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Version date: 2 February 2017 - onwards

Part 9 Tool offering indicative price quotes and eligibility indicator (paras. 33-34)

33. Provision of tool on Providers’ websites

33.1 Providers shall continuously offer a tool in a Prominent location on their websites to enable SMEs to obtain an indicative price quote and indication of their eligibility (‘price and eligibility tool’). This would cover all Unsecured Loans and standard tariff Unsecured Business Overdrafts to SMEs, for borrowing up to a value of £25,000.

33.2 The price and eligibility tool shall:

33.2.1 return, as a minimum, information to the user in accordance with the following guidelines:

(a) provide the user with an indication of likelihood of being eligible for a given product at the requested credit limit (which is not to be inconsistent with the information to be provided to third parties in Article 34.4.2); and

(b) for Unsecured Loans, provide the user with an indicative APR which they consider to be Representative based upon the information submitted by the user; and

(c) for standard tariff Unsecured Business Overdrafts, provide the user

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