What is Chime Instant Loans? how do they function?

Chime Instant Loans give you the ability to borrow money whenever you need it to cover an important expense. As soon as you accept your loan proposal the loan will be available in the Chime checking account. You can view your current balance with your app, or set up automatic monthly payments to repay the loan.
What is the best way to obtain a loan?

The moment is that loans aren't currently available to all members. The loan application will be sent an alert via push and message from your Chime app if you are qualified for the loan. If you've just paid off an outstanding loan, we'll tell you when you're eligible for a new loan.

In order for a loan to be approved, you will need to have the following:

A Chime account that is in good standing
Regular transfers to your Chime Account
Chime has no outstanding loan

What's the maximum I can borrow?

Chime Instant Loans are available starting at $100. We may however extend the loan terms to higher amounts, based on your eligibility.
I can get more than what I have borrowed. What could I do to improve my loan?

A loan amount that you've already borrowed but are still repaying cannot be increased, even if the loan is larger. You'll have to pay back the loan you have already paid off, and Chime will let you know when a new loan becomes available.
Are loans subject to interest?

Yes. For a $100 loan, you will pay $5* interest. Higher interest rates will apply to loans greater than $100. The interest rate is lower if the loan is paid off early. There aren't any fees for late or application.
What is the process for loan payments?

Payday Loans That Accept Chime, http://bars-karate.ru/html/10_10.htm, are repayable in three (3) monthly installments*. Autopay on within your app's settings is the most efficient way to repay your loan. Autopay will be able to automatically debit the funds from your Chime Checking account. We'll notify you before any transaction is processed. If autopay isn't selected then payments are made by hand through your app.

If you do have autopay enabled, you are able to make additional installments on your loan at any time and even pay it off early. The savings on interest could be achieved through this.
What happens if I fail to pay?

If you don't make a payment, we won't charge you any late fees or charge you more interest than you agreed to at the time you accepted your loan. However, delinquent accounts can hinder you from increasing your SpotMe limit.
I've paid off my loan. Is it possible to get another one.

Once you've completed the repayment of your loan, the loan you were offered will not be available. When you become eligible for another loan , you will be notified via push.