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] my people, [to] the needy with you, you will not be to him as a creditor; you will not {charge him interest}.
because it is his only garment; it is his cloak for his skin. In what will he sleep? {And} when he cries out to me, I will hear, because I [am] gracious.
"At the end of seven years you shall grant remission of debt. And this [is] the manner of the remission of debt: every {creditor} shall remit his claim that he holds against his neighbor, and he shall not exact payment [from] his brother because there remission of debt has been proclaimed unto Yahweh. read more. [With respect to] the foreigner you may exact payment, but {you must remit} what shall be [owed] to you [with respect to] your brother. Nevertheless, there shall not be among you a poor [person], because Yahweh will certainly bless you in the land that Yahweh your God [is] giving to you [as] an inheritance, to take possession of it. If only you listen well to the voice of Yahweh your God {by observing diligently} all of these commandments that I [am] commanding you {today}. When Yahweh your God has blessed you, [just] as he {promised} to you, then you will lend to many nations, but you will not borrow [from them], and you will rule over many nations, but they will not rule over you. If [there] is a poor [person] among you from [among] one of your brothers in one of your {towns} that Yahweh your God [is] giving to you, you shall not harden your heart, and you shall not shut your hand toward {your brother who is poor}. But you shall certainly open your hand for him, and {you shall willingly lend} [to] him enough to meet his need, {whatever it is}. {Take care} so that there will not be {a thought of wickedness} in your heart, {saying}, 'The seventh year, the year of the remission of debt is near,' {and you view your needy neighbor with hostility}, and [so] you [do] not give to him, and he might cry [out] against you to Yahweh, and {you would incur guilt against yourself}. By all means you must give to him, and {you must not be discontented} at your giving to him, because on account of this [very] thing, Yahweh your God will bless you in all your work and {in all that you undertake}. For the poor will not cease to be {among you} [in] the land; therefore I [am] commanding you, {saying}, 'You shall willingly open your hand to your brother, to your needy and to your poor [that are] in your land.'
"{You shall not charge your brother interest on money}, interest on food, or interest on anything that one could lend on interest You may lend on interest to the foreigner, but to your countryman you may not lend on interest, so that Yahweh your God may bless you {in all your undertakings} in {the land where you are going}, {in order to take possession of it}.
"A person shall not take a pair of millstones or an upper millstone, for {he is taking necessities of life as a pledge}.
"When you make a loan to your neighbor, a loan of any kind, you shall not go into his house {to take his pledge}. You shall wait outside, and the man [to] whom you [are] lending, he shall bring the pledge outside to you. read more. And if [he is] a needy man, you shall not sleep in his pledge. You shall certainly return the pledge to him {as the sun sets}, so that he may sleep in his cloak and may bless you, and it shall be [considered] righteousness {on your behalf} {before} Yahweh your God.
You shall not subvert the rights of an alien [or] an orphan, and you shall not take as pledge [the] garment of a widow.
And if you lend [to those] from whom you expect to receive [back], what kind of credit is [that] to you? Even sinners lend to sinners, so that they may get back an equal [amount]! But love your enemies, and do good, and lend expecting back nothing, and your reward will be great, and you will be sons of the Most High, because he is kind to the ungrateful and wicked.