is interest forbidden in christianity

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People also ask

  • What does the Bible say about not charging interest on loans?

  • God’s word is simple and not complicated, so when we read Luke 6:34,35 the word clearly encourages us to lend but not to charge interest at any rate. Even in the Old Testament (Deuteronomy 23:19-20) God discourages his men not to charge interest to any of his brothers.

  • Is it a sin to charge interest on a loan?

  • Religious prohibitions on usury have been asserted within the tenet that charging interest on a loan is a sin. The definition of usury is the illegal action or practice of lending money at unreasonably high rates of interest.

  • What does the Bible say about taking interest?

  • The Jews were prohibited by the law of Moses to take interest from their brethren but were allowed to take it from foreigners. The prohibition grew out of the agricultural status of the people, in which ordinary business loans were not needed and loans, as were required, should be made only as to friends and brothers in need.

  • Is it okay for Christians to lend money?

  • I think a lot of people’s first reaction to the question “should Christians lend money”, is that Christians should not in fact lend money. After all, there are a lot of verses in the Bible warning us of the dangers of debt. The rich rule over the poor, and the borrower is slave to the lender.