Usury in the Bible: What It Meant and How the Church Taught It



  • When the King James Bible says “usury” it means interest of any kind on a loan, high or low, and it never once uses the word “interest”.
  • The law told an Israelite not to charge a poor brother and let him charge a foreigner, and Leviticus gives the reason, “that thy brother may live with thee” (25:36).
  • We counted “usury” 24 times in 17 verses, 22 of them in the Old Testament and the other two in Jesus’ parables of the talents and the pounds.
  • Nehemiah made the nobles of his day give back what they had taken from their own people, and Ezekiel says the man who lends on usury “shall surely die”.
  • The councils ruled against usury from Nicaea in 325 to Vienne in 1311–1312, first for the clergy and then for everyone, and in 1515 the Fifth Lateran Council let charitable lenders to the poor ask a moderate sum for their costs.
  • Calvin wrote in 1545 that usury must be judged by justice and charity, and two hundred years later Benedict XIV held that any gain beyond the sum lent is usurious.
  • Catholic teaching today accepts a fair profit and condemns usury, and in 2018 the Vatican named interest rates beyond what borrowers can bear.

Usury in the Bible is what we now call interest, any charge at all on a loan, whether the rate is cruel or small. The law of Moses forbade an Israelite to take it from a fellow Israelite, above all from one who had fallen poor, and let him take it from a foreigner (Exodus 22:25; Leviticus 25:35–37; Deuteronomy 23:19–20). The King James Bible never once says “interest”, so “usury” has to do all the work there. Since those translators…

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