Plan Loans

Participants may take out a loan against their Plan account balance.

Maximum Amounts

  • 50% vested balance**, or
  • $50,000, whichever is less

Repayment

  • Within five years
  • Substantially equal payments
  • Quarterly payments, at minimum
  • 15 years, if for the purchase of a principal residence

Other Requirements

  • Plan must allow for plan loans
  • Plan must approve the loan

*Individual vendor contracts may or may not allow for this feature.
**If 50% of the vested balance is less than $10,000, you may borrow up to $10,000. Plans are not required to include this exception.



 Administered and Marketed by American Fidelity Assurance Company, dba AFPlanServ®

ESB-4144-0816