<prompt> Human: Im on mobile so sorry in advance for errors.Ok so Im 22 years old and have had my job with my 401k since I was about 19. Im in a bind right and need some extra money. I can borrow 2k with 4.5 interest which is better than a bank that offered 7 as Im still building credit at the moment. My biggest question, is there a catch? Does it have and bad implications for my future? Any kind of penalty clause? Does it just work like a bank loan? Thanks in advance!  <response>: There are a few catches. First, if you leave your employer for any reason before you pay off the loan, the entire loan balance is typically due within 60 days. If you cant pay it off, the entire unpaid balance is subject to income taxes and 10 early withdrawal penalty. Also, while the money is out of your account, it will not grow like the rest of your 401k funds. 