A debt consolidation housing loan is normally provided over a longer term than a personal loan.

• A. is more expensive than an unsecured personal loan.
• B. is normally provided over a longer term than a personal loan.
• C. does not require security.
• D. attracts a higher interest rate than a personal loan.

Answer: (B)

Debt consolidation with a housing loan leverages the property as security, which generally lets lenders set a longer repayment period—often matching the long horizon of a typical mortgage. That extended term reduces the monthly payment, making it easier to combine several debts into one manageable plan. Because the loan is secured, lenders usually price it more like a mortgage, often with a lower rate than unsecured personal loans. So the longer term claim fits common lending practice.

The other statements don’t fit because a housing debt-consolidation loan does require security, and secured loans typically carry lower rates rather than higher; it isn’t inherently more expensive than an unsecured personal loan.