Bond : Quote vs Debit

Dolby

Dolby

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ABSA sent me a quote for a bond with them which I was told to accept if I was happy.

On the quote the premium is listed and I expected to pay, but notice my debit is a few hundred different. Just a normal thing for bonds? It's around 2.5% higher than the quote.

Just hoping it they never added some stupid insurance
 
Dolby said:
ABSA sent me a quote for a bond with them which I was told to accept if I was happy.

On the quote the premium is listed and I expected to pay, but notice my debit is a few hundred different. Just a normal thing for bonds? It's around 2.5% higher than the quote.

Just hoping it they never added some stupid insurance
Click to expand...

Is this the same bank with the car calculation issues?

It's not normal.
 
No. This is ABSA

And on that car issue, I phoned them again today and got a R4,600pm! So with a cash inection of R100,000 they say my payment may be R4,600.00 or R6,350.00. Insane :/
 
When was the quote done? Remember interest rate went up 0.5% basis points. That could be the difference.
 
Oh wrong section. This isn't news, sorry. Mods please move.

I checked the my premium before the rate change and is R272 higher.
 
Drifter said:
When was the quote done? Remember interest rate went up 0.5% basis points. That could be the difference.
Click to expand...

Hemi300c said:
This
And don't accept their insurance because the price is high and the cover is crap.
Click to expand...

The quote did show all calculations clearly with a monthly premium of R10,907.00 - but the debit (pre interest rate change) is R11,178.00 and R11,667.00 after the change. So my first installment is almost R800.00 more expensive.
 
Yea will do actually.

I think they're closed now
 
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