What are Chime Instant Loans and how do they function?

Chime Instant Loans are fast and easy to access whenever you require cash to pay for essential expenses. Once you have accepted the loan, amount will show up in your Chime Account. You can check the balance on your account and then set up an automatic payment to repay the loan.
What is the best way to get a loan?

Current loans are available only to eligible members. If you qualify for Payday Loans That Accept Chime - u-comfort.ru -, you'll receive an email notification as well as an email in your Chime app. If you've recently repaid an outstanding loan, we'll tell you when you're qualified for another loan.

To be eligible to receive a loan, there are a few things you need to know:

A Chime account that has been in good standing
Regularly scheduled transfers to your Chime Account
Chime does not have any outstanding loans

How much money can you get a loan?

Chime Instant Loans begin at $100 and could be higher in accordance with our eligibility requirements.
I am eligible for more than I have borrowed. Can I increase my loan amount?

A loan you've already borrowed but you are still paying back cannot be increased even if you have a larger loan. The first step is to repay the loan you have already taken out. Chime will notify you that a new loan approval is granted.
Does a loan have an interest rate?

Yes. A $100 loan will cost you $5* in interest. Higher interest rates will apply to loans that are larger than $100. The interest rate will be lower when you pay back your loan earlier. There are no fees for application or late repayment.
How does loan repayment work?

The loan can be repaid in three (3) monthly installments*. To pay back your loan, you can enable autopay within your app settings. Autopay will take the funds from the funds from your Chime Checking account. We'll inform you prior to when a transaction is processed. If you do not wish to utilize autopay, you'll need to pay manually through the app.

Even if you have autopay enabled, you can make additional payments to the loan at any point and even pay it off earlier. This way you will save money on interest!
What if I fail to pay my charge?

We will not charge you extra fees for late payments or higher interest when you don't make the payment. It may be difficult to raise the amount of your SpotMe limit if you have delinquent accounts.
I paid off my mortgage. Do I have a chance to get another?

Once you've paid off your loan, an offer for a loan will no longer be available. A push notification and message will be sent out to you after you've been accepted for a new loan.