---
kind: "section"
citation: "5 C.F.R. § 1655.7"
title: "5"
number: "1655.7"
heading: "Interest rate."
url: "https://uscodex.org/cfr/5/1655.7"
---

# §1655.7. Interest rate.

- (a) Except as provided in [paragraph (b)](#b) of this section, loans will bear interest at the monthly G Fund interest rate established by the Department of the Treasury in effect on the 15th of the month prior to the date the loan request is made.
- (b) The interest rate calculated under this section remains fixed until the loan is repaid, unless a civilian participant informs the TSP record keeper that he or she entered into active duty military service, and, as a result, requests that the interest rate on a loan issued before entry into active duty military service be reduced to an annual rate of 6 percent for the period of such service. The civilian participant must provide the record keeper with the beginning and ending dates of active duty military service.

## Notes

### Amendments

[68 FR 35515, June 13, 2003, as amended at 87 FR 31692, May 24, 2022]

### Authority

Authority: 5 U.S.C. 8432d, 8433(g), 8439(a)(3) and 8474.

### Source

Source: 68 FR 35515, June 13, 2003, unless otherwise noted.

### Amendments

[68 FR 35515, June 13, 2003, as amended at 87 FR 31692, May 24, 2022]