Get Transamerica Loan Request 2010-2024

How long will it take to process my withdrawal request and receive the funds? Once you have submitted the online withdrawal request through your MyGuideStone account or GuideStone has received your completed withdrawal application, the processing time for the withdrawal is typically 5–7 business days.

Please allow up to 3 weeks to receive a check for the loan amount you requested from your Policy/Certificate. *Only Policies/Certificates with a Cash Value can be borrowed against.

The 401(k) loan process can anywhere from a day if you do it online to a few weeks if done manually. Once completed, it may take two or three days for a direct deposit to reach your account.

Depending on who administers your 401(k) account, it can take between three and 10 business days to receive a check after cashing out your 401(k). If you need money in a pinch, it may be time to make some quick cash or look into other financial crisis options before taking money out of a retirement account.

Please allow up to 3 weeks to receive a check for the loan amount you requested from your Policy/Certificate. *Only Policies/Certificates with a Cash Value can be borrowed against.

Once the distribution is reviewed and approved, the payment will be processed. Payments are generally received within 7-10 business days for a check; 5-7 business days for direct deposit (if available).

The Approval Process Submit a loan application to your employer or 401k plan administrator. Complete a credit check and provide proof of income and expenses. Wait for approval or denial of your loan application. If approved, sign loan documents and receive funds.

Can I take out a loan from my account balance? If your plan permits, you may borrow the lesser of 50% of the vested balance or $50,000 minus the highest outstanding loan over the previous 12 months. For more information regarding your plan's loan provisions, contact your plan administrator.