An official website of the United States government
Policyholders who have eligible permanent plans of insurance may borrow up to 100 percent of the cash value of the policy after it has been in force for one year or surrender the policy for its cash value. Loans are granted in any amount up to 100 percent of the policy's reserve value, minus any existing indebtedness against the policy, plus interest.
To be eligible for a loan or cash surrender, you must have a permanent plan issued under one of the following programs:
To apply for a policy loan online please use our "Instant Loan" feature.
You can apply for the cash value by submitting:
You can apply for a loan by submitting:
Variable Interest Rate between 5 to 12 percent with no Upfront Fees or Pre-payment penalties. Maximum Loan Length at maturity. Maximum Loan Amount 100 percent of the policy cash value.
For more information, see the "VA Life Insurance Programs for Veterans and Servicemembers Handbook," topics "Guaranteed Values" and "Policy Loans."
If you have questions:
| Max Loan Length | At maturity |
|---|---|
| Interest Rate | Variable between 5-12% |
| Max Loan Amount | 100% of the policy reserve value |
| Payment Frequency | Annual |
| Prepayment Penalties | None |
| Fees | None |
