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Unusual Information About Payday Loans That Accept Chime

What are Chime Instant Lenders?

Chime Instant Loans provide the ability to borrow money whenever you require it to pay for an important expense. The funds will be available in the Chime checking account as soon as you accept the loan offer. The app allows you to view your balance and to schedule automated payments for your loan payments.

How can I get a loan?

In the moment, loans aren’t currently available to all members. If you are approved for a loan, you’ll be notified by notifications via push. You will also be notified via the Chime App. If you’ve paid back the loan, we’ll notify you when a second loan is available.

For a loan to be approved, you will require the following:

A Chime account that is in good standing

Regularly scheduled deposits to your Chime Checking Account

Chime has no outstanding Payday Loans That Accept Chime (

What is the maximum amount I can borrow?

Chime Instant Loans begin at just $100. The eligibility requirements may be higher.

I am eligible to receive more than the amount I took out. What can I do to increase my loan amount?

A loan you’ve borrowed before and are still repaying cannot be increased even if the loan is greater. You’ll need to repay your existing loan and wait for Chime to inform you when you’re approved for another.

What is the rate of interest on loans?

Yes. The total interest amount on a $100 loan is $5*. The interest rate will be higher when your loan is higher. If you pay back your loan in time, you will pay less interest. Additionally, you will not be charged any fees to applyfor the loan, or for late or early repayment.

What is the process for loan repayment?

Repayment of loans is possible in three (3) monthly installments*. The best way to repay your loan is to activate autopay in the app settings. The payments will automatically be taken from your Chime Checking Account and we’ll inform you prior to each transaction is processed. If autopay isn’t enabled the payment will be processed by hand through the app.

Autopay allows you to make additional payments and repay your loan earlier even if your loan does not have autopay on. By doing so you will reduce interest costs!

What happens if I fail to make my payment on time?

We do not charge any additional interest or late fee if you miss your payment. However, delinquent accounts could, prevent you from increasing your SpotMe limit.

I have paid off my loan. Do I qualify for a second loan?

Once you’ve paid off your loan, the loan you were offered will not be offered. A push notification and a message will be sent to you once you have been approved for another loan.