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.

A personal loan.

b.

A short-term loan.

c.

A credit card limit increase.

d.

A mortgage loan secured by the borrowers home.

e.

A temporary overdraft increase.

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