I am buying a land in India for that i need personal loan for about 15k. I am not sure what should be the good reason to give to credit unions to get the loan approved.
Please suggest and thanks in advance for the help.. :)
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The truth is usually the best reason to give when asked why you want the loan. Expect the credit union to be fairly leery of giving someone an unsecured loan to buy land in a foreign country. A bank in India might be a better bet. If that fails, you might try a Peer to Peer lending site like Lending Club or Prosper if you qualify, though the interest rate won't be great.
Your personal loan in this case sounds much like a personal line of credit as per this. Since it mostly seems like an unsecured loan vs one taken against a collateral, you should not really be obliged to mention any specifics.
Also it mentions:
If a borrower defaults on an unsecured loan, the lender cannot claim property.
If you are not keeping this property as collateral (as it is a personal loan) there is no obligation to mention it on your application. You could have taken this loan for any personal reason whatsoever you like to mention which can be a debt consolidation etc.