While it might not be right for everyone, a personal loan can be helpful under a variety of circumstances.
If you use it to pay off a debt with a higher interest rate, the right loan can save you money in the long run. A personal loan can also simplify repayment of mulitiple credit cards by consolidating all of the outstanding debt under a single account, with a single monthly payment. Or maybe you don’t have credit card debt, but have another reason that is personal. If you have good credit, chances are you can find a fair deal. And some banks may offer you a better rate if you establish an automatic monthly payment.
Ask your local bank about personal loan options and if discounts are offered to current customers.