All loans with the intent on purchasing personal/non-business or investment goods or services should be taxed on 5% of the total loan value up-front.
This should help both disincentivize average people from taking on huge personal loans and tax ultra wealthy people who get large low interest lows to avoid paying taxes.
However, loans below $10,000 should have no 5% up-front tax in place until a more affordable healthcare system can be established across the country. Untaxable loans should be limited to each person once per month.