Question on the Laws of Interest

Interest on loans

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Question

Hello and blessings! I received an offer to purchase courses at a price of 2997 or to pay in ten installments of 330, which totals 3300 shekels. Is there an issue of interest here? And if so, is there a solution? If I request to add another product that was not included in the regular price, will that help?

Answer

Hello Rabbi

There is an issue here, and a heter iska needs to be arranged according to the law.

Source

According to the instructions of the Gaon, Rabbi Avraham Fried, shlita

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