05-26-2024, 02:14 PM
In my view, a fair personal loan offers reasonable interest rates, transparent terms, and flexible repayment options. For instance, a loan with a 5% interest rate, clear fee structure, and no hidden charges feels fair. Having the option to adjust repayment schedules in case of financial hardship, like during job loss, ensures the borrower isn't unduly pressured. This approach balances lender security with borrower needs, fostering trust and financial stability.