The 15-day wait period (sometimes called a “cooldown”) is part of the Instant Loan cycle. It helps reset your borrowing cycle after you’ve taken three Instant loans in a row without waiting at least 15 days between each loan.
This 15-day wait period:
- Is built into the Instant Loan process.
- Can’t be skipped or shortened — even in an emergency.
- Resets your borrowing cycle once it ends.
When does the 15-day wait period start?
The 15-day wait period will apply after your third loan is fully repaid.
If you wait at least 15 days between paying off your loan and accepting your next offer, your borrowing cycle resets. This helps you avoid the 15-day wait period after your third loan is fully repaid.
During the 15-day wait period:
- You won’t receive an offer for a new Instant Loan.
- There isn’t an in-app tracker showing how many days remain.
Once the 15-day wait ends:
- Your borrowing cycle resets.
- We’ll re-evaluate your eligibility after you receive your next qualifying direct deposit of $200 or more into your Chime checking account.
- Once eligible, you will be notified of a new Instant loan offer in your app and by email.
- If you’re not eligible at that time, you won’t receive a new offer. Eligibility can change based on account activity and other factors.
Why don’t I see an offer after waiting 15 days?
You may be evaluated for a new Instant Loan offer after:
- You receive your next qualifying direct deposit of $200 or more, and
- You continue to meet eligibility requirements.
Note: Qualifying direct deposits you receive during the 15-day wait period won’t count toward an evaluation for a new Instant loan offer. This is done to help ensure we're supporting your financial well-being.
Instant Loans provided by The Bancorp Bank, N.A. and serviced by Chime Capital, LLC (NMLS ID 2316451).