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  • Maximum amount of any loan is the lesser of: a) 50% of the Member's Vested Account, reduced by any outstanding loan balance, or b) $50000, reduced by the highest outstanding loan balance during the one-year period ending on the day before the loan is made.

  • Minimum amount of any loan is $1000.

  • Maximum number of outstanding loans is 1.

  • Maximum number of loans approved in any 12-month period is 1.Maximum term of any loan is 5 years.

 

To request a Loan log on to your account at principal.com - Select Loans and Withdrawals - Request a Loan.  Loans can be paid out in the form of a check or a direct deposit. 

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