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Usury in the Bible - a Christian perspective
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