Financial Loans For Assistive Technology & Home Modifications
Low-Interest Loans For The Purchase Of Assistive Technology (AT)
If you are a person with a disability or are the caregiver for someone with a disability, then you understand how important assistive technology can be for the overall quality of life. The Montana Assistive Technology Loan (MATL) provides individuals with an opportunity to purchase assistive technology such as self-care aids, home or vehicle modifications, prosthetics, orthotics, and communication devices.
100+
Applicants Awarded
0%
APR Interest Rate On Loans Under $1,500
3.5%
APR Interest Rate On Loans Over $1,500
MATL Loan Program Eligibility
The Montana Assisted Technology Loan Program eligibility parameters are:
- Any Montanan with a disability.
- A family member or guardian borrowing on behalf of a Montanan with a disability.
- An active member of the United States military stationed in Montana.
Loan Details
- 0% Annual Percentage Rate (APR) Loans up to $1,500
- 3.5% Fixed Annual Percentage Rate (APR) Loans $1,501 and above
- View the fee schedule here.
Eligibility does not guarantee a loan, however MATL offers a variety of financial services and resources.
Examples of Assistive Technology
- Aids For Daily Living
- Home Modifications
- Prosthetics & Orthotics
- Communication Devices
- Switches/Input
- Worksite Modifications
- Hearing Aids
- Computer Adaptations
- Durable Medical Equipment
- Environmental Control
- Farm Machinery Adaptation
- Vehicles & Vehicle Modification
- Vision Aids
How To Get Started
1. Gather Required Documentation
- Primary Form of Identification: i.e. Montana State ID
- Secondary Form of Identification: i.e Social Security card or utility bill
- Equipment Verification Documents: i.e print-out of a website page, estimate from a manufacturer, etc
- Proof of Income: i.e: pay stubs, SSI award letter, etc
- Other Personal Documentation: Letters of support, other items requested or needed by the loan review committee
- Estimate of Insurance: (Vehicle Loans only)
2. Fill Out The Application
Download the PDF or complete the application online.
3. Loan Evaluation
Upon approving eligibility and all materials requested, the application will be submitted to the MATL Loan Review Committee. The Loan Committee will evaluate all of the applicant’s documents and approve or decline the application.
4. Loan Decision
The Loan Committee will provide a decision in writing to the applicant within 30 business days.
- Approval: Upon final loan approval, the borrower will be directed on the next steps to close the loan.
- Denial: If the Loan Committee declines a loan the applicant will be sent an adverse action letter within three business days of the determination. The letter may offer an alternative to the applicant such as:
- Approval for a lesser amount.
- Approval with a qualified co-applicant or other conditions.
- RDI financial counseling services that may assist them in establishing an acceptable credit rating.
Apply Now
Print & Return
Download the fillable or printable loan application (PDF) and return by mail or email.
Apply Online
Complete the application electronically. Caution, this option does not save as you progress & is a one-time commitment.
This Program Would Not Have Been Possible Without The Assistance Of The Collaborative Efforts of These Agencies
Rural Dynamics, Inc. (RDI)
MonTECH
Living Independently For Today & Tomorrow
Summit Independent Living Center Inc.
Montana Independent Living Project, Inc.
Arthritis Foundation
Montana Telecommunications Access Program
Montana Vocational Rehabilitation
