Financial Loan Overview

For Massachusetts residents with disabilities, the Alternative Finance Program’s Financial Loan provides low, 4.75% interest rate loans for the purchase of assistive technology products and services with a cost of over $4,000.

The Financial Loan is intended to make assistive technology products and services more affordable for disabled Massachusetts residents. At 4.75% interest, financing through the Alternative Finance Program’s Financial Loan is usually much less expensive than through other traditional loan products.

We are very aware that many disabled Massachusetts residents go without necessary assistive technology due to the large up-front cost and high interest rates that accompany many loan products. We are also aware that this can greatly restrict a person’s independence and create hardships navigating daily life. That’s why we’ve helped finance approximately $17 million in assistive technology products for thousands of Massachusetts residents. From modified vehicles, to adapted recreation equipment, to high end hearing aids and more.

If you’re a disabled Massachusetts resident interested in purchasing an assistive technology product or service costing more than $4,000, consider applying for a Massachusetts Alternative Finance Program Financial Loan. Use the tools on this page to estimate your monthly payment, and read more about the eligibility factors below.

General Eligibility Overview

To be eligible for a Financial Loan, the applicant must:

  • be a Massachusetts resident, or applying on behalf of a Massachusetts resident

  • have a disability, or be applying on behalf of a person with a disability

  • be seeking a loan for an assistive technology product or service necessary to maintain or improve the functioning of a person with a disability as it relates to the disability

  • demonstrate the ability to repay the loan

  • submit a complete application

  • submit all documentation necessary to prove eligibility

    General Information

  • 4.75% interest for the life of the loan

  • Financial Loans may be paid off early with no penalty

  • The length of the loan varies based on the device or service requested

  • Financial Loans are processed in conjunction with a banking partner

    Please see our our Program Eligibility PDF or FAQ section for more information and answers to common loan program questions.

To determine your estimated monthly loan payment, enter the loan amount needed, enter the number of months listed for the type of equipment you are seeking a loan for, and then click “enter” or “Monthly Payment.”

  • New Vehicle: 96 months (8 years)

  • Used Vehicle under 50,000 miles: 84 months (7 years)

  • Used Vehicle over 50,000 miles: 72 months (6 years)

    • The program does not support vehicles over 100,000 miles

  • Hearing Aid: 60 months (5 years)

  • Mobility Aid: 60 months (5 years)

  • Communication Aid: 48 months (4 years)

  • Vision Aid: 46 months (4 years)

  • Computer Equipment: 36 months (3 years)