My mom-in-law got a cash loan a year ago and up to this time she is still paying it. When she applied for the loan, the agent told her that the percentage of the interest is just low, probably 5-10% each month. But when she got approved, and we computed the interest rate, we were shocked because the interest rate is almost 45%. Well she still pursued it since she really needs the money, but she is struggling for her monthly payment. Is the percentage rate of the loan acceptable or fair? Or is it too high?