One of the senior person told me regarding the same ( Loan with Interest, Insurance etc..)
He Said
Every human being is having different status, Some are Rich, Some are poor, Some are in Middle, Some have life satisfaction, Some donot etc etc..
This system is that ALLAH has given to us
Now while using Interest, this System becomes imbalance ( i.e The amount you have to pay is more than actual amount. )
Mostly people are not able to pay and hence instead of profit they loose and become more poor.
One of the Sign of Qiyamah ( Day after resurrection ) is :
Interest will become common
Now even muslim dont think this is Haram
Allah help us to understand and follow the right way .. AAmeen
Wassalam
P.S : What ever Right information mention above was from ALLAH, and if any False details was shared, that was from me myself. May ALLAH help us to follow the Right information and us from any False details..Aameen