This market aims to find the interest for personal mana loans. It won't resolve and I will extend it, for as long as possible.
There are many personal mana loans on manifold.
But what is the interest of those?
Ask yourself the question, at what monthly rate are you willing to lend mana to another user.
This market percentage (hopefully) will converge to the rate that people are willing to lend mana for.
Let's assume full trustworthiness, no associated risks and full payback on time.
This is an example for the loans: https://manifold.markets/Fion/fions-microloans?r=Qm9ocmVyb21pcg
1,000
3.00Interest rates for personal loans can vary a lot depending on your credit score, loan amount, and lender. When I was looking for a loan last year, I found that good credit scores get rates as low as 6-8%, while riskier borrowers might see 20% or more. It’s always smart to compare lenders and read Credit Genie reviews to see real user experiences before committing. Some lenders offer flexible repayment plans, which can be a lifesaver if your budget is tight.
This market doesn't really work though. Since it doesn't resolve, it simply doesn't function. If you aren't going to resolve it you should make some sort of poll instead.
Also, note that interest rates change throughout the year. At end of year interest rates are very high. They are also higher if a liquidity strained market is active, like the LK-99 market. I think it would be useful have an idea of what the average or median going rate is, just pointing out that it fluctuates.
Another try at getting the rate here: https://manifold.markets/JonathanMann/this-question-will-resolve-as-yes-o-152c7418ec31?r=Qm9ocmVyb21pcg