Is it advisable to take a personal loan?

It entirely depends upon your choice. The advantages and disadvantages of a personal loan can help you in decision-making.

Advantages of Personal Loan:

• Use for any purpose you want.
• Quick processing 
• Low-interest rate & Processing Fees 
• No security/guarantor required

For more advantages of taking a personal loan, read this link

Disadvantages of Personal Loan:

• Your credit score is affected if repayment is skipped
• Interest rates are higher than other credit facilities.

For more on this topic, read this article