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Tsp Loan Application Form
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People also ask
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How long will my TSP loan be in pending status?
Once you apply for a TSP loan, it can take several days to weeks to receive the funds, depending on how you applied for the loan. If you complete the entire loan application online, you can expect to receive the funds within 3 to 13 business days. -
How do I know if my TSP withdrawal is approved?
You can log in to My Account or contact the ThriftLine to find out the status of your withdrawal. Once your withdrawal has been disbursed, you cannot return it. We disburse partial and total withdrawal and distribution payments each business day. -
What are the 2 types of TSP loans?
Taking a TSP loan General purpose loanPrimary residence loanMay be used for any purposeMay only be used for future purchase or construction of a primary residence and only for costs still needed to closeRequires no documentationRequires documentation2 more rows • Apr 21, 2023 -
How long does it take for a TSP loan to get approved?
Loans can be completed within 7-10 days If you successfully complete the entire loan process online, and are approved. A check will be mailed to your address of record. Mailing or faxing the Form TSP-20 generally takes up to 10 business days to be processed. You will then receive a Loan Agreement, TSP-21, in the mail. -
How do I check my TSP loan status?
Once processed, your loan will generally be disbursed within three business days . You can check the status of your loan by logging in to My Account on tsp . gov . -
How long does it take to get TSP loan approved?
How long does a TSP loan take to get? If you complete your application for a TSP loan online and are approved, you'll get the money in eight to 13 days. Paper applications submitted by mail take up to several weeks to process. -
Why am I not eligible for a TSP loan?
TSP Loan Eligibility and Requirements To be eligible, you must be currently employed by the federal government or a member of the uniformed services. You must have a minimum account balance, which varies depending on the type of loan you are applying for — general purpose or residential. -
How long does it take TSP to disburse funds?
It generally takes between 7 to 10 business days to process your request once you've properly completed and submitted it. We disburse withdrawals each business day. You can check My Account at tsp.gov or call the ThriftLine to find out the status of your withdrawal request, including whether the payment has been made.
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