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Some Information About Loans And Payments
The National Federation of the Blind, Committee on Assistive Technology, has been established to provide low interest loans to help blind persons purchase assistive technology. Such technology might include: computers, screen reading hardware/software, electronic note takers, Braille embossers, optical character recognition (OCR) systems, refreshable Braille devices, and speech synthesizers. By low interest we mean three percent.
If your credit information does not help you to qualify for the loan in terms of your employment, income, and indebtedness, it may be possible to secure the loan with collateral or by having someone else co-sign for the loan.
As to make the most of the funds available, we would like to keep the term of each loan as short as possible. This means that we probably won't be able to extend to you a thirty year loan at 3% interest. Depending upon the amount of the loan and your ability to make loan payments, terms from one to four years are most likely. In addition, due to the limited funds available, loan requests in excess of $6,000 will likely not be granted.
Generally, we ask that individuals seeking a loan be prepared to pay at least $50 per month. In view of the relatively high cost of assistive technology for the blind, you will probably end up paying more than this amount on a monthly basis.
Questions about technology loans should be directed to:
Curtis Chong, ChairmanPlease provide all the information requested below