How much interest do you pay on a 401k loan?
How much interest do you pay on a 401k loan?
5% to 6% Therefore, you can expect to pay an interest rate of 5% to 6%, but the rules may vary across different retirement plans. The 401(k) plan sets the term of the 401(k) loan including how much you can borrow, the interest rate, and the repayment period.
