Can Personal Loan be used for any purpose?

Accepted Answer ✓ Accepted

Personal Loans can usually be used for almost any personal purpose such as medical needs, travel, education, or home expenses. Lenders rarely ask for usage proof, but illegal or speculative uses are not allowed.
2 upvotes

Suggested Answers

Usually yes — banks don’t ask how you spend it.
0 upvotes by Divya Nair

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