If you plan to buy something using personal loan, you may want to use your credit card, check with the merchant if they offer interest free interest installment.

The advantage of using credit card is you don’t need to go through the application process and the approval is guarantee up to the credit limit that you have.  If the merchant does not have an interest free installment plan, the disadvantage of using credit loan is paying higher interest rate than personal loan.

If you plan to get a personal loan for others purpose, such as going for holiday, repay your existing loan, paying debts due to friend or business associate, then you might consider selling off some of the unused items at home.  Try eBay or having garage sales will be a good to get rid of some old junks and get some fast cash to serve your needs.  The most popular items are electronics gadget and jewelry.