For more details about the loan regimen, see the Summary approach information sold at UCnet. Get on NetBenefits or phone Fidelity at 1-866-682-7787 to work with.
General-purpose or Principal Home.
Processing moment (from end of funding ask)
Finance see generally released in three to five business days. You should let more time the consult to achieve you by post. You can also setup automated account exchange (EFT).
You may possibly get one General Purpose funding and something key house mortgage in a 12-month stage. You might have a particular General Purpose as well as one major residency funding outstanding at any given time.
Brand new debt
After a pre-existing mortgage is definitely payed off, you must wait around ten schedule nights before you can get a fresh financing.
Minimal requisite balances in 403(b) strategy
Optimal offered loan amount
Determined combined stability in 403(b), DC, and 457(b) schedules. 1
Offered authority for money
Financing are readily available from UC investment Menu bills. Label accuracy Retirement work to choose the investments from where taking your loan. Unless you discover the funds, the mortgage would be taken pro-rata across all finances in accounts.
Optimal absolute the amount you want
Low monthly repayment quantity
Minimum: 12 months. Optimum: 60 seasons for General Purpose; 180 weeks for important Residence.
For effective personnel: debt obligations are actually directed to your present financial investment election via payroll reduction .After breakup: mortgage repayments are readily available through computer finances Transfer (EFT) given that the 403(b) prepare remains open with a qualified balance.