want to enter into a credit agreement withthe Credit Provider on the terms set out in the Pre-Agreement Statement andQuotation and these terms and conditions.
3.2. Where Your financial or personal circumstances or the information provided byYou changes after the Pre- Agreement Statement and Quotation is given to You, theCredit Provider may refuse to enter into the credit agreement or may provide You witha revised Pre- Agreement Statement and Quotation.
3.3. You warrant that all information provided by You to the Credit Provider is true andcorrect and is sufficient for the Credit Provider to conduct an affordability analysis. 3.
Pre-agreement statement and quotation. You will receive a quotation and acceptance via our USSD channel by dialing *120*3737# (“the Quote”) must be read as part of this Agreement. The Quote is binding for 5 (five) business days. All terms used but not defined in this Agreement shall have the meaning ascribed to such terms in the Quote.
Pre-agreement statement and quotation. The pre-agreement statement and quotation, the Quotation (“the Quote”) must be read as part of this Agreement. The Quote is binding for 5 (five) business days.