Loans

You can get a loan by applying through a bank, credit union, or online lender based on your credit profile and income. Chime also offers alternatives like MyPay¹ and SpotMe² to help manage short-term expenses.

A personal loan provides a lump sum of money that can be used for major expenses, debt consolidation, or emergencies. Personal loans typically are unsecured loans, meaning you don’t have to put down a collateral or deposit. They often have fixed interest rates and predictable monthly payments.

To get a loan with bad credit, consider lenders that specialize in credit builder loans, or secured loans. Improving your credit score, adding a co-signer, or providing collateral can also increase your chances of approval. Always compare interest rates and terms before borrowing.

A home equity loan allows homeowners to borrow against the equity they’ve built in their property. A home equity loan is typically a fixed amount of money with a fixed interest rate and fixed monthly payments. These loans are often used for large expenses, such as home improvements or debt consolidation. Another option is a Home Equity Line of Credit or HELOC. A HELOC is a revolving line of credit, which means you can keep borrowing money against the home’s equity.

An FHA loan is a government-backed mortgage insured by the Federal Housing Administration. It's designed to help borrowers with lower credit scores or smaller down payments qualify for homeownership. FHA loans often require as little as 3.5% down.

To get a business loan, you’ll typically need a solid business plan, financial statements, and good personal or business credit. Options include banks and online lenders. Comparing lenders helps you find the best rates and repayment terms.

Yes, you can refinance a car loan to potentially lower your interest rate or monthly payment. Refinancing works best if your credit score has improved or interest rates have dropped. Be sure to factor in fees and the remaining loan balance.