What is Chime Instant Loans?

Chime Instant Loans permit you to easily access funds to pay for an important expense. Once you have accepted the loan proposal, the cash is available in your Chime Banking Account. You can access your app to check your current balance, as well as to schedule automatic repayments to pay back your loan.
How can I get loan approval?

At present, loans are available only to eligible members. If you're accepted for a loan you will be notified by the push notification. Additionally, you will be notified via the Chime App. We'll inform you when you've recently repaid the loan.

To be approved, you'll need to have the following:

A Chime account which is good standing
Consistent transfers to your Chime Account
No outstanding loans through Chime

What's the maximum I can borrow?

Chime Instant Loans start at just $100. We may however increase our terms of loans to larger amounts, based on your eligibility.
I'm eligible to receive more than the amount I borrowed. What can I do to increase my loan amount?

It is not possible to increase the amount you've already taken out and are paying back, even if you are eligible for a larger loan. You will need to repay your existing loan in full, and Chime will let you know when a new loan is available.
Are Payday Loans That Accept Chime (http://peugeot406.ru) a source of an interest rate?

Yes. A $100 loan will cost you $5* in interest. The interest rate will be higher if your loan amount is higher. The interest rate is lower if your loan is paid in advance. You won't be charged fees to apply or for early or late payment.
How does loan repayment work

You are able to repay your loan by making three (3) monthly installments*. The best method of repaying your loan is to turn on autopay in the app settings. Autopay will automatically take your Chime checking account. We'll notify you before any transaction is processed. If you choose not to utilize autopay, you'll need to make payments manually in your app.

It is possible to make an additional installment on your loan, even if autopay has been turned on. This will help you save money on interest.
What happens if I don't make the payment?

If you do not make a payment and you don't get charged a late charge or any additional interest over the amount you agreed to when you accepted the loan. However, delinquent accounts could hinder you from increasing your SpotMe limit.
I have paid off my loan. Do I have a chance to get another?

After you have paid off your loan, the loan you were offered will not be available. A push notification and message will be sent out to you after you've been accepted for another loan.