Yes! If making the full Instant Loan* payment isn’t possible today, you can still make a partial payment. We recommend paying as much as you can by the due date; even a partial payment can help limit the amount of interest that starts accumulating once you miss a payment.
Chime does not offer a grace period, so interest will continue to accumulate after your due date passes, based on your unpaid principal. You’ll eventually need to make any payments you miss, plus any interest that has accrued. While anything you can put toward your balance now will help reduce the total, your loan will continue to be reported as past due until you can make the full payment.
We’ll continue sending payment reminders so you don’t forget. Just be aware that extended delinquency may affect your access to Chime features and your credit in general, depending on the product.
*Instant Loans are made by The Bancorp Bank, N.A.