6 Key Rules to Borrowing from Your Thrift Savings (TSP) Account
You can borrow from your TSP account if:
You have at least $1,000 of your own contributions and
associated earnings in your account. Agency contributions (and earnings on
that money) cannot be borrowed.
You are currently employed as a Federal civilian employee or member of the
uniformed services. (Separated or retired participants and beneficiary
participants are not eligible.)
You are in pay status. (Loan payments are deducted from your pay.)
You have not repaid a TSP loan (of the same type) in full within the past 60
You have not had a taxable distribution on a loan within the past 12 months,
unless the taxable distribution resulted from your separation from Federal
service. (See page 10 for more information on taxable distributions.)
You can borrow from your TSP account even if you have stopped contributing
your own money.