What are Chime Instant Loans ? And how do they work?

Chime Instant Loans make it easy to access cash whenever you need it. The funds will be available in the Chime checking account once you take the loan. The app allows you to check your current balance, and then set up automatic payments to pay back the loan.
How can you obtain a business loan?

These Payday Loans That Accept Chime (http://kupit-derevo.ru) are only for those who meet eligibility criteria. You'll receive an alert via push and message through your Chime app if you are eligible for loans. If you've paid back the loan, we'll inform you when a new loan is available.

In order to be eligible for a loan, here are some things you should be aware of:

A Chime account which is in good standing
Consistent Direct Deposits to your Chime Checking Account
No outstanding loans through Chime

What is the maximum amount I am able to take out?

Chime Instant loans begin at $100, however they may be more depending on our eligibility requirements.
I'm eligible for more than what I have taken out. What can I do to increase my loan?

A loan you've already borrowed but are currently paying back can't be increased, even if the loan is greater. The first step is to pay off your current loan. Chime will notify you when a loan approval is granted.
What is the interest rate on loans?

Yes. A $100 loan has an interest rate of $5*. You will pay more interest when your loan is higher. In addition, you'll pay less interest when you pay back the loan in advance. In addition, you won't have to pay any application fees as well as for late or later the repayment.
What is the procedure for loan repayment?

Loan repayment is possible in three (3) monthly installments. Autopay is the most effective method to repay your loan. Your payments will be deducted automatically from your Chime Checking Account, and we'll let you know before each transaction is completed. If you do not wish to make use of autopay, you'll have to manually pay in your application.

Autopay lets you make additional payments and pay off your loan early even if you don't have autopay turned on. The savings on interest could be achieved through this.
What happens if I fail to make a payment?

We don't charge any extra fees for late payments or higher interest when you don't make an installment. SpotMe limits may not be raised if your accounts aren't in good order.
I have paid the loan. Do I qualify for a second loan?

Another loan offer won't become available until after you pay off a loan. As soon as you qualify for a loan again you'll get an email notification, and receive an email in your app.