Www.tsp.gov/Loan- Thrift Saving Plan- Online Apply For TSP Loan

Www.tsp.gov/Loan is the loan page of Thrift Saving Plan web site. Where you can Online apply for TSP loan. At this site you can get more information about tsp loan. The TSP Loan program allows you to borrow money from your account while you are employed by the Federal Government or while you are a member of the uniformed services. Before taking out a TSP loan, you should carefully consider its potential effect on your retirement income.

When you take a TSP loan, you borrow from your TSP account. The amount of your TSP loan cannot exceed the amount of your own contributions and earnings from those contributions. So, if you work under the Federal Employees' Retirement System (FERS), you cannot borrow from any agency contributions or earnings from those contributions.

If you meet the loan eligibility rules and your loan request is approved, the loan amount is removed from your TSP account. You must repay your loan with interest. Repayments for the loan and interest are made through payroll deductions. Your repayments restore the amount of your loan, plus interest, to your account. For more information about tsp loan and if you want to online apply for tsp loan please visit this site.

Website: www.tsp.gov/Loan