How many 401k loans can you have with wells fargo?

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Willow Jacobi asked a question: How many 401k loans can you have with wells fargo?
Asked By: Willow Jacobi
Date created: Sun, Apr 4, 2021 3:55 PM
Date updated: Fri, Jun 24, 2022 12:19 AM

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Big banks finance predatory lenders that can charge over 400…

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Generally, you can only borrow up to 50% of your vested account balance, up to a maximum of $50,000. Your employer may have different plan-specific limits. Many 401(k) loans charge one to two points above the prime interest rate.

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