The Regulations Governing Rent and Mortgage Interest Subsidization for the Disabled Article 7

The limit of the home-purchasing loan to be given, the payback period, the calculation standard and the subsidization approach shall be determined according to the following regulations:1. Loan limit: The bank giving the loan shall make the decision in accordance with the results of investigation, but the maximum may not exceed NT$2.2 million.2. Payback period: The applicant and the bank giving the loan shall negotiate to make the decision. The grace period allowed for the applicant to pay the interest but not the principal shall be five years at the maximum. However, if the applicant is unableto pay back within the given period, the grace period may be extended provided that the bank giving the loan approves the extension, and the applicant and the bank giving the loan shall negotiate to determine the length of the extended grace period.3. Calculation standard: The interest rate shall be the same as the rate of interest on loans provided by the Public Housing Fund in order to subsidize the disabled for the difference between the interest rate imposed by the bank giving the loan and the rateof interest on loans provided by the Public Housing Fund.4. Subsidization approach: Disabled people complying with the regulation set forth in Article 5 may present proof of payment and a photocopy of the cover of the passbook issued by the bank giving the loan to apply for subsidization, and the competent authorityof the municipality, county or city shall appropriate the amount to the applicant directly.