403(b) loans are a way to borrow money from your 403(b) retirement account.
To request a Loan log on to your account at MyGuideStone. Select Loans and Withdrawals >Loan.
Loans and loan repayment plans are managed directly between GuideStone and the employee. Reliant does not offer payroll deduction for loan payments.
Loan Guidelines:
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 3.
Maximum term of any loan is 5 years.
See the Summary of Plan Provisions for more details.
If you have questions about a Loan, please contact Barb Seckler, at 407-270-1318 or barb.seckler@reliant.org for a confidential discussion of your options.