What is the ruling on employees taking housing loans from their institution through a usurious bank, with the institution bearing the interest?

Borrowing with interest is impermissible because it is usury (riba), as it involves a loan that brings benefit to the lender, which is forbidden by scholarly consensus. It is also impermissible to take such a loan from an interest-based bank, even if the company undertakes to pay the interest, due to the involvement in usurious transactions, aiding them, and approving of them. This is exempted for those in dire necessity.