TSP Loan Rate

**Frixxxx** · 10-15-2009, 06:12 PM

Looks like we are up to 3.0%.

Don't know when they raised it.

Just thought the G Funders would like to know!

**Davehop21** · 10-15-2009, 09:14 PM

I believe it was 3.25 until recently like 3 weeks ago it dropped to 3.

Dave at VA

**Frixxxx** · 10-15-2009, 09:17 PM

Last time I looked it was 2.75...so wow....from there to 3.5 back to 3.0

Good reason not to be sitting in "G".

**Frixxxx** · 11-13-2009, 05:34 PM

Loan interest rate for new loans is 3.125%. as of Nov 2nd

**Frixxxx** · 12-03-2009, 02:44 PM

TSP Loan Interest Rate is currently: 2.875%.

For those who desperately need the money.

G Funders are not happy!

**Frixxxx** · 01-06-2010, 08:53 PM

TSP Loan Interest Rate is currently: 3.500%.

For those who desperately need the money.

What a Jump!

G Funders are kinda happy!

**JTH** · 01-06-2010, 11:27 PM

Originally Posted by Frixxxx

TSP Loan Interest Rate is currently: 3.500%.

For those who desperately need the money.

What a Jump!

G Funders are kinda happy!

Thanks for the heads up, that's a substancial increase.

**Frixxxx** · 01-06-2010, 11:44 PM

Whatever they charge is the current return on the G Fund.

I like to let the people know!

**Frixxxx** · 02-18-2010, 12:37 AM

The current interest rate is 3.125%.

Not too bad of a decline this month...

For those who desperately need the money.

G Funders are not happy!

**Scrappy** · 02-18-2010, 01:19 AM

Originally Posted by Frixxxx

The current interest rate is 3.125%.

Not too bad of a decline this month...

For those who desperately need the money.

G Funders are not happy!

Frixxxx,

when a persons payment is made to their TSP account for a loan, doesn't the interest go back into the account as well?

If so:

I can understand someone wanting the rate to be lower to make the payment lower but on the other hand, why wouldn't a person want more $/shares going into the account?

**Boghie** · 02-18-2010, 01:47 AM

Originally Posted by Scrappy

Frixxxx,

when a persons payment is made to their TSP account for a loan, doesn't the interest go back into the account as well?

If so:

I can understand someone wanting the rate to be lower to make the payment lower but on the other hand, why wouldn't a person want more $/shares going into the account?

For those 'invested' in the 'G Fund' an annual rate of return of 3.125% doesn't put food on the table - now or in the future...

That is why such a low rate is not good.

For those that borrowed from their TSP account the most negative factor is not the interest payment (at least not right now) but the fact that they have to 'invest' in the 'G Fund'. Additionally, they do NOT gain the interest from the 'G Fund' they pay the interest (to themselves). So, they gain nothing.

**Scrappy** · 02-18-2010, 02:00 AM

Originally Posted by Boghie

For those that borrowed from their TSP account the most negative factor is not the interest payment (at least not right now) but the fact that they have to 'invest' in the 'G Fund'. Additionally, they do NOT gain the interest from the 'G Fund' they pay the interest (to themselves). So, they gain nothing.

PLEASE clarify:

What do you mean by "have to" invest in the G fund?
And what do you mean "they do NOT gain the interest from the 'G Fund'"
When you say they gain nothing does that mean the payment amount and shares purchased when a payment is made is the same no matter what the TSP loan rate is?