<prompt> Human: Sorry if this is the wrong sub for this question, I know it isnt typical here but I wasnt sure where else to do it besides maybe rAskReddit.Im not particularly happy about the loan---who would be---but long story short this friend found a job that sounds decent and hell be making a nice salary so indications are that he should be able to pay me back. He has been unemployed for some time and needs some money now to pay rent for him and his 8mos pregnant girlfriend, his half-baked plan of making money with cryptos backfired rather severely.So, anyhow, I am a good friend, I could afford to lose 1,500 today and I plan on loaning it to him, but I would like to do everything in my power to make sure I get it back at some point.So, a few questions if anyone has input!: Should I outline the terms of a payment planschedule, or just leave it up in the air? Whats a good Helping a friend interest rate? Based on my searches it looks like maybe 1.5 though I would have guessed higher. Anyone aware of a tool I can use for this that would track the status of this loan so he and I can access it at any time? Any other clauses I should consider including in a contract, or any misc tips for this situation?  <response>: Dont give money you expect to be returned to you. Thats my top advice. At this point Im 27 Ive given about 7000 in similar situations to what youre describing and not any of it has been repaid. I didnt expect it to be at the time it was given is the difference. 