Does taking an additional loan conditioned on repayment of a previous loan constitute interest
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Question
Hello.
He owed his fellow money and kept putting him off, telling him to go and come back later. Now he needs to borrow an additional sum of money; the lender agreed to lend it to him on condition that he repays the entire amount, including the first sum, within a week. Is this permitted?
Answer
Shalom u’vracha.
It is permitted, since he is not adding anything to what he already owes.
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