Probably the best thing about a personal loan is that you can spend the money on whatever you want. The bank will normally not ask any questions about that.
What people spend their loan on, varies from person to person based on the needs he or she has. Small loans from $100 - 5,000 is often used to pay unexpected bills, car reparations and so on.
When it comes to large amounts over $10,000, most loan customers tend to use personal loans to consolidate credit card debt, because personal loans often have lower interest rates.
However, always remember when you borrow money for consumption that personal loans and payday loans are only short-term solutions to financial illiquidity. Our best advice is to contact a financial advisor/counselor if you have financial problems.