MGO Online Loan Application

We strive to make the loan process as simple and quick as possible. The entire process, from application to receiving loan proceeds, generally occurs within 7 to 10 business days.

NOTE: To use, your plan must allow loans to participants and have opted for MGO's online feature. Check your plan's Summary Plan Description (SPD) if you are unsure.

Your loan application is subject to your plan’s written loan program. For example, if your plan requires proof of hardship, you will be required to provide documentation of your hardship prior to receiving loan proceeds.

There is a $100 fee for the loan note and amortization schedule. In addition, there is a $25 per year charge, (per the term of the loan). This will be automatically deducted from your account balance at the time your loan withdrawal occurs.

Please indicate in the form below how you would prefer the promissory note and amortization schedule sent to you (email, fax, etc.). Promissory note must be signed and returned before the loan can be processed.

Personal Information

1. Name:
   
2. Home Address:
   
3. City:
   
4. State:
   
5. Zip Code:
   
6. Daytime Phone Number:
   
7. FAX Number:
   
8. Personal Email Address:
   
9. Last 4 digits of your SSN:
   

Plan and Loan Information

1. Plan Name:
   
2. Payroll Frequency: Choose your payroll frequency. --------------------------- Weekly (52 checks/year) Bi-Weekly (26 checks/year) Semi-Monthly (24 checks/year) Monthly (12 checks/year)
   
3. Amount Requested:
   
4. Number of Years for Loan: Choose the number of years. --------------------------- One Two Three Four Five
   
5. Reason for Loan:
   
6. Send Information Via: Delivery options. --------------------------- Email FAX Regular Mail
   

NOTE: Only participants in plans opting to have online loan application may apply for a loan on this website.

NOTE: To use, your plan must allow loans to participants and have opted for MGO's online feature. Check your plan's Summary Plan Description (SPD) if you are unsure.