Publié le

The Insider Secrets For Payday Loans That Accept Chime Exposed

What are Chime Instant loans?

Chime Instant Loans allow you to easily access funds to pay for an important expense. If you agree to the loan offer, funds are readily available in your Chime Bank Account. You can use your app to check your current balance, and then set up automatic payments to repay the loan.

How can I get a loan?

The loan program is currently accessible to those who meet the eligibility requirements. If you have been approved for a loan, you will be notified via push. If you’ve just paid off an outstanding loan, we’ll tell you when you’re eligible for a new loan.

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

A Chime account that has been in good standing

Consistent Direct Deposits to your Chime Checking Account

Chime has no outstanding loans

What amount can I borrow?

Chime Instant Loans start at $100 and may be higher depending on our eligibility requirements.

I could get more than I have borrowed. What can I do to increase my loan amount?

However large the loan it isn’t possible to increase the amount you borrowed. You’ll be required to pay back the loan you have already borrowed and wait for Chime notification to let you know whether you’re eligible for a second.

Is there interest on Payday Loans That Accept Chime []?

Yes. A $100 loan has an interest rate of $5*. You will pay more interest on loans that are higher. Repaying your loan early will actually result in lower interest rates. You won’t be charged fees to apply or for late or early repayment.

What is the process for loan repayment?

The loan can be repaid by making three (3) monthly payments*. Autopay is the best method of repaying your loan. Your payments will be automatically deducted from your Chime Checking Account and we’ll let you know before every transaction is processed. If you do not wish to use autopay, you’ll need to make payments manually in the app.

You can make additional payment on your loan even if autopay is turned off. It will help you save on interest costs by making these payments.

What if I am late on a payment

If you fail to pay a loan and we don’t charge you a late fee or more rate of interest than the one you agreed to at the time you agreed to the loan. However, delinquent accounts could prevent you from increasing the SpotMe limit.

I paid off my loan. Do I have the right to obtain another one?

Another loan opportunity won’t become available until after you pay off a loan. If you are eligible for another loan you will receive a push notification.