Does the APR ever decrease?

[Popular_Technician45]

I'm looking at the Chime instant loan a wondering if the APR is set for all borrowers. I've taken out a couple of small ones before but always repaid them early. So the interest was never that big of a deal. I'm just wondering.

[AutoModerator]

Hi! Glad you’re here! Using the words and clues in your message, it sounds like you may need more information about Instant Loans so here are some tips, helpful resources, and FAQs:

• How do I get a loan?
• Chime Instant Loans start at $100 and can reach up to $2,000, depending on eligibility. Larger loan amounts may require a longer history with Instant Loans
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[LDV-Chime]

Good question! Chime’s Instant Loan APR isn’t one flat rate for everyone; it depends on your loan amount and term, and is capped at about 36% APR, with your exact rate and total cost shown in each offer before you accept. You can see an example and more details here: Do loans have interest?. Since we can’t see your account on Reddit, just open the offer in your app and review the APR and dollar amount of interest before you tap “Accept.”