Can I have more than one loan at a time?

Most plans allow for only one outstanding loan at a time.  You must completely pay off your existing loan before borrowing additional funds from your plan.

Depending on your situation, you may be able to take an additional loan from a different retirement plan if you have more than one retirement plan with GuideStone. Check your MyGuideStone® account to determine if you are eligible for another loan.

If you wish to borrow against your retirement account but have already met your maximum number of loans allowed, you have the option of paying off an existing loan in order to receive another. Please know that in some cases, your loan available after pay off may be less than your current or original loan amount due to IRS limitations.  

For more information on making additional loan payments or to pay off your current loan, click here.

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