Phillips 66 Savings Plan

Loans

Although the plan is designed for long-term savings, you can borrow from your account.

Here are some of the loan provisions:

  • Minimum amount: $1,000.
  • Maximum amount: 50% of your account balance up to $50,000 (or less if you have had an outstanding plan loan in the past 12 months).
  • Maximum outstanding loans: three, one of which can be for the purchase of your principal residence.
  • Repayment: up to 58 months for a general purpose loan; up to 238 months for purchase of a principal residence.
  • Application/origination fee (per loan): $35 when applying online or through VOICE®; $85 when applying by phone with personal assistance from a Vanguard associate.
  • Annual maintenance fee (per loan): $20.
  • Interest rate: prime rate plus 1%.

To request a loan, contact Vanguard.

The true cost of a loan