Rejected by banks, transgender goes online for home loan

Rejected by banks, transgender goes online for home loan

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The activist is the first transgender in Karnataka to register her marriage in the state.

Akkai Padmashali, who is the face of transgender rights in Karnataka, is battling to get a home loan after being rejected by many banks and has now gone online to raise money. Padmashali is the first transgender in Karnataka to register her marriage in the state.

She said that banks have been turning down her home loan application without giving any reason. “No bank gave me any logical reason for rejecting my application for a home loan. All they could say was I am not eligible for the loan and nothing more. And I know this is because of my identity — transgender,” Padmashali, 35, told IANS.

After numerous rejections by banks, she has not turned to Change.Org, an online platform which allows people to start and support campaigns on different issues. Padmashali started her online petition asking banks to sanction her home loan.

“I need a loan of Rs 10 lakh to buy my own house. I have raised some of the money by pledging my mother’s jewellery as collateral and with financial support from friends and crowd-funding,” she said.

However, her biggest fear is that if a loan is not approved she might be forced out of her rented accomodation when the lease expires on June 28.

“I don’t want to go back as a sex-worker. I deserve a dignified life, all the transgenders deserve the same. Getting a house even on rent is extremely difficult for us. I have no clue where I will live if my loan is not approved,” she added.

Having crossed many hurdles to achieve an identity of her own, Padmashali believes that her online petition will translate into her right to buy a house.

“It is sad and demoralising that the banking process is so slow and there is such a huge delay for a mere loan Rs 10 lakh which I am capable of repaying. I would like the banks to stop delaying the process and act speedily. If I am forced out on the street, they should feel responsible,” she said.

With more than 5,000 people signing the petition, Padmashali is hopeful that the private and corporate banks will listen to her need and will grant her the home loan.

[“Source-economictimes”]