Person to Person loan - what is a fair interest Rate?

[curran]

live in California, I am letting a friend borrow money and i am making up a contract for the loan and want to put in a fair interest rate. what would be fair and if i had to go to court what is the most small claims will let you charge on interest ?. anything else i should know about person to person loans ? and any other suggestion ?

[favian]

You dont do this. I is not fair by helping your frnd you dont ask money for your loan.