This is not permissible because renting is halal and borrowing in Riba is haram.

Will it become permissible to take a riba-based home loan if renting becomes difficult?

Riba | March 2, 2014 4:48 am
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Basically I have a interest free loan from a credit card company. Is it permissible?

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I have heard an opinion of some qualified shuyukh that first time home buyers in a non-Muslim country are allowed to take a riba-based loan. What is their justification for this?