Such questions are asked by a person, for the first time thinking about whether to borrow or not. Interest can be understood because all loans impose obligations, and not everyone knows what a personal loan is. Therefore, it is quite expected that the borrower has questions when he draws it up — what is it, and in what cases is it profitable to issue it?
Meanwhile, banks themselves are in no hurry to lend their money to everyone in a row and put forward rather stringent requirements for a potential borrower, thereby trying to minimize their risks. Despite tempting advertisements by banks that talk about the availability of online payday loans instant approval for everyone, many applicants hear denials of lending, and there are more than enough reasons for this.