In a majority of cases, you must explain why you need to borrow the money. Sometimes you are just supposed to mention that in the form that you are asked to fill in at the very beginning. Other lenders require detailed shopping lists from people who need Cash loans to buy course books for their children or to get a new car. Well, it all depends on the lender, as you can see. As a rule of thumb, banks are more strict about what you borrow the money for. They can base their assessment of a customer"s creditworthiness on things such as a detailed description of all necessary needs. You have a greater chance of being approved if you know what you want and can predict when you will be able to give the money back. However, loan companies usually have a different policy. It does not mean that they lend money to just anyone, of course. But the truth is, they are not as strict when assessing the creditworthiness, and sometimes you do not even have to explain why you"re borrowing the cash. It"s quite convenient, of course, but remember that such cash loans usually have a slightly higher interest rate. Well, the choice is yours. If you do not feel like explaining your reasons, you might just as well choose one of such offers.