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What is the maximum loan amount that I may borrow?
FAQ: For both QPP and TDA loans, the maximum loan amount available to you is based on factors such as your account balance, your service credit, your current outstanding loan balance, and your highest loan balance during the previous 12 months.
Is insurance provided on a loan?
FAQ: Yes. For all TDA loans and for QPP loans issued to Tier III, IV, and VI members, full insurance coverage begins 30 days after a loan is issued;
May I change the amount that I am currently repaying toward my loan?
FAQ: If you are an in-service Tier III, IV, or VI member, you may submit a partial lump-sum payment on a QPP and/or TDA loan and thus reduce the amount of your regular loan payments.
What happens if I have an outstanding loan balance when I retire?
FAQ: When you retire, any outstanding QPP or TDA loan balance would be deducted from your funds in the corresponding program, reducing the amount available for your retirement.
What is the maximum loan amount that I may borrow?
FAQs: For both QPP and TDA loans, the maximum loan amount available to you is based on factors such as your account balance, your service credit, your current outstanding loan balance, and your highest loan balance during the previous 12 months.
D2) How do I apply for a loan payment deferral under the CARES Act?
D2) How do I apply for a loan payment deferral under the CARES Act?
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