The Loan Calculator estimates loan payments on the basis of the quantity you need to borrow from your own TSP account, the loan that is current price, along with other facets. To borrow from your own TSP account, you need to be a Federal worker 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 get out of the quantity available for you to borrow, visit TSP Loans within the My Account area.
Individuals frequently make use of this calculator to determine a dollar that is new they need to donate to achieve the IRS limitation without groing through. However when you change simply how much youвЂ™re contributing, it will take 1-2 pay durations for the agency or service to process the amount that is new. Through that time, the TSP will nevertheless have the amount youвЂ™re contributing now.
Enter an estimate of just exactly how much youвЂ™ll contribute before any modifications simply just take impact. If you should be uncertain, consult your workers or finance office.
Enter a whole dollar quantity between $1,000 and $50,000.
Rate of interest: The rate that is current brand brand new loans isn’t available , that is the existing G Fund interest.
There’s two forms of loans.
- General function loan by having a payment period of 1 to five years. No documents is necessary.
- Domestic loan with a payment amount of 1 to fifteen years. Continue reading