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Social loans

שו”תSocial loans
asked 5 years ago

Is it permissible to lend money in the form of a “social loan”?

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0 Answers
מיכי Staff answered 5 years ago

I don’t know. What is it?

החול replied 5 years ago

I think he meant it.
The idea is simple. On the one hand, there are people who are interested in giving a loan and receiving attractive interest on their free money. On the other hand, there are people, with a monthly salary of 5,000 NIS or more, who need a loan.

The ”company” makes the connection between them, verifies their abilities, coordinates their expectations and makes it happen. (When there is no need to finance luxurious offices and branches, salaries, fat bonuses and cups of tea... Many intermediaries along the way have simply become redundant…)

What is more interesting than a regular loan with a faded interest rate? (If not in the ”business permit”)

החולק replied 5 years ago

By the way, every source of such an offer should be checked. If it works at all according to the law. It's not worth getting into trouble…

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