Reference: Loans
American
Jehovah, as the sole proprietor of the land occupied by the Jews, required them, as one condition of its use, to grant liberal loans to their poor brethren; and every seven years, the outstanding loans were to become gifts, and could not be reclaimed. If a pledge was taken on making a loan, it must be done with mercy and under certain benevolent restrictions, Ex 22:25,27; De 15:1-11; 23:19-20; 24:6,10-13,17. The great truth so prominent in this and similar features of the Mosaic laws, ought to be restored to its fundamental place in our theories of property; and no one who believes in God should act as the owner, but only as the steward of what he possesses, all of which he is to use as required by its great Owner. In the same spirit, our Savior enjoins the duty of loaning freely, even to enemies, and without hope of reward, Lu 6:34-35.
See Verses Found in Dictionary
If you lend money to any of my people who is poor among you, you shall not be to him as a lender, neither shall you charge him interest.
For that is his only covering, it is his clothing for his skin: in what shall he sleep? and it shall come to pass, when he cries unto me, that I will hear; for I am gracious.
At the end of every seven years you shall make a release. And this is the manner of the release: Every creditor that lends anything unto his neighbor shall release it; he shall not exact it of his neighbor, or of his brother; because it is called the LORD'S release. read more. Of a foreigner you may exact it again: but that which you lend to your brother your hand shall release; Except when there shall be no poor among you; for the LORD shall greatly bless you in the land which the LORD your God gives you for an inheritance to possess it: Only if you carefully hearken unto the voice of the LORD your God, to observe to do all these commandments which I command you this day. For the LORD your God blesses you, as he promised you: and you shall lend unto many nations, but you shall not borrow; and you shall reign over many nations, but they shall not reign over you. If there be among you a poor man of one of your brethren within any of your gates in your land which the LORD your God gives you, you shall not harden your heart, nor shut your hand from your poor brother: But you shall open your hand wide unto him, and shall surely lend him sufficient for his need, in that which he lacks. Beware that there be not a thought in your wicked heart, saying, The seventh year, the year of release, is at hand; and your eye be evil against your poor brother, and you give him nothing; and he cries unto the LORD against you, and it be sin in you. You shall surely give to him, and your heart shall not be grieved when you give unto him: because for this thing the LORD your God shall bless you in all your works, and in all that you put your hand unto. For the poor shall never cease out of the land: therefore I command you, saying, you shall open your hand wide unto your brother, to your poor, and to your needy, in your land.
You shall not charge interest to your brother; interest on money, interest on food, interest on anything that is lent for interest: Unto a stranger you may lend for interest; but unto your brother you shall not lend for interest: that the LORD your God may bless you in all that you set your hand to in the land where you go to possess it.
No man shall take the lower or the upper millstone in pledge: for he takes a man's living in pledge.
When you do lend your brother anything, you shall not go into his house to get his pledge. You shall stand outside, and the man to whom you do lend shall bring out the pledge unto you. read more. And if the man be poor, you shall not sleep with his pledge: In any case you shall deliver him the pledge again when the sun goes down, that he may sleep in his own clothing, and bless you: and it shall be righteousness unto you before the LORD your God.
You shall not pervert the justice due the stranger, nor the fatherless; nor take a widow's clothing as pledge:
And if you lend to them of whom you hope to receive, what thanks have you? for sinners also lend to sinners, to receive as much again. But love your enemies, and do good, and lend, hoping for nothing in return; and your reward shall be great, and you shall be the children of the Highest: for he is kind unto the unthankful and to the evil.