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 require interest from him.
For that is his only covering, his clothing for his body. In what shall he sleep? When he cries to Me, I will hear, for I am gracious and merciful.
At the end of every seven years you shall grant a release. And this is the manner of the release: every creditor shall release that which he has lent to his neighbor; he shall not exact it of his neighbor, his brother, for the Lord's release is proclaimed. read more. Of a foreigner you may exact it, but whatever of yours is with your brother [Israelite] your hand shall release. But there will be no poor among you, for the Lord will surely bless you in the land which the Lord your God gives you for an inheritance to possess, If only you carefully listen to the voice of the Lord your God, to do watchfully all these commandments which I command you this day. When the Lord your God blesses you as He promised you, then 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 there is among you a poor man, one of your kinsmen in any of the towns of your land which the Lord your God gives you, you shall not harden your [minds and] hearts or close your hands to your poor brother; But you shall open your hands wide to him and shall surely lend him sufficient for his need in whatever he lacks. Beware lest there be a base thought in your [minds and] hearts, and you say, 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 in you. You shall give to him freely without begrudging it; because of this the Lord will bless you in all your work and in all you undertake. For the poor will never cease out of the land; therefore I command you, You shall open wide your hands to your brother, to your needy, and to your poor in your land.
You shall not lend on interest to your brother -- "interest on money, on victuals, on anything that is lent for interest. You may lend on interest to a foreigner, but to your brother you shall not lend on interest, that the Lord your God may bless you in all that you undertake in the land to which you go to possess it.
No man shall take a mill or an upper millstone in pledge, for he would be taking a life in pledge.
When you 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 lend shall bring the pledge out to you. read more. And if the man is poor, you shall not keep his pledge overnight. You shall surely restore to him the pledge at sunset, that he may sleep in his garment and bless you; and it shall be credited to you as righteousness (rightness and justice) before the Lord your God.
You shall not pervert the justice due the stranger or the sojourner or the fatherless, or take a widow's garment in pledge.
And if you lend money at interest to those from whom you hope to receive, what quality of credit and thanks is that to you? Even notorious sinners lend money at interest to sinners, so as to recover as much again. But love your enemies and be kind and do good [doing favors so that someone derives benefit from them] and lend, expecting and hoping for nothing in return but considering nothing as lost and despairing of no one; and then your recompense (your reward) will be great (rich, strong, intense, and abundant), and you will be sons of the Most High, for He is kind and charitable and good to the ungrateful and the selfish and wicked.