A bank isn't giving away loans for less than inflation. Especially not in a year's time. They're looking at the fed rate (itself set according to inflation), adding one or two percent, and taking that. Yes, even for low risk loans with full collateral. Higher risk loans set it at fed rate plus 5 and go up from there.
The loudest anti-inflation voices over the past 40 years haven't come from the left. They're right-libertarians railing about "Audit the Fed". You should ask yourself why those temporarily embarrassed billionaires don't like inflation. It's definitely not because they have a sudden care about the working class on this issue.