This is about free play, not loans. This means that you can get money for free, so

This is usury. If someone says to give you a loan, it is to advise you not to accept it, because it is usury, not a real loan. The man you are talking about is a domestic company, a liar and a usurer. Interest should be above 10 cent. There are many credit loans now, which are similar to castles in the air, but the interest is much less. It is better to go to a regular company for a loan. Suggest a loan or go to the bank.