Do I need to pay back the money that I receive from Lendtable? Lendtable Team July 11, 2023 21:10 Updated Yes, you do! Your Lendable Balance consists of the deposits you receive, plus the accrual of Lendtable’s profit-share. However, it's important to note that the calculation and payment schedules differ between our 401(k) and ESPP Lines of Credit. For the 401(k) Line of Credit, your balance consists of the total dollar amount of deposits you receive, along with a flat fee of 20% based on the employer matching contributions you received while utilizing your 401(k) Line of Credit. As for the ESPP Line of Credit, your balance is comprised of the total dollar amount of deposits you receive, along with a flat fee of 35% calculated using the discount applied to the shares purchased while using your ESPP Line of Credit. If you have any further questions regarding your Lendtable balances or payment structure, please reach out to our support team. We are here to assist you. Related articles Can Lendtable help me take out a 401(k) loan? How does Lendtable work? How much will I receive in my reimbursement? Example Scenario: Repaying after one year using a 401(k) withdrawal. Left employer. What is an ESPP? Comments 0 comments Please sign in to leave a comment.
