Which of the following is an example of a loan for personal use?

The selection of purchasing a vacation home as an example of a loan for personal use is correct because it involves acquiring a property that is intended for personal enjoyment rather than for business purposes. Loans for personal use typically encompass expenditures that do not directly contribute to income generation, such as a primary residence or a secondary residence for leisure.

In this context, buying a vacation home signifies a personal investment aimed at providing enjoyment and relaxation, distinct from business ventures. The other options involve commercial or investment-related purchases. Buying inventory for a retail store is aimed at generating business revenue, financing a fast food franchise involves operating a business, and purchasing a 30-unit apartment complex also pertains to real estate investment with the intent of earning income. These transactions clearly align with business or investment activities rather than personal use.