It is not interest-free, but you can apply for a discount.
Loans for the disabled also need interest, but there will be subsidies and so on. Interest on loans for the disabled from low-income families shall be fully reimbursed by the District Disabled Persons' Federation. Generally, 50% of the loan interest of the disabled will be reimbursed, and the disabled with a slightly better economy will only assist in the loan and will not be reimbursed.
Is the loan for disabled people to buy a house interest-free? Some loans are interest-free, while others are not.
When buying a house, many borrowers want to apply for some special discounts in the bank. However, most ordinary people have no way to apply for interest-free or low-interest mortgage concessions. With so many borrowers consulting, is it interest-free for the disabled to buy a house loan? Some loans are interest-free, while others are not!
Is the loan for disabled people to buy a house interest-free?
According to the regulations, as long as the borrower holds a disabled card and has poor family conditions, there are discount, interest-free and tax-free benefits when applying for loans. Many areas have also set up special support funds for disabled people to start businesses, where disabled people can apply for small support loans ranging from tens of thousands to hundreds of thousands.
However, the interest rate of mortgage itself is not high, and the loan amount is too large, which is not suitable for some borrowers with weak or unstable repayment ability. Therefore, it is not interest-free for disabled people to apply for a mortgage in a bank. Only when the disabled apply for special loans, such as small loans and business loans, can they be interest-free with disability certificates.
In addition, the loan interest of low-income families with disabilities is fully reimbursed by the District Disabled Persons' Federation, and the general loan interest of disabled people is reimbursed by 50%. Disabled people with a slightly better economy only help with loans and will not be reimbursed.
If applying for commercial loans, disabled people also need to ensure that they have a fixed business place and a certain amount of their own funds. If it is a partnership, there must be a partnership agreement and valid documents. The final business activities are in full compliance with relevant national laws and regulations and have certain repayment ability.
The above is the sharing of the related content of "Is the disabled person's housing loan interest-free?". I hope it will help everyone!
Now that people are disabled, can the loan interest 20 years ago be exempted?
I can't. Whether the loan is interest-free depends on whether the lender has civil capacity at the time of loan, and you had civil capacity at the time of loan 20 years ago, so now people who are disabled can't avoid interest.