Get Loan Application - Penserv

Completing the Loan Application - PenServ online can seem daunting, but with clear guidance, you'll navigate the process with ease. This comprehensive guide will walk you through each section of the application form, ensuring you understand the information required to successfully submit your loan request.

Follow the steps to complete your Loan Application.

1. Click ‘Get Form’ button to obtain the application form and open it in your editing tool.
2. Fill out the general plan information section by entering the name of the employer, which is the American Association of Christian Schools, and the business phone number, (423) 622-7310. Ensure all details are accurate.
3. Review eligibility for loans section, confirming you are an active employee or beneficiary of the plan. Make note that a maximum of two loans can be outstanding at a time.
4. Proceed to the loan application procedure, indicating your intention to apply for a loan by completing the required fields. This includes personal information such as your name, social security number, and current address.
5. Specify the requested loan amount and repayment period, adhering to the maximum limits outlined in the form. Take care to ensure this amount does not exceed 50% of your vested account balance or $50,000.
6. Indicate your selection for how loan proceeds should be delivered, choosing from options like standard US Mail or ACH transfer. Ensure you provide necessary banking details if applicable.
7. Review and fill out the section regarding fees, acknowledging any initiation and administration fees that may apply.
8. Ensure all required signatures are completed, including your agreement to the terms of the loan application and the automatic payment authorization, before submitting the application.
9. Once all sections are complete, you can save your changes, download the form for your records, print it for a physical submission, or share it as needed to finalize your loan application.

Start filling out your Loan Application online today to take the next step towards securing your loan!