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What Can an Accessibility Loan Be Used For?

Authored By: MIT FCU
What Can an Accessibility Loan Be Used For?

When mobility or daily living becomes more challenging, an accessibility loan can make a life-changing difference. Designed to help individuals finance adaptive tools and modifications, these loans provide funding for essential equipment that supports independence, safety, and comfort.

Here’s a look at what an accessibility loan can be used for:


Vehicle Modifications

If you rely on a car to get around, but traditional vehicles don’t meet your needs, an accessibility loan can help cover:

  • Wheelchair-accessible vans

  • Vehicle ramps or lifts

  • Hand controls and steering aids

  • Swivel seating and other adaptive driving equipment

These upgrades can make transportation safer and more comfortable—whether you're the driver or a passenger.


Home Accessibility Improvements

Your home should be a place of ease, not obstacles. Accessibility loans can fund home modifications such as:

  • Stair lifts and wheelchair ramps

  • Widened doorways

  • Roll-in showers and grab bars

  • Lowered countertops or accessible cabinetry

These improvements make daily living easier and safer, especially for those with mobility or dexterity challenges.


Assistive Equipment

From basic aids to high-tech tools, accessibility loans can also help purchase:

  • Power wheelchairs or scooters

  • Hearing aids or speech devices

  • Medical lift systems

  • Smart home technology tailored to physical or cognitive needs

These devices empower individuals to maintain independence and stay connected.


An accessibility loan helps cover the cost of essential equipment and modifications without the burden of paying everything upfront. Whether you're planning a major home project or just need a mobility solution, this type of financing can help you take the next step toward greater freedom and quality of life.



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