Rates of the standing loan


A person with limited mobility may use the standing loan to buy any vehicle he chooses, provided that the vehicle contains all the accessories specified by the Medical Institute for Road Safety. The amount of the full standing loan will be the amount of the taxes applying to the determining vehicle (the type of vehicle and the engine size, according to which the standing loan is calculated), which is approved for a person with limited mobility, but no more than the amount of the taxes that apply to the vehicle that he purchased. The rate of the standing loan is determined by the percentage of mobility limitation and whether or not the person with limited mobility has a driver’s license. The determining vehicle is sometimes determined by a decision of the Medical Institute for Road Safety.

Rates of the standing loan: 

Type of entitled person

Rate of mobility limitation (in percentages of a full standing loan)

The determining vehicle by which the amount is determined

Rate of standing loan

Holds a driver’s license

80% or more

Up to 1,800 cc

100%

100% and he meets additional conditions*

Up to 2,000 cc

100%

40% - 79%

Up to 1,300 cc

40% - 79%
(same as the rate of mobility limitation)

Does not hold a driver’s license

80% - 100%

Up to 1,300 cc

45% - 75%
(at a rate of 75% of the mobility limitation)

60% - 79% Up to 1,300 cc Combining the percentages of the full standing loans that would have been given to each one of them separately, provided that the maximum obtained by this combination does not exceed 100%.

Those entitled to one shared vehicle - two family members who possess drivers’ licenses, and live in the same building

40% or more

The determining vehicle with the largest engine capacity (cc) of the two

As above.

Those entitled to one shared vehicle - family members who live in the same apartment, and only one of them possesses a driver’s license, or neither of them holds a driver’s license

40% or more for the person who holds a driver’s license, 60% or more for the person who does not hold a driver’s license

The determining vehicle with the largest engine capacity (cc) of the two

As above

Those entitled to one shared vehicle - two or more siblings who live in the same apartment, neither of whom or one of whom has not yet reached the age of 3 (provided that the other has not yet reached the age of 18)

80% or more for the one who has not yet reached the age of 3, 60% or more for the one who has reached the age of three

1,800 cc

100%

Both of them have reached the age of 3 but have not yet reached the age of 18

60% or more, for each one of them

1,800 cc

Combining the percentages of the full standing loans that would have been given to each one separately, provided that the maximum obtained by this combination does not exceed 100%.

One of them has reached the age of 18 and does not have a driver’s license, and the other has reached the age of 3 or has not yet reached the age of 3

60% or more, for the person who has reached the age of 18.

60% or more, for the person who has reached the age of 3.

80% or more, for the person who has not yet reached the age of 3.

1,300 cc

As above

A person with limited mobility for whom the vehicle to which he is entitled is not suitable from a physical standpoint or because of his driving limitations, and he requires a special vehicle.

40% or more, if he has a driver’s license

60% or more, if he does not have a driver’s license

The make and model of the vehicle determined by the Medical Institute for Road Safety

80%-100% limited mobility - 100% standing loan on a permanent vehicle.

40%-79% limited mobility - loan rate will depend on the percentage of limited mobility.

For a co-owned vehicle - combination of full standing loan rates that would have been grant to each one separately, provided that the resulting rate does not exceed the rate limit of 100%.

 __________
* A person with 100% limited mobility who has a valid driver’s license is entitled to a vehicle with a 2,000 cc engine, if he meets the following conditions:

1.   The medical committee or the medical appeals committee determined that he is permanently confined to a wheelchair or is able to walk only with the help of long orthopedic devices on both legs.
2.   He is a person with limited mobility who is an earner for 21 full months out of the 24 months that preceded the date of submission of the claim.
3.   He is not a disabled person as defined in the Disability Insurance Law.
4.   He did not receive a loan from the loan fund, or five or more years have elapsed since the date on which he received the loan.