A personal borrower has requested a loan to pay for renovations to his home From the list below, what loan facility is most appropriate in this case a A temporary overdraft increase b A personal loan c A credit card limit increase d A mortgage loan secured by the borrowers home e A short term loan

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Question: A personal borrower has requested a loan to pay for renovations to his home. From the list below, what loan facility is most appropriate in

A personal borrower has requested a loan to pay for renovations to his home. From the list below, what loan facility is most appropriate in this case?

A temporary overdraft increase.

A personal loan.

A credit card limit increase.

A mortgage loan secured by the borrowers home.

A short-term loan.

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