Check whether your 401(k) plan allows loans
Review your plan’s loan limits, fees, and repayment rules
Decide how much you need to borrow, up to the plan’s allowed maximum
Contact your plan administrator or log in to your retirement account
Request a 401(k) loan application or start the loan request online
Choose the repayment term allowed by your plan
Submit the required forms and any supporting information
Wait for loan approval and processing
Receive the loan funds, usually by direct deposit or check
Make repayments on time through payroll deductions or the method required by your plan
Confirm the loan balance and repayment schedule with your plan provider
Repay the loan fully to avoid default and possible taxes or penalties