How Much Money Do I Have To Have In My Account To Get A Loan On It

How many loans are allowed?

• The number of loans outstanding varies by plan. Please see your plan’s Loan Policy for more details. The plan’s loan policy can be obtained from your plan administrator.

2. What is the amount I can borrow?

• Generally, you can borrow up to 50% of your vested account balance or $50,000 less the highestoutstanding loan balance in the past 12 months, whichever is less.

Loans are limited to 50% of your vested account balance up to a maximum of $50,000. If you had an
outstanding loan or loans during the 12-month period ending the day before your new loan, you must
reduce the $50,000 limit by the highest outstanding loan balance during that period, less the outstanding
balance on the day before the new loan is made, and a new loan, when added to the outstanding balance of
any existing loans, cannot exceed this limit.

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