Is the loan considered usurious if the fund's source of financing is from loan repayments and their interests, along with a portion of the institution's profits, and it is granted only to employees without the institution benefiting from it?

Loans with conditional interest are unlawful usury (riba), regardless of their purpose (such as housing) or the beneficiary group (such as the general public or a specific segment). It is not permissible to engage in such a transaction except in cases of compelling necessity or duress.