Unconventional uses for personal loans

Unconventional uses for personal loans

Last updated: 15 June 2018

Some of the typical reasons people take out personal loans are to help with home renovations, paying for a wedding, holidays, buying a car, and consolidating debts.

Here we list out more interesting items that you can get a personal loan for these days:


Personal Loans for Dental

Most Australians will already know that dental care is excluded from Medicare coverage and even check-ups, cleanings and your standard fillings can be quite expensive.  When you start looking at things like molar extractions and root canals, costs can increase dramatically.  It is at this point where the pain can extend from your mouth to your hip pocket!  Fortunately, there are some providers that will lend you the funds, so you don’t have to wait to get your smile back.


Personal Loans for Legal Fees

The first thing that many people think of when they hear the words “legal fees” is probably paying a defence lawyer to get you off the hook for a crime you didn’t commit.  In reality, many people regularly find themselves in need of legal advice for a whole range of less dramatic issues, like divorce proceedings.  A lot of the time these matters are time sensitive, and people may need to pay legal fees that they hadn’t budgeted for.  In these cases, a personal loan can let you deal with your legal matters and get on with life.


Personal Loans for Cosmetic Procedures

If it seems like more and more people are “having a bit of work done’ these days, it’s probably because they are.  Based on the annual Global Aesthetic Survey, there was a 9% increase worldwide in cosmetic procedures completed in 2016 compared to the previous 12 months, and the industry continues to grow.  Saving up is always an option, but for many a cosmetic procedure can have big difference on how they feel about themselves.  A personal loan means people can have the procedure they want sooner and get back to feeling their best.