Can you request for loans for the purposes of gambling?

[Stardom22]

There are some people claiming to have found a living on gambling and more especially on the sport betting venture?

 

[eLdavis]

Even for business, i am scared of requesting a loan for that, not to mention going into gambling with loan, that's something i we not do.

 

[Suba]

I dislike and don't know much about gambling and spot betting. During college, influenced by friends, I tried some gambling and soccer betting, but I always lost. I decided this wasn't my path in life and I had to stop. Of course, you can borrow money for any reason, including borrowing money to gamble, but the question is, will they lend you the money?

 

[Springtime]

I do not think you can borrow any money if you mention that you use the money for gambling. The lending bank or institutions will not like this risk.

 

[Starmix]

Though it sounds weird to apply for a loan for a gambling capital, but it's indeed happening. One lotto operator in the city filed for a loan for a cash bond of his lotto outlet. His loan was approved and at this time, he already fully paid his loan. He earns a huge profit every day for most of the time no one wins. The money goes to his bank which is now growing. He will earn 5 percent for every winner in millions. It's a case to case circumstance, side by side with a bit of luck.

 

[Suba]

If you take out an online loan for gambling, the requirements are very simple and straightforward, unlike taking out a bank loan. However, the interest rates are higher, and if you lose, you'll face debt collectors.

 

[Sanjeev]

I won't do that. I have never taken a loan for anything and taking loan for gamble , I cannot imagine.

 

[Augusta]

A reasonable person would not even use his savings to do this let alone taking a loan for this