Personal loans are some of the most advantageous types of credit for many reasons, not the least of which is their versatility. You can use a personal loan for virtually any purpose you wish. It is important to remember that the money has to be repaid and the onus for using the money in a financially sound manner lies on you as the borrower. It is best to pursue ends that create lasting value or, where necessary, offset emergencies that cannot wait, otherwise you might find yourself caught in serious debt problems.