What is the ruling on taking loans from banks?
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Question:
A questioner says: May Allah reward you. Is it permissible to take loans from banks?
Answer:
Good loans are permissible from banks and others, provided they do not involve any benefit or investment return. That is, a loan you take to meet your need and repay in full without any increase. This is the good loan. As for a loan on which you pay an increase or a benefit, even if it is not a tangible increase, this is riba (usury or interest). Every loan that brings a benefit is riba, whether in banks or elsewhere. Banks do not lend except on this basis; they do not lend except with interest. Yes.
A questioner says: May Allah reward you. Is it permissible to take loans from banks?
Answer:
Good loans are permissible from banks and others, provided they do not involve any benefit or investment return. That is, a loan you take to meet your need and repay in full without any increase. This is the good loan. As for a loan on which you pay an increase or a benefit, even if it is not a tangible increase, this is riba (usury or interest). Every loan that brings a benefit is riba, whether in banks or elsewhere. Banks do not lend except on this basis; they do not lend except with interest. Yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، ما حكم أخذ القروض من البنوك؟ للشيخ الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.