Concern of Ribit in a Bank Loan
This question and answer were automatically translated using our trained AI and have not yet been reviewed by a qualified rabbi. Please treat this translation with caution.
Go to original →
Question
A person wants to take several small loans from a bank for the purpose of buying an apartment, and since the right to a loan is given to everyone, he sends several people to take the loan, and he will repay it through them. Is there a problem of ribit for the borrowers since they are not taking it for business purposes?
Answer
If they establish a heter iska between them, there is no problem, since the borrowers act as agents to profit with the money, and he is the one who actually profits.
Source
Shulchan Aruch, Yoreh De'ah, Siman 177
Comments
Have an additional question on this topic or need clarification? Leave your comment below. (Please note that the comment will not be published but will be sent directly to the answering Rabbi for review and a private response)
