Create your 401k loan Application Form from scratch

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Here's how it works

01. Start with a blank 401k loan Application Form
Open the blank document in the editor, set the document view, and add extra pages if applicable.
02. Add and configure fillable fields
Use the top toolbar to insert fields like text and signature boxes, radio buttons, checkboxes, and more. Assign users to fields.
03. Distribute your form
Share your 401k loan Application Form in seconds via email or a link. You can also download it, export it, or print it out.

Create 401k loan Application Form from the ground up by following these step-by-step guidelines

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Step 1: Start off by launching DocHub.

Begin by signing up for a free DocHub account using any offered sign-up method. If you already have one, simply log in.

Step 2: Sign up for a free 30-day trial.

Try out the entire suite of DocHub's pro features by signing up for a free 30-day trial of the Pro plan and proceed to build your 401k loan Application Form.

Step 3: Create a new blank doc.

In your dashboard, click the New Document button > scroll down and hit Create Blank Document. You’ll be taken to the editor.

Step 4: Organize the document’s layout.

Use the Page Controls icon marked by the arrow to toggle between two page views and layouts for more flexibility.

Step 5: Start adding fields to design the dynamic 401k loan Application Form.

Use the top toolbar to add document fields. Insert and format text boxes, the signature block (if applicable), embed images, etc.

Step 6: Prepare and configure the incorporated fields.

Configure the fillable areas you incorporated per your chosen layout. Customize each field's size, font, and alignment to ensure the form is user-friendly and professional.

Step 7: Finalize and share your document.

Save the completed copy in DocHub or in platforms like Google Drive or Dropbox, or create a new 401k loan Application Form. Share your form via email or get a public link to reach more people.

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Build your 401k loan Application Form in minutes

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
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While some plans may allow you to take out more than one loan from your 401(k) at a time, if you do, the amount you can borrow will be reduced. For example, if you already have a loan for $10,000 and wish to take another, then your maximum loan amount on the second loan is $40,000.
A participant may have more than one outstanding loan from the plan at a time. However, any new loan, when added to the outstanding balance of all of the participants loans from the plan, cannot be more than the plan maximum amount.
Yes, as long as the plan allows for it. But there are some important caveats here. First is that many loan policies do not overtly say whether or not loan refinancing is permitted.
The total loans outstanding cannot exceed $50,000. There is a 12 month look back period, which means you can borrow up to 50% of your total vested balance of all accounts you owned for the last 12 months, reduced by the highest outstanding balance over this look back period.
If you have an existing 401(k) loan, you can take another 401(k) loan at any time based on the highest outstanding balance in the previous 12 months. However, if you have exhausted your 401(k) loan limit, you must wait until the lapse of the 12-month rolling period to take a second loan.
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Build your 401k loan Application Form in minutes

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Related Q&A to 401k loan Application Form

The 401(k) loan process Once you submit your loan application it will be reviewed. Generally, this takes about one business day. However, if there are any questions about your application or if further documentation is needed because you are purchasing a primary residence, additional review time may be required.

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