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.