What Does The Bible Say About Lending Money?

Answered on



Coins and a scale

In today’s society, lending money is a common practice. We borrow and lend for various reasons, such as starting a business, purchasing a home, or meeting unexpected expenses. But have you ever wondered what the Bible has to say about this? As a holy book with wisdom and guidance for every aspect of life, it offers valuable insights into the concept of lending. Let’s explore the biblical perspective on lending money and how we can apply these teachings to our lives today.

Understanding the Concept of Lending in Biblical Times

In order to comprehend the Bible’s teachings on lending, it is crucial to understand the role of money in ancient societies. During biblical times, economies were primarily based on agriculture and bartering. Money was scarce, and lending was a means of survival for individuals and communities alike.

People borrowed to meet their basic needs, make necessary investments, and support themselves during times of hardship. However, the practice of lending money was not without its complications and ethical considerations.

The Role of Money in Ancient Societies

Money held significant importance in ancient societies. It served as a medium of exchange and facilitated trade and commerce. However, the scarcity of money made lending a crucial aspect of economic life. Without access to borrowed funds, individuals and communities often struggled to survive and thrive.

Although loans played a pivotal role in alleviating financial hardships, they could also lead to detrimental consequences if not approached with wisdom and prudence.

For example, in ancient Mesopotamia, one of the earliest civilizations, lending was a common practice. However, the interest rates charged by lenders were often exorbitant, leading to a cycle of debt that was difficult to escape. This predatory lending system resulted in widespread poverty and inequality, with the rich becoming richer and the poor sinking deeper into debt.

In contrast, ancient Israel had specific laws and regulations governing lending practices. The Mosaic Law, found in the books of Exodus, Leviticus, and Deuteronomy, provided guidelines to ensure fairness and justice in lending. These laws prohibited charging interest on loans to fellow Israelites and emphasized the importance of compassion and generosity towards those in need.

The Biblical Perspective on Debt

Debt is a recurring concept in the Bible, and its implications are highlighted throughout both the Old and New Testaments. The Bible teaches that debt should be approached cautiously and that we should strive to avoid unnecessary debt whenever possible.

Proverbs 22:7 reminds us, “The rich rule over the poor, and the borrower is slave to the lender.” This verse warns against the potential bondage and loss of freedom that can come from being indebted to others.

However, the Bible also recognizes that there are times when borrowing is necessary and unavoidable. It encourages responsible and honest borrowing, highlighting the importance of fulfilling our obligations and repaying our debts.

One biblical story that illustrates the consequences of debt is found in the book of 2 Kings. In this account, a widow approaches the prophet Elisha for help, as she is about to lose her two sons to creditors who are demanding payment for her late husband’s debts. Elisha performs a miracle, multiplying the little oil she has so that she can sell it and pay off her debts. This story serves as a reminder of the importance of seeking assistance and finding solutions when faced with overwhelming debt.

Furthermore, the New Testament encourages believers to be mindful of their financial responsibilities. In Romans 13:8, the apostle Paul writes, “Let no debt remain outstanding, except the continuing debt to love one another.” This verse emphasizes the importance of fulfilling our obligations, both financial and relational.

Overall, the Bible’s teachings on lending and debt provide guidance for navigating the complexities of financial transactions. It encourages responsible borrowing, compassionate lending, and the fulfillment of obligations. By understanding the historical and biblical context surrounding lending practices, we can apply these principles to our own lives and strive for financial wisdom and integrity.

Key Bible Verses on Lending and Borrowing

Throughout the Bible, there are numerous verses that provide us with guidance on lending and borrowing. Let’s explore some of the key teachings from both the Old and New Testaments.

Old Testament Teachings on Lending

In the Old Testament, lending was seen as an act of charity and kindness. The Israelites were instructed to lend to those in need without charging interest, especially to their fellow Israelites.

  1. “If any of your fellow Israelites become poor and are unable to support themselves among you, help them as you would a foreigner and stranger, so they can continue to live among you.” – Leviticus 25:35
  2. “If you lend money to one of my people among you who is needy, do not treat it like a business deal; charge no interest.” – Exodus 22:25

These verses emphasize the importance of generosity and compassion when lending to others, particularly those in vulnerable circumstances.

In addition to these teachings, the Old Testament also provides examples of individuals who demonstrated the principles of lending and borrowing. One such example is the story of Boaz and Ruth. Boaz, a wealthy landowner, allowed Ruth, a widow and foreigner, to glean from his fields, providing her with a means to support herself and her mother-in-law. This act of kindness and generosity can be seen as a form of lending, as Boaz extended his resources to help someone in need.

