Can I take a loan from my retirement account?

In most cases, yes. However, not all retirement plans allow participants to take a loan. If you are eligible for a loan from your retirement plan, the minimum amount you may borrow is $1,000. The maximum loan amount is the lower of the following:

1) 50% of your vested account balance 


2) $50,000, less the highest outstanding loan balance in the preceding 12 months

Loans are available for terms between 1 and 5 years or between 1 and 10 years for a principal residence loan. Repayments are drafted monthly from your financial institution on or around the 5th or 20th.The interest rate will be fixed at the time the loan is modeled at 1% above the prime rate as published in The Wall Street Journal. All interest paid, along with principal, will be credited to your retirement account. A loan origination fee of $50 and the first annual maintenance fee of $40 will be assessed upon issue of the loan. Subsequent annual maintenance fees are applied annually on the anniversary date of your loan.

If you would like to take a loan, you may do so by logging in to your MyGuideStone account.

Click here to login and model a loan now

Once logged in, you will find the loan tool by following the steps below:

1) Click the "Retirement and Investments" tab
2) Click "Loans"
3) Under Loan Modeling, click "Model a Loan" to open the tool and follow the instructions

Once completed, please allow 1 hour for delivery of the loan documents to your "My Messages" tab.

Important notes for completing your application:

  • If your loan application requires your physical signature, you will be instructed to print the application and sign it. 
  • If your loan application requires Spousal Consent, you must print the application and have your spouses signature notarized. If your state requires a notary to use an embossed raised seal stamp, please lightly shade over the raised seal with a pencil prior to uploading, emailing, or faxing the application to GuideStone. 
  • If your loan application requires Employer Verification, you must have an authorized official from your employer's Human Resources department or Benefits office fully complete this section (or previous employer if separated from service) . You are not permitted to complete this section yourself.
  • Once you have obtained the required signature(s), use the Document Uploader to submit your application and receive the fastest possible service.

If you have not created a MyGuideStone account, simply go to, click on “Register now with MyGuideStone” and follow the steps for registration.

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