There are a few circumstances that are generally rejected from personal loan applications. For example, taking out a personal loan for college tuition will probably be denied.
Lenders who dole out student loans tend to have a lot more protection than those who lend out personal loans. So, they’re not likely to want to go this route with borrowers.
Anyway, a student loan may come with a lower interest rate than a personal loan. So, you, too, wouldn’t win by going about it this way.
Of course, illegal activities will probably go unaided, as well. So, don’t plan on starting any illegal business ventures with a personal loan.
On a more positive note, though, if you were hoping to secure a loan for a legal business venture, you’d probably want to seek out a business loan anyway.
Finally, don’t try to ante up at any of the casinos with money derived from a personal loan.
Securing funds to further ingratiate yourself into the tenuous world of risk (and little reward) will almost never pan out well and you’d be hard-pressed to find a lender who would consider such an attempt forgivable.