Back to Services
What changes between revolving credit and a fixed-term loan?
Similar monthly payments can therefore describe different obligations.
Compare access, costs and the repayment assumptions explicitly. A minimum payment on one product is not equivalent to a scheduled instalment designed to finish another under its stated terms.
Details
- Separate quoted conditions from assumptions
- Locate the agreement version and date
- Ask how a change affects the remaining schedule
Before you compare offers
Read the borrowing-cost checklist
Keep a written offer open while you locate the amount received, charges and total amount repayable.