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Thread: TSP Loan Rate

  1. #1

    Join Date
    Feb 2007
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    San Diego, CA
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    6,953

    Default TSP Loan Rate

    Looks like we are up to 3.0%.

    Don't know when they raised it.

    Just thought the G Funders would like to know!
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    100%- I Fund


  2.  
  3. #2

    Default Re: TSP Loan Rate

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

    Dave at VA

  4.  
  5. #3

    Join Date
    Feb 2007
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    Default Re: TSP Loan Rate

    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".
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    100%- I Fund

  6.  
  7. #4

    Join Date
    Feb 2007
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    Default Re: TSP Loan Rate

    Loan interest rate for new loans is 3.125%. as of Nov 2nd
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    100%- I Fund

  8.  
  9. #5

    Join Date
    Feb 2007
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    Default Re: TSP Loan Rate

    TSP Loan Interest Rate is currently: 2.875%.

    For those who desperately need the money.

    G Funders are not happy!
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    100%- I Fund

  10.  
  11. #6

    Join Date
    Feb 2007
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    Default Re: TSP Loan Rate

    TSP Loan Interest Rate is currently: 3.500%.

    For those who desperately need the money.

    What a Jump!

    G Funders are kinda happy!
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    100%- I Fund

  12.  
  13. #7

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    Default Re: TSP Loan Rate

    Quote Originally Posted by Frixxxx View Post
    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.

  14.  
  15. #8

    Join Date
    Feb 2007
    Location
    San Diego, CA
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    Default Re: TSP Loan Rate

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

    I like to let the people know!
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    100%- I Fund

  16.  
  17. #9

    Join Date
    Feb 2007
    Location
    San Diego, CA
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    Default Re: TSP Loan Rate

    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!
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    100%- I Fund


  18.  
  19. #10

    Default Re: TSP Loan Rate

    Quote Originally Posted by Frixxxx View Post
    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?

  20.  
  21. #11

    Join Date
    Mar 2006
    Location
    Raleigh, NC
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    Smile Re: TSP Loan Rate

    Quote Originally Posted by Scrappy View Post
    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.
    Lookin' up at the 'G Fund'!!!

  22.  
  23. #12

    Default Re: TSP Loan Rate

    Quote Originally Posted by Boghie View Post

    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?

  24.  
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