Banking · Retail Lending
A bank customer wants to avail a loan specifically for replacing the kitchen cabinets, renovating the bathroom, and upgrading the electrical wiring in their existing owned house. This loan falls under which category?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Personal Loans
- 2Home Improvement Loans✓
- 3Home Decor Loans
- 4Home Loan (Purchase)
Correct answer
Home Improvement Loans
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