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Section: Questions   Category: Money Matters
TAGS:bank  ribbis
Money Matters - Home Equity Loan
Submitted by Chaim  Answered by Rav Yehonoson Hool
No. The bank does not recognize your friend, only you. So the bank is lending you money (with interest) and in effect you are lending money to your friend, who is paying you interest by paying off your debts of interest to the bank.
posted:2009-02-25 01:37:29