Glossary
Welcome to our glossary section.
If you're looking for the definition of a particular finance term or phrase, you can look it up here in our loans glossary. If the term or phrase you're looking for isn't listed, please let us know and we'll make sure it gets included.
Quotation
A quotation is a repayment outline that is provided to a loan applicant by either a lender or a broker. The quotation is compiled and based on such factors as affordability, employment status, residential status and credit history. Consumers use loan quotations as a means to find the best possible deal available to them.
