Has anyone had any experience in getting a personal loan for investment?
I've spoken to my bank and they will only approve a margin loan, which I already have. There are too many restrictions on margin lending (preferred shares, leverage limit/margin calls, no shorting etc). I already have a portfolio of shares but I'd like to borrow for some short term trades.
I dont understand why they will lend 40k for a wedding, holiday, car, boat or other massively depreciating asset, but wont lend for investment. If I have the ability to repay the debt, what does it matter for the purpose of the loan?