"When it comes to personal loans, a lot of them are unsecured loans and that is why theyre the riskiest as well. Here the interest rates are fixed, we are not allowed to change them as a lendor and if people stop paying these back then that is a huge concern for the lendors. The lendors who've lent at higher interest rates to population who are having a hand-to-mouth existence, those are the ones that will feel a lot of stress coming in."
