Personal Loans can be used for a number of things including
- Taking advantage of sales.
- Paying tax bills (tax loans) ? this is rather common in Hong Kong.
- Children Education fees.
- Consolidating credit card debt to enjoy lower interest charges.
- Going on a holiday.
- Getting married.
- Personal emergencies.
Generally, it is advisable to limit the amount of your loan that you require. The general rule of thumb is to limit you total loan repayments (including mortgages and credit cards) to not more than 30% to 40% of your gross monthly income.