Instant Loans do not offer a formal grace period or payment deferral option. While we don't charge late fees or add extra interest if you miss a payment, your loan is still considered past due if a payment isn't made on time.
If your loan remains unpaid:
- At 15 days past due, you may lose access to other Chime features, Like SpotMe® and MyPay®.
- At 30 days past due, your loan may be reported as delinquent to the credit bureaus, which can affect your credit score.
Loans are made by The Bancorp Bank, N.A.