Low-Interest Loan

Many people with disabilities and older Pennsylvanians may need some type of assistive technology but they don’t have the resource to make it happen. PATF can help! At PATF, we are committed to providing low-interest loans so people can afford the devices that will help improve the quality of their lives.

PATF’s Low-Interest Loan Program

For loans greater than $1,000, the current interest rate is 4%. If a borrower has good credit, then their loan may be approved as a traditional loan for up to $60,000. The repayment term of the loan is based upon the expected life of the device.

If there are credit issues such as a low FICO score, high debt-to-income, or no credit history the bank may request that the PATF Board of Directors guarantee or back the loan. If the Board agrees to do so, the maximum amount an applicant can borrow is $25,000.

What are Examples of Assistive Technology?

• Home modifications (ramps, roll-in showers, lowered counter tops, widened doorways)
• Adapted vehicles (lowered floors, ramps, tie-downs, hand controls)
• Stair glides
• Hearing aids
• Seat-lift chairs
• Environmental controls (alarm systems, automatic lights, door openers)
• Computer and/or specialized software
• CCTVs or other reading devices

Who does PATF Serve?

• PATF is a program for Pennsylvania residents who need assistive technology devices and/or services.
• PATF can help people of all ages, disabilities and health conditions.
• People of all income levels may apply for a loan. An applicant must have an ability and willingness to repay a loan.

PATF is a Consumer Choice Program

• Loans can be used in combination with other funding resources.
• Borrowers choose the technology they want.
• Borrowers purchase from the retailer of their choice.