What are Chime Instant Loans?

Chime Instant Loans provide the ability to borrow money whenever you need it to cover the cost of an essential expense. If you accept the loan offer, the money will be in your Chime checking account. You can check your balance using your app or schedule automatic monthly payments to pay back the loan.
How can I obtain a loan?

Currently, loans are available only to eligible members. An email notification will inform you if you are qualified for a loan and you will be notified via your Chime mobile application. If you have already repaid an outstanding loan, we'll let you know when you become eligible for another.

For a loan to be approved, you'll need to have the following:

A Chime account that is in good standing
Regular Direct Deposits to Your Chime Checking Account
Chime does not have any outstanding loans

What is the maximum amount you can get a loan?

Chime Instant loans start at $100 but can be higher depending upon our eligibility requirements.
I can get more than I borrowed. Can I increase my loan?

If you are eligible to receive a bigger loan, you can't increase the amount that you have borrowed or are currently repaying. You'll need to repay the loan you have already taken out and then wait for Chime to inform you when you're approved for another.
What is the interest rate on Payday Loans That Accept Chime (w-123.ru)?

Yes. A $100 loan will have an interest rate of $5*. The interest amount on a $100 loan will be greater if you borrow more. Paying off your loan early will actually lead to lower interest rates. There aren't any fees for late or application.
How does loan repayment work

The loan is repayable by three (3) monthly installments*. Autopay is the most efficient method to repay your loan. Your payments will automatically be taken from your Chime Checking Account and we'll notify you before every transaction is completed. You can also make payments by hand through your app in case you do not want to utilize autopay.

If you do have autopay enabled, you can make additional installments on the loan at any time , and even make it a point to pay off the loan before the due date. This way you will reduce interest costs!
What happens if I fail to make a payment?

If you miss a payment and we don't charge you an extra late fee or amount of interest than what you signed up for when you first signed the loan. But, accounts that are in default can hinder you from increasing your SpotMe limit.
I paid my mortgage. What do I have to do?

After you've paid off your loan, a new loan will not be accessible. A push notification and a message will be sent to you when you have been approved for a new loan.