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

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

a.

A personal loan.

b.

A term loan for six years.

c.

A revolving credit facility.

d.

A credit card limit increase.

e.

An overdraft increase.

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