My employee, who earns around ₹30,000 and has been with me for 5.5 years, needs a loan. She’s committed to repaying in a year. Could you advise on a fair interest rate for this situation?

As per Indian law, there’s no specific regulation for interest rates on personal loans between employer and employee. A fair rate would consider factors like prevailing market rates, employee’s financial stability, and the risk involved. Consulting a financial advisor or referring to a reputable financial institution’s rates could be helpful.