Another example is the story of Joseph in Egypt. When a severe famine struck the land, Joseph, who had risen to a position of power, implemented a system of lending grain to the people. He allowed them to borrow from the storehouses during the years of plenty, and in return, they repaid the borrowed grain during the years of famine. This system ensured that the people had enough to eat and prevented widespread starvation.

New Testament Insights on Borrowing

The New Testament also provides valuable insights into the concept of borrowing. Jesus teaches his followers to be wise stewards of their resources and to consider the long-term consequences of their financial decisions.

One of the key teachings on borrowing can be found in Romans 13:8, which states, “Let no debt remain outstanding, except the continuing debt to love one another.” This verse encourages us to prioritize love and compassion over financial obligations.

While debt can be necessary at times, the Bible warns against accumulating excessive debt and encourages us to manage our finances responsibly. In the parable of the talents, Jesus tells the story of a master who entrusts his servants with different amounts of money. The servants who were faithful and responsible with what they were given were rewarded, while the one who buried his talent and did nothing with it was punished. This parable teaches us the importance of using our resources wisely and avoiding unnecessary debt.

Furthermore, the New Testament also emphasizes the importance of seeking God’s guidance and provision in our financial matters. In Matthew 6:31-33, Jesus instructs his followers not to worry about their material needs but to seek first the kingdom of God and His righteousness, trusting that God will provide for them.

Overall, the Bible provides us with a comprehensive guide on lending and borrowing, emphasizing the principles of generosity, compassion, responsible stewardship, and seeking God’s guidance in our financial decisions.

The Bible’s Guidance on Interest Rates

Interest rates play a significant role in lending and borrowing. From a biblical perspective, it is essential to understand the concept of usury and its implications in our financial transactions today.

Usury in the Bible: What Does it Mean?

The Bible acknowledges the ethical concerns associated with charging excessive interest rates, commonly known as usury. Usury refers to the practice of exploiting borrowers by charging exorbitant interest rates, often leading to financial oppression and injustice.

In the Old Testament, Exodus 22:25 states, “If you lend money to one of my people among you who is needy, do not treat it like a business deal; charge no interest.” This verse encourages lenders to act with fairness and compassion, especially towards those in need.

Modern Interpretations of Biblical Interest Rates

While the Bible provides guidance on charging interest rates, modern interpretations may vary. Many Christians view the biblical teachings on interest rates as contextual to the societies of biblical times and emphasize the importance of fair and just lending practices today.

Applying biblical principles to the modern world involves considering the well-being of borrowers, avoiding exploitation, and upholding principles of justice and fairness in financial transactions.

Biblical Principles for Responsible Lending

As followers of Christ, there are biblical principles that we can apply to our lending practices to ensure we are acting responsibly and in accordance with God’s teachings.

The Importance of Generosity and Kindness

Generosity and kindness are fundamental biblical principles that should guide our lending practices. We are called to lend to those in need, especially when they are unable to support themselves. It is crucial to approach lending with a compassionate heart, seeking to help others rather than exploit them.

The Dangers of Exploitation and Injustice

The Bible consistently condemns exploitation and injustice in financial dealings. Lenders should exercise caution and avoid taking advantage of borrowers by charging excessive interest rates or exploiting their vulnerable situations.

Proverbs 28:8 warns against the consequences of such practices, stating, “Whoever increases wealth by taking interest or profit from the poor amasses it for another, who will be kind to the poor.”

Applying Biblical Teachings on Lending to Today’s World

As we navigate the complexities of lending in the modern world, it is vital to integrate biblical principles into our financial decision-making.

Ethical Lending Practices Inspired by the Bible

One way we can apply biblical teachings is by choosing ethical lending institutions and products. This involves selecting lenders that prioritize fairness, transparency, and responsible lending practices.

  • Offering affordable interest rates
  • Providing clear and transparent contract terms
  • Supporting individuals and communities in need

By aligning our financial choices with biblical principles, we can ensure that our lending practices reflect integrity and kindness.

The Role of Faith in Financial Decisions

Finally, it is essential to remember that our faith should guide our financial decisions, including lending and borrowing. Seeking God’s wisdom, praying for discernment, and consulting with trusted advisors can help us navigate the complexities of borrowing and lending while remaining aligned with biblical principles.

Ultimately, our goal should be to honor God in our financial dealings, promoting justice, compassion, and fairness.


In conclusion, the Bible provides valuable guidance on lending money. It emphasizes the importance of responsible lending, avoiding exploitation, and treating others with kindness and compassion.

By applying biblical teachings to our financial decisions, we can ensure that our lending practices reflect integrity, justice, and a heartfelt desire to help those in need. May we strive to honor God in all aspects of our lives, including our lending practices, and may our actions be a reflection of our faith and love for one another.


Leave a Reply

Your email address will not be published. Required fields are marked *


Currently powered by GPT-4 AI