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Stair lift
loan
Do you need a loan to help
pay for a stair lift?
The cost of a stair lift can
be a big one-off bill. For people with limited incomes and
savings this can present a huge hurdle to
overcome.
A stair lift loan may be one
way of addressing the issue - but you need to inform
yourself of the choices and consequences of entering in to
any loan agreement.
If you are fortunate, you
may be able to get some sort of grant or funding to help pay
for your stair lift.
As of 2009, people in the
UK could apply for a Disability Facilities Grant to pay
for stair lifts and other essential living aids. Grants had
to be assessed and awarded before any work began and were
awarded via local councils. To find out the current
situation you can contact your local authority - the correct
numbers will be in your phone book or on the local authority
website.
A direct loan - or finance
agreement from your stair lift provider - may be another
option.
However, as with any loan,
you need to be aware of the payment liability and work out
if you can afford to meet the repayments.
Even if you don't require
the stair lift after a certain period, you will still be
responsible for the amount of money you borrow.
Some organisations and
charities will offer grants or loans to help with the cost
of a stair lift. They may require part or all of the amount
given to be repaid.
In the UK it may be
possible for homeowners or tenants of a private landlord to
get a loan to pay for a stair lift through a local Home
Improvement Agency. Such agencies can advise on how to
install and pay for devices and if any benefits are
available.
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