How it is permitted to take a loan with interest from a bank

Heter Iska

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Question

Is it permitted to take a loan with interest from a bank that has a business permit for the purpose of organizing a wedding?

Answer

A business permit is only effective if the borrower has a business that can be transferred to the bank. Therefore, if the loan is taken for business purposes, it is permitted. If the loan is not for business, the borrower must have a business or an apartment that can be transferred to the bank in exchange for the loan. If he has neither, it is prohibited, and the business permit does not help.

Source

Yoreh De'ah, Siman 177

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