Answer:
(Fatwa: 515/393/L=1432)
As per the Quran and Hadith, it is haram to take interest based loan. The Quran and Hadith sternly warn those who take interest based loan. The holy Prophet Muhammad (صلى الله عليه وسلم) cursed those who take interest, give interest, write it and bear witness to it. Hajj or Umrah are acts of worship. One may not be given permission to do haram for it. You and your parents keep on saving money for it and read durood extensively, in-sha-Allah; soon they will have the arrangements of Hajj or Umrah from Allah.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband
