God strictly forbade the Israelites against usury when they loaned money to other Israelites, but they could when loaning to Gentiles. It's important to remember that usury used to mean charging any kind of interest, not just exorbitant interest.
http://biblegateway.com/passage/?search=Deuteronomy%2023:20&version=NIV
Topics: Usury, Charging Interest
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