Personal loans are a type of loan that individuals can use for a variety of purposes, such as consolidating debt, making a large purchase, or covering unexpected expenses. These loans are typically unsecured, meaning they do not require collateral, and can be obtained from banks, credit unions, or online lenders.

When considering a personal loan, it's important to carefully review the terms and conditions, including the interest rate, repayment schedule, and any fees associated with the loan. It's also important to only borrow what you can afford to repay, as defaulting on a personal loan can negatively impact your credit score and financial health.