Interest from the bank | Interest on loans | Ask the Rabbi - SHEILOT.COM

Interest from the bank

Question

Is an interest-bearing loan from a bank that is a limited-liability company (chevra ba'am) defined as ribbit ketzutza prohibited by Torah law?

Answer

Shalom u’vracha 

One may combine, for the purpose of being lenient, the view that this is not interest (ribbit) prohibited by Torah law.

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