TSP Loan Allotment

TSP participants can apply for loans from their TSP accounts. By law, loan application requests are restricted to the following:

• General purpose loan. General purpose loans can be obtained for any purpose. The repayment period for general purpose loans is from 1-4 years. Documentation to support requests for general purpose loans is not required.
• Residential loan. Residential loans can be obtained for the purpose of purchasing a primary residence. The repayment period for residential loans is from 1-15 years. Documentation to support requests for residential loans is required.

Amounts available for loans are limited to the participant’s contributions to TSP and the earnings attributed to such contributions.

To apply for a loan, participants must complete Form TSP-20, Loan Application, and submit the completed form to the TSP Service Office.

Upon receiving the loan application, the TSP Office will send the participant a loan package for approval