What a Personal Loan Should be Used For

A personal loan is everyone's saving grace when they are looking to make a large, necessary purchase. But did you know that there are certain limitations with regards to what you can actually use your cash loan for? A personal loan may NOT be used for the following purposes:

With this in mind, a personal loan CAN be used for the following:

As long as you use your personal loan for PERSONAL, and not business-related, purposes, you will be within your legal rights. Just remember to declare the reason for needing the loan to your bank before submitting your application.