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Your Question:
Can I still get a loan?
Answer:
Can I still get a loan? The Bible does not prohibit borrowing money, but it does provide guidelines and restrictions on lending and borrowing money at interest. According to Deuteronomy 23:19-20, the Torah forbids anyone to charge interest on loans. In fact, the sages taught that whoever increases wealth by taking interest or profit from a loan is not able to do so when it is in the power of their hands to do so (Luke 6:34-35). This means that it is permissible to borrow or lend at interest so long as the rate is not exorbitant or oppressive. However, the Bible does provide some cautions and guidelines for lending and borrowing money. In Proverbs 22:7, it is written that the rich rule over the poor, and the borrower is slave to the lender. This verse highlights the potential consequences of borrowing money, and the importance of being mindful of one's financial obligations. Additionally, in Luke 6:34-35, Jesus teaches that if a person has the means to help someone in need, they should do so generously, rather than lending money at interest. In terms of modern banking and lending practices, the Bible's teachings on interest and loans may seem somewhat outdated. However, the underlying principles of the Bible's teachings are still relevant today. For example, the Bible emphasizes the importance of living within one's means and being mindful of one's financial obligations. It also encourages generosity and compassion towards those in need, rather than exploiting them for financial gain. These principles can still be applied in today's financial systems, and can provide a moral framework for making responsible financial decisions. Ultimately, whether or not it is wise to take out a loan will depend on one's individual circumstances and financial situation. However, by considering the Bible's teachings on interest and loans, individuals can make more informed and responsible financial decisions.
Sources:
introduction biblical ethics
robertson mcquilkin
exodus
r alan cole
deuteronomy
edward woods
psalms
tremper longman
proverbs
lindsay wilson
christian theology
millard erickson
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