InvestorQ : What can I use a personal loan for?
Ashoka Patkar made post

What can I use a personal loan for?

Suresh Patil answered.
3 years ago

As the name suggests, a personal loan can be used for anything and everything.

As everyone’s needs are personal, so can be their reasons for taking a loan. It can be used for any type of expense such as doing home renovations, going on luxurious vacations or just a big-ticket electronic purchase.

Other instances where personal loans may be extremely useful include payments towards unexpected medical bills, investment in business, down payment of new house and much more.