The Loan Calculator estimates loan re re payments in line with the amount you need to borrow from your TSP account, the present loan interest price, along with other facets. To borrow from your own TSP account, you should be a Federal employee in pay status. You may be eligible to borrow is $50,000; the minimum amount is $1,000 if you qualify for a TSP loan, the maximum amount. To locate out of the quantity available for you to borrow, visit TSP Loans when you look at the My Account area.
Individuals frequently make use of this calculator to find out a brand new buck quantity they need to subscribe to achieve the IRS restriction without exceeding. However when you change simply how much youвЂ™re contributing, it will take 1-2 pay durations for the agency or solution to process the amount that is new. The TSP will still receive the amount youвЂ™re contributing now during that time.
Enter an estimate of just exactly exactly how much youвЂ™ll contribute before any modifications just take effect. If you’re uncertain, consult with your workers or finance workplace.
Enter a dollar that is whole between $1,000 and $50,000.
Interest: The rate that is current brand brand new loans just isn’t available , which will be the present G Fund rate of interest.
There are 2 kinds of loans.
- General function loan having a payment period of 1 to five years. No paperwork is necessary.