Is it also haram to pay interest?

Interest is one of the seven biggest sins. It's the reason for the curse. It is a reason to remove blessings and it is haram for both those who take interest and pay it. In a hadith narrated by Muslim, the Messenger of Allah, peace and blessings be upon him, the taker of interest, its giver, its recorder and its witnesses are all alike. (1598th hadith) In particular, the reason why it is mentioned as "the one who takes the interest" is because the person who takes it is seen as more beneficial.