US Catholic Faith in Real Life

Is it sinful to charge interest on a loan?

By Kevin P. Considine| Print this pagePrint | Email this pageShare
Article Justice

Let’s say I take out a mortgage to buy a home, most likely from a very large bank, on which I am charged interest. Or maybe I loan a friend money to start her own business. Once her venture succeeds, she pays me back what she borrowed, plus a 10 percent return as a gesture of thanks. Are either of these situations sinful?