What are Chime Instant Loans?

Chime Instant Loans allow you to get money quickly to cover an important expense. After you accept the loan, the amount will be deposited into your Chime Account. You can utilize your app to see your current balance and schedule automated payments to pay off the loan.
How do I obtain an approval for a loan?

The loan program is currently available to members who meet eligibility requirements. If you've been approved for an loan, you'll be notified via push. If you've already repaid a loan we will notify when you are eligible for another.

There are a few things you should be able to considered for a loan:

A Chime account which is good standing
Regular transfers to your Chime Account
Chime is not in possession of any outstanding loans

What is the maximum amount you can take out?

Chime Instant loans begin at $100 but can be more depending on the eligibility criteria we set for us.
I'm eligible to borrow more than what I have borrowed. Do I have the option of increasing my credit?

If you are eligible for a bigger loan, you can't increase the amount of a loan that you have borrowed or are in the process of repaying. You'll have to pay back the amount you've already borrowed and wait for Chime notification to inform you if you are approved for another.
Do Payday Loans That Accept Chime, honda-civic.ru, have the possibility of interest?

Yes. The total interest amount for an average loan of $100 is $5*. Your interest rate will increase when you make a smaller loan. If you repay your loan earlier, you'll save money on interest! Furthermore, you won't be charged any additional fees to be applied for, or for late or early repayment.
How do you make loan repayment work?

Repayment of loans is possible in three (3) monthly increments*. You can repay your loan by turning on autopay in your app's settings. The automatic deduction from the Chime Checking Fund will take place. You'll be informed before each transaction is completed. If you do not want to use autopay you will be required to manually process payments in your app.

You can make additional installments to your loan, even when autopay is turned on. This can help you save money on interest.
What if I miss a payment?

We won't charge you any late fees or higher interest if you miss a payment. Delinquent accounts may, however restrict you from expanding the limit of your SpotMe limit.
I paid off my mortgage. Can I obtain another loan?

After you've paid back the loan, a new loan offer won't be accessible. After you've been approved for another loan you will get a message via push. You can also get an email through your app.