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 with you who is poor, you shall not be to him as a creditor; neither shall you charge him interest.
for that is his only covering, it is his garment for his skin. What would he sleep in? It will happen, when he cries to me, that I will hear, for I am gracious.
At the end of every seven years you shall make a release. This is the way of the release: every creditor shall release that which he has lent to his neighbor; he shall not exact it of his neighbor and his brother; because the LORD's release has been proclaimed. read more. Of a foreigner you may exact it: but whatever of your is with your brother your hand shall release. However there shall be no poor with you; (for the LORD will surely bless you in the land which the LORD your God gives you for an inheritance to possess it;) if only you diligently listen to the voice of the LORD your God, to observe to do all this commandment which I command you this day. For the LORD your God will bless you, as he promised you: and you shall lend to many nations, but you shall not borrow; and you shall rule over many nations, but they shall not rule over you. If a poor man, one of your brothers, is with you 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 surely open your hand to him, and shall surely lend him sufficient for his need, which he lacks. Beware that there not be a base thought in your 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 cry to the LORD against you, and it be sin to you. You shall surely give him, and your heart shall not be grieved when you give to him; because that for this thing the LORD your God will bless you in all your work, and in all that you put your hand to. For the poor will never cease out of the land: therefore I command you, saying, You shall surely open your hand to your brother, to your needy, and to your poor, in your land.
You shall not lend on interest to your brother; interest of money, interest of food, interest of anything that is lent on interest: to a foreigner you may lend on interest; but to your brother you shall not lend on interest, that the LORD your God may bless you in all that you put your hand to, in the land where you go in to possess it.
No man shall take the mill or the upper millstone to pledge; for he takes a life in pledge.
When you do lend your neighbor any kind of loan, 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 forth the pledge outside to you. read more. If he be a poor man, you shall not sleep with his pledge; you shall surely restore to him the pledge when the sun goes down, that he may sleep in his garment, and bless you: and it shall be righteousness to you before the LORD your God.
You shall not deprive the foreigner, or the fatherless of justice, nor take a widow's clothing in pledge;
If you lend to those from whom you hope to receive, what credit is that to you? Even sinners lend to sinners, to receive back as much. But love your enemies, and do good, and lend, expecting nothing back; and your reward will be great, and you will be children of the Most High; for he is kind toward the unthankful and evil.