The Assistive Technology Loan Program helps Maryland residents with disabilities and their families qualify for low-interest loans to buy equipment that will help them live, work, and learn more independently.
Who Can Apply?
Anyone who intends to use the loan to buy assistive technology for a Maryland resident with a disability. That includes people with disabilities, family members, friends, etc.
Will Everyone Be Able To Get A Loan?
No. You must have a good likelihood of repaying a loan. The program will look at income compared to debt, stability in residence/job, and credit history. Some applicants will be declined, but the program's criteria are much less stringent than those of a bank and will enable many people who would be turned down for bank loans to receive funding.
How Much Can I Borrow?
Loan amounts from $500 to $50,000.
Loan terms up to eight years on certain vehicles.
Unsecured loans available up to $5,000.
Unsecured Home Modification Loans up to $10,000.
*Other restrictions may apply. It’s important to speak with loan program staff to determine specific loan amounts and terms.
What Is The Interest Rate?
All loans have below-market interest rates. Most loans have rates below prime.
What Type Of Equipment Can I Buy With These Loans?
A wide variety of assistive technology. "Assistive Technology" is any device that helps a person with a disability live more independently and productively. It includes:
- Home modifications
- Adapted vehicles
- Scooters and wheelchairs
- Braille equipment
- Hearing and vision aids
- Augmentative communication devices
- Environmental control units
- Computers and adaptive peripherals
- Many other devices
Money Management & Education
Not sure how your credit will impact your loan application? Need financial advice? CASH Campaign
provides free financial classes and coaching.