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A personal borrower has requested a loan to pay for a family holiday. From the...

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Finance

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

a.

A mortgage loan secured by the borrowers home.

b.

A term loan for six years.

c.

Lease financing.

d.

A credit card limit increase.

e.

A revolving credit facility.

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