There are many apps, I borrow here with this app, that can help you get instant personal credit. A personal loan is a type of financial assistance that people turn to in times of need. It is a type of loan that does not require any collateral as security. A personal loan has no restrictions on how it can be used. This means that you can use it for any purpose, including weddings, vacations, debt repayment, home improvements, and medical crises.