Verified local facts
The rate passport requires seven identity fields and a cash-flow visa before a percentage can cross into a Mauritius quotation comparison.
Evidence reviewed
Help a Mauritius household interpret rate measures using attributable evidence and a stop condition.
Decision checklist
The rate passport requires seven identity fields and a cash-flow visa before a percentage can cross into a Mauritius quotation comparison; review marker 102 applies this device only to “interpret rate measures Mauritius” and the evidence boundaries named on this page.
Copy the printed rate name
Transcribe the exact label, value, owner, document and date. Do not rename a lending rate, reference rate, margin or calculator output to a more familiar measure. If a product page and quotation use different wording, keep both entries and ask which governs. The passport begins with provenance because a low-looking number without an exact name cannot be compared responsibly.
Stamp the time basis
Find whether the rate is annual, monthly or defined on another period, and capture the convention stated by the owner. Do not multiply, divide or compound by habit. Ask for a case-linked explanation when the period is not explicit. A conversion created by the reader belongs on a separate worksheet with assumptions; it does not alter the passport's printed identity. Missing time basis places the document on hold. Preserve the original period label beside every derived illustration so a later reader can reverse the transformation and challenge its assumptions.
Record reference and margin
For a reference-linked structure, enter the published reference, provider margin, effective date and review mechanism exactly as documented. MCB's rates document may support MCB's own structure, not a general Mauritius market rule. A personal quotation must identify the applicable terms. Treat a future reference movement as a stress input chosen by the household, never as a forecast. An unclear link blocks a direct fixed-versus-variable comparison.
Identify the calculation base
Record whether the document explains which balance or amount carries the rate and how that balance changes. Do not decide the base from net proceeds, nominal capital or intuition. Initial deductions can make useful cash differ from the amount on which interest is calculated. Keep those quantities side by side without merging them. An unproven base remains a written question, because the same percentage on a different base produces different flows.
Visa the included and excluded charges
Create three columns: demonstrably included, demonstrably excluded and not stated. Place insurance, processing, compulsory account costs and other charges only where the document supports the classification. A broad phrase does not automatically absorb every payment. The public product pages cannot decide the personal quotation's charge perimeter. The unknown column remains visible in every comparison and prevents the rate from masquerading as total cost.
Inspect the cash-flow record
Lay net proceeds, scheduled payments and separate charges beside the passport. The task is not to reverse-engineer a formal measure without its method; it is to find money movements the rate explanation does not account for. Keep percentage, total payments, useful cash and payment timing as distinct readings. If an outflow lacks a place, ask its owner and basis. Do not erase it because the headline rate looks complete.
Compare passports at the border
Two rates cross together only when their names, periods, bases and charge visas are compatible. List every mismatch before viewing numeric values. A lower percentage receives no automatic advantage when its perimeter is narrower or unknown. Compare personal quotations for the same household scenario, not MCB and MauBank public pages as though they were offers. If compatibility fails, the border decision is evidence required, not a winner selected by guesswork.
Return the passport to capacity review
A complete passport goes to the repayment calendar and household stress test. Rate identity does not prove that instalments protect essentials, and it says nothing about whether an institution will approve the request. Store the quotation and rates publication separately and set a trigger for reference changes or document replacement. The final verdict states what the percentage means, which flows remain outside it and which decision must still be made. Add a reference-change rehearsal when the passport describes a variable mechanism. Make three copies of the current repayment line. The first preserves the quoted basis; the second uses a clearly labelled adverse movement chosen solely for household stress testing; the third records the threshold at which essential spending would no longer remain protected. Do not present the movement as a forecast or as the provider's expected path. Note whether the document explains how and when a changed reference reaches payments, and leave the propagation rule unresolved if it does not. A household response plan sits beside the rehearsal: reduce the project before signing, preserve a larger buffer, request clarification, or decline the structure. This creates an affordability boundary without pretending to calculate an official future quotation. Keep the provider decision boundary separate as well. An institution may assess the application using information not present on a public page; a completed passport neither improves nor predicts that assessment. Conversely, a later approval does not validate an incorrect rate identity. Recheck the passport against the final offered document and repeat the border comparison if the value, reference, margin, review date or charge visa changes. The passport remains a document-control instrument whose success is accurate meaning, not a lower number or a positive decision.