In medieval times the practice of Lending money for interest called?

Answer 1

usury

Lending money for interest is a very old process. But now the way of doing this has changed.

On internet you can find sites like www.yes-secure.com which allow you to lend your money to others via their site. These sites check for the credit and history of the borrowers and thier ability to repay the loans which you will lend to them.

The practice of lending should be done with proper care as may loss your money.

Answer 2

Lending with interest was called usury. Today usury implies excessively high interest.