What is Chime Instant Loans? how do they work?

Chime Instant Loans offer easy access to money when you require it to pay for an expense that is important. Once you have accepted the loan offer, the funds are available in your Chime Banking Account. You can check the balance on your account and then set up an automatic payment to repay your loan.
How can I get an approval for a loan?

Currently, Payday Loans That Accept Chime - w-123.ru, can only be made available to eligible members. If you have been approved for a loan, you will be notified via push. If you just repaid an outstanding loan, we'll tell you when you are eligible for another one.

You need to know some things to be approved for an loan.

A Chime account which is in good standing
Regularly scheduled deposits to your Chime Checking Account
Chime does not have any outstanding loans

How much can I borrow?

Chime Instant loans start at $100 but can be higher depending upon our eligibility requirements.
I'm eligible to receive more than the amount I took out. Do I have the option to raise the amount of my loan?

You can't increase the amount of a loan you have already borrowed but are currently paying back, even if your eligibility to get a bigger loan. You'll have to pay off your existing loan and wait for Chime to inform you that you've been approved for a new.
Does a loan carry interest?

Yes. A $100 loan will cost you $5* in interest. If you borrow more than that, the interest rate will be higher. If you pay back your loan in time, you'll be charged less interest. Also, there are no charges for application or early or late repayment fees.
How do you make loan repayment work?

You can repay your loan in three (3) monthly installments*. Setting autopay within your app's settings is the best way to repay your loan. Your payments will be automatically deducted from your Chime Checking Account and we'll notify you before every transaction is completed. If autopay isn't selected the payment will be processed manually through your app.

You can make additional payment on your loan, even though autopay is disabled. You can save money on interest costs by making these payments.
What if I am late on a payment

We will not charge you any additional interest or late fee if you fail to make your payment. It may be difficult to increase your SpotMe limit if you have delinquent accounts.
I have paid my mortgage. Do I have the right to obtain another loan?

There is no chance of receiving another loan immediately after the loan has been paid back. After you've been accepted for a new loan you will get a notification via push. You can also get an email through your application.