Yes, Chime applies a finance charge between $5 and $20 for every $100 you borrow, depending on your loan* amount and term. This results in an annual percentage rate (APR) between 29.76% and 35.07%. For example, a $100 loan paid over three months may have a total cost of $105. There are no additional fees, late payment fees, or early repayment penalties.
*Loans are made by The Bancorp Bank, N.A.