Personal loans are used for many purposes, most of which are approved by lenders. To see what uses your lender deems appropriate for a personal loan, speak to them directly or check the fine print in any paperwork relating to the personal loan. Commonly, personal loans are used for the following purposes: - To consolidate debts and other loans - Home improvements/renovations - Car repairs or purchases - Emergency medical bills - Emergency vet bills  - Start a small business - Pay for a wedding - Pay for vacations  - To make large purchases like an appliance or furniture.  This is by no means an exhaustive list but shows you the wide range of uses personal loans have. If there is a big purchase you need to make, a personal loan comes in handy, allowing you to spread the cost over several months.