Eligibility Criteria
Paraloan will lend to people with physical disabilities where other sources of finance are not available or affordable, and when a loan is considered to be in the best interests of the applicant.
Paraloan assists people with disabilities to help themselves by providing term loans for housing, vehicles and other purposes. To be eligible for a loan, applicants must meet the following criteria.
1. Physical disability
The loan is to be for the benefit of a person with a physical disability. (See to the right)
2. Applicant’s best interests
Paraloan considers that the loan will be in the applicant’s best interests.
3. Lending policy
Our focus is on helping our when you are finding it difficult to access funding. As a general rule, where other avenues of funding, such as banks, are not available or affordable. If you do have access to other funding, we may still be able to help you, but you may not be eligible for our lowest interest rate.
4. Secured and affordable
Satisfactory security is offered, where required, and the applicant has the ability to repay the loan. Paraloan wishes to emphasise that all applications are considered on their individual merits.
Extra notes
Financial assistance is available to people with physical disabilities. A next-of-kin or carer of a person with a physical disability may also be eligible.
All applications are considered on their individual merits.
Some of the disabilities meeting our eligibility criteria:
- Amputeeism
- Arthritis
- Cerebral palsy
- Chronic fatigue syndrome (ME)
- Chronic pain syndrome
- Curvature of the spine
- Hemaplegic
- Little person (small stature)
- Motor neurone disease
- Multiple sclerosis
- Muscular atrophy
- Muscular dystrophy
- Paraplegic
- Parkinsons disease
- Polio
- Spina bifida
- Stroke
- Tetraplegic
NB: This is not an exhaustive list.