6 Popular Payday Loans That Accept Chime
Last updated on October 14th, 2023 at 12:16 am
Hey Folks, it’s Randy from Ready Payday Loans.
Today we are going to help Chime user’s out. If you are a user of Chime and want a payday loan, you might be curious about the payday loans that accept Chime. There are many lenders who work with Chime. They offer payday loan apps that need a direct deposit coming in so that you can borrow.
Chime is an internet bank platform that is growing in popularity with customers. It provides no-fee banking services. The bank provides cash advances up to $200, and you may connect with some top payday loan that accepts Chime.
When you connect with Chime, you’ll be able to get cash immediately in case of emergencies. You can use it to pay for your expenditures.
This post will go through payday loans that accept Chime. I’ll also go through the benefits and drawbacks of taking out a payday loan. I’ll give you unique ways of borrowing money immediately by pressing a few buttons on your phone.
What Kind of Payday Loans Accept Chime Near Me?
There are several financial applications you can link to Chime. They provide payday loans that you can send to Chime. Most of them need you to have a direct deposit coming in.
Payday loans that accept Chime include some of the following:
MoneyLion
MoneyLion is a mobile banking application that allows you to apply for payday loans. With MoneyLion, you make take out interest-free loans up to $1000. You’ll be able to access these bigger amounts by enrolling in Credit Builder Plus.
Setting up direct payments into a RoarMoneySM account also increases your loan limit. Meeting specific requirements in your MoneyLion App will make you eligible for boosts. Moreover, the App also provides a debit card, and consumers get payday loans using this debit card.
The amount of money you borrow from MoneyLion relies on some factors, including
- Your monthly income deposits or paychecks
- Length of time you’ve had a checking account (at least two months, but not less)
- A solid account balance
How can I link Chime to MoneyLion?
- Click “Add account” on the Transfers screen
Dave
Dave provides its consumers with a $200 loan. It is a financial cash advance application with no extra interest rate. The app gives you a $100 loan if you connect it to the Chime account as an external account. Besides that, it also contributes to the growth of your credit score.
Be aware that the amount of the cash advance that you receive will depend on many things, including:
- Available account balance
- Your income
- Any negative account balance
- Your deposit history and transactions of at least 60 days
How can I link Chime to Dave?
- Profile tab
- Linked banks and cards
- Change next to linked cards
- Change bank
- Continue
Albert
One of the best payday loan applications is Albert. The app helps you to budget your money in a more quick and sensible way. You can get your money fast, but it will cost you $4.99. A free three-day delivery of your fund’s option is also available.
With Albert, you may get a cash advance for as little as $100 and as much as $250. It also provides a premium service for expert financial planning advice.
To be eligible for Albert’s payday loan, you must have
- A stable income for the last two months with a consistent pay schedule.
- A job and earn a steady salary through direct deposit.
- A positive account balance
How can I link Chime to Albert?
- Go to the Budget tab
- At the top of the screen, press+
- Select Chime, and try searching for it if it is not listed
- On the next page, enter your Chime account login information
Empower
This is also another significant financial site that accepts Chime. Empower provides four kinds of financial loans, ranging from $25 to $250.
Empower offers its users the ability to track and separate their monthly savings. This helps them handle their accounts in a more effective way. To make savings, use the Autosave feature to set money aside for future use.
Empower also requires a monthly subscription fee of $8. They don’t apply interest charges or late fees. You will also not need credit checks.
Ensure you meet the following requirements to qualify for an Empower cash advance:
- You have received at least $200 in direct deposit from your paycheck in the previous two weeks.
- Your account has been open for at least two months
- Your typical monthly salary is at least $500
How can I link Chime to Empower?
- Home page of Empower
- Scroll down to the Accounts section
- Click +Icon (On the upper right of the App)
- Chime account
Varo
This platform charges a cost of up to $5 for a $100 loan. This is quite high in comparison to other lending payday loan platforms. The price is $4 for a $75 cash advance, $3 for a $50 cash advance, and no fee for a $20 cash advance.
These expenses might be discouraging for clients who are looking for a loan. Especially if the loan is to assist in organizing their finances. Varo compensates for its high interest in removing all fees. You also get quick transfers or cash advances to your account.
Please verify that you have the following before requesting a cash advance from Varo:
- A direct deposit of at least $1000 during the last 31 days
- An account that has been open for at least one month before requesting a loan
- No negative balance
How can I link Chime to Varo?
- Link an account+
- Select Chime or search
- Enter your user ID and password
- Submit
- Enter the amount
- Confirm
Cleo
This financial app can give you up to $100 if you meet the requirements and helps you save money and create a budget. This is part of Cleo Plus, the applications’ subscription service. You can also link your Chime account with Cleo.
The $100 no-interest advance will assist you to avoid going into an overdraft. You choose your payback window, which may be anywhere from 3 to 28 days. Cleo Plus costs $5.99 per month and has no effect on your credit rating.
Use Cleo’s digital wallet and budgeting tool to qualify for salary advances. You can also take advantage of a weekly quiz with the potential to win cash incentives.
Benefits and Drawbacks of Loan Apps
Payday loans are helpful for borrowers who are in need of urgent cash and lack options. They are beneficial in times of emergency. Their flexible repayment options are helpful to borrowers. The application process is quick and easy. Some payday loan providers do not need a credit check.
Payday loans have expensive fees and interest rates on the downside. As a result, they could be an expensive choice for borrowers. Particularly if they can’t make their loan payments on time. Payday loans can also put borrowers in a debt cycle. They may force borrowers to seek out other loans to pay the initial loan plus costs.
Final Thoughts On Payday Loans That Accept Chime Near Me
In conclusion, there are lenders willing to connect with Chime users. MoneyLion and Dave are two payday loan providers that accept Chime. Albert, Empower, Varo, and Cleo also accept and work best with Chime.
Payday loans that accept Chime have their own free apps with different terms and conditions. These free payday loan apps are accessible in the Google Play Store and App Store. Use them to borrow money with ease. Compare different lenders to discover the best deal for your situation.
Randy, Is it safe to get a payday loan using an app?
Yes, in most circumstances. Exercise caution when applying for a loan. Ask yourself if the firm providing the credit is well-known. Does it have any online criticisms? Address these concerns to find out if the app is genuine.
Randy, what are some precautions to take when considering taking out loans online?
- Assess the company’s facts and credibility.
Verify the company’s situation on the IRS website to ensure they exist. You can also visit a review website to check what people are saying about the company.
- Ensure the site is reliable.
Check if their main webpage has a security certificate.
- Get access to the contract and pay close attention to it.
- Avoid making advance payments.
- When submitting personal information, do not provide your credit password.
Randy, what app allows me to borrow money instantly?
Applications for payday loans that accept Chime don’t add any interest or extra fees. They include
- MoneyLion
- Dave
- Albert
- Empower
- Varo
- Cleo
Randy, which payday loan apps don’t accept Chime?
Each lender has their own unique standards and guidelines. Contact your lender and clarify whether they accept Chime. There are a few payday loan applications that might not accept Chime, these include
- Brigit
- Possible
- Earnin’
Randy, why select a payday loan that accepts Chime?
Here are a few reasons why you should consider payday loans that accept chime:
- The application process is quick and easy with most payday loan providers.
- It’s possible to get loans without any charges or fees.
- A credit check is optional with some payday loan providers that accept Chime.
Also remember, we at Ready Payday Loans know a lot about the following loans as well:
Until next time,
-Randy! 🙂
