Exposing the Biblical Command- Why the Bible Prohibits Charging Interest on Loans

Does the Bible Say Not to Charge Interest on Loans?

The question of whether the Bible teaches against charging interest on loans has been a topic of debate for centuries. Many Christians interpret biblical teachings to suggest that charging interest is morally wrong, while others argue that certain exceptions exist. This article aims to explore the biblical perspective on charging interest on loans and examine the differing interpretations.

In the Bible, several passages address the issue of interest. One of the most notable verses is found in Leviticus 25:36-37, which states, “If your brother becomes poor and cannot maintain himself, you shall support him as though he were a stranger and a sojourner, and he shall live with you. You shall not lend him your money at interest or charge him interest.” This verse is often cited as evidence that the Bible prohibits charging interest on loans.

However, other biblical passages seem to allow for certain exceptions. For instance, in Exodus 22:25, it is mentioned that if someone borrows money from a non-Israelite, they can charge interest. This has led some Christians to argue that charging interest is permissible when dealing with non-believers.

Additionally, the New Testament includes instances where Jesus and his disciples engaged in financial transactions, such as the Parable of the Talents (Matthew 25:14-30) and the case of the talents entrusted to the servants (Luke 19:12-28). These passages have been interpreted by some as implying that charging interest is acceptable in certain contexts.

The interpretation of these biblical passages varies among Christians. Some argue that the prohibition against charging interest is a reflection of God’s concern for the poor and vulnerable. They believe that charging interest can lead to exploitation and exacerbate poverty, which is inconsistent with the teachings of Jesus and the spirit of the Bible.

Others contend that the biblical teachings on interest are not absolute and that exceptions exist. They argue that charging interest can be a legitimate way to compensate for the risk and effort involved in lending money, especially when dealing with non-believers or in certain economic circumstances.

In conclusion, whether the Bible teaches against charging interest on loans is a complex issue with differing interpretations. While some passages seem to prohibit charging interest, others suggest exceptions. Christians who hold to the belief that the Bible teaches against charging interest often do so out of concern for the poor and vulnerable, while others argue that exceptions exist based on specific biblical passages and cultural contexts. As with many biblical teachings, the interpretation of this issue continues to be a matter of theological debate and personal conviction.