How it is permitted to take a bank loan with interest
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Question
Is it permitted to take an interest-bearing loan from a bank that has a heter iska for the purpose of making a wedding?
Answer
A heter iska is effective only if the borrower has a business that he can transfer to the bank, and therefore if he takes the loan for a business purpose, it is permitted. But if he does not take it for a business, he must have a business or an apartment that he can transfer to the bank in exchange for the loan. If he has neither of these, it is forbidden, and the heter iska does not help.
Source
Yoreh De'ah, siman 177
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