Step-by-step explanation: Given that Howard's bank found him creditworthy and gave him a personal loan. We are to state which type of loan did Howard get.
Since the bank found Howard creditworthy, so there is no question of unsecured loan or variable-rate loan. He should definitely get secured loan, because he already has a lot of credit and so he is maintaining a good credit score.
The bank felt that the money was in good hands, they felt they could trust this guy because he has good credit score, if he did not he would probably have to improve it or take a different type of loan.
