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Simple thing. Borrow Money from Jews give 300 and we must return 350 gold. But this should be scaled by level of lord. Emperor should get more gold than duke and should return more.
I think that the Jewish money mechanic is intentionally designed to help smaller realms more - 300 gold could be 20-30 years income for a tiny realm but only a halfway decent feast for a huge one. It is designed to help players overcome the first few years without being squished, a bit like the Present Debutante and Promote Commander options - after a few years there are so many people that you can invite to court these options become meaningless.
Still, I'd like to see the option to borrow from your mayors and vassal MRs - it really sucks being broke and under attack from all sides while your local mayor is sitting on 1500 ducats !
You must remember also about bankruptcy, war etc. When you have less than 0 you get -25% morale. If you take loan - you can fight for longer. In a critical situation (eg. Turkish Invasion on Byzantium, when then are goal of Shia Jihad), you may need extra mercenaries. For great king or emperor 300 gold for mercs is nothing.