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Usually no need at all to give a fake reason.
People get loans for anything from upgrading a car, going on a holiday, medical expenses, bying a musical instrument.... pretty much anything goes! As long as you show an ability to repay the bank really don't care what it's for, just that you can pay it. (giving a really stupid reason for a loan ["I want to watch €2000 of €20 notes burn"... ] may make them question it a little more than usual)
If someone asked me for a loan to burn the money I'd suggest they seek medical help, I'd hope my bank manager would do the same if I made the request to him (using the example already given above - can't see any reasons for me to provide suggestions of what I, and it would only be my personal opinion, consider a "stupid" idea).give me few examples for a 'stupid' reason plz!
Having just been flicking through a few of the current property threads..... isn't that exactly what a mortgage is forInvesting it in a pyramid scheme.
If someone asked me for a loan to burn the money I'd suggest they seek medical help, I'd hope my bank manager would do the same if I made the request to him (using the example already given above - can't see any reasons for me to provide suggestions of what I, and it would only be my personal opinion, consider a "stupid" idea).
If you need money for a reason, chances are it'll be an acceptable reason.
If your that scared of the real reason, I can't possibly understand why you would be - but that's another matter, just say it's a holiday.
The bank have no conditions to require you to go on a holiday, prove you intend going on a holiday or even have a destination picked.
You will be asked what the funds are for, and possibly have a friendly clerk ask where your going/who your going with/etc. out of nothing more than being nice.
Personally, I wouldn't see it as cheating. It's a personal loan for personal reasons. It, legally, has nothing to do with what you spend it on.thats why I have to cheat. any more advice?
[Paying personal unsecured rates on loans for property investments may not help in trying to maximise investments]
Given that you're going to lie to the bank about your reasons, I presume you don't object if they lie to you about the interest rate charged or the terms & conditions etc?I would like to borrow 25,000, Is it possible to use a FAKE reason?
does the bank really care the way to use the money?
Any idea? which reason should I use? will they invest that? Is it difficult to get?
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