<prompt> Human: A family member is asking for 45K loan over five or six years at 6 interest rate. I have the money, and I dont believe there is a lot of risk of default, should I do it?This family member has the ability to get a loan elsewhere, but not at that low of a rate. Basically, is this a reasonable deal for both of us? EDIT: Thanks for the responses! Please disregard the family component, all things being equal, is that loan terms a good use of money?  <response>: EDIT: Thanks for the responses! Please disregard the family component, all things being equal, is that loan terms a good use of money?Setting aside the family part, I would not even consider this without collateral. Banks make these loans as a pat of their business model. If you are beating the banks offer this should tell you its probably not a good idea. 