January 9, 2014

Q: How is the interest rate determined?

A: All loans bear an interest rate determined on a quarterly basis based on when your loan application is received equal to the bank prime rate (as reported by the Federal Reserve) plus 1%. You should log onto www.prudential.com/online/returement or call Prudential Retirement @ 877-PRU-2100 for the current rate at the time of your loan application. Once your loan is approved, the rate will remain in effect for the life of the loan.