What are Chime Instant Lenders?

Chime Instant Loans provide quick cash access for those who have urgent expenses. The funds will be available in your Chime checking account once you agree to the loan offer. The app allows you to check your balance as well as to schedule automatic payments for loan payments.
What is the best way to get a loan?

The loan program is currently for those who meet eligibility criteria. A push notification will inform you that you're eligible to receive the loan. You will receive a notification on your Chime mobile app. If you've already repaid an outstanding loan, we'll let you know when you are eligible for another.

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

A Chime account that is in good standing
Consistent Direct Deposits to your Chime Checking Account
There are no outstanding loans with Chime

What is the maximum I'm able to get?

Chime Instant Payday Loans That Accept Chime (https://flower4you.us/en/garden-ornamental-trees-and-shrubs/color-5-silvery-1.html) start at $100 and could increase depending on the eligibility requirements.
I'm eligible for more than what I borrowed. Do I have the option of increasing my credit?

Even if you're eligible for a bigger loan, you cannot increase the amount of a loan that you have borrowed or are currently paying back. The first step is to repay your current loan. Chime will notify you when a loan approval is granted.
Does a loan carry an interest rate?

Yes. A $100 loan comes with an interest rate of $5*. If you borrow more then your interest will be higher. If you repay your loan earlier, you'll pay less in interest! In addition, you won't have to pay application fees, nor for early or later payment.
How do loan payment works?

The loan can be repaid in three (3) monthly installments*. To repay your loan you can enable autopay from within your app settings. Automated deductions of the Chime Checking Fund will happen. You'll be notified prior to every transaction is finished. If autopay isn't selected, payments will be made manually via the app.

Autopay allows you to pay additional installments and pay off your loan early, even if you don't have autopay on. If you do this you'll reduce interest costs!
What happens if I forget to pay?

If you miss a payments, we will not charge you a penalty or increase the rate of interest beyond what you originally agreed to when the loan was approved for the first time. It may be difficult to increase the amount of your SpotMe limit when you have accounts that are in default.
I have paid my mortgage. Can I apply for another loan?

Another loan opportunity won't be available immediately after you've paid off your loan. When you're eligible for another loan , you will be notified via push.