My Chase Loan for Eligible Chase Cardmembers
Turn part of an eligible Chase credit card's available credit into a fixed-payment loan deposited into your bank account.
By: Finance Meu Crédito Agora
Uses Available Credit
My Chase Loan uses part of the available credit on an eligible Chase credit card account.
No Separate Application
Eligible cardmembers can set up an offer without opening a new loan account.
Fixed Monthly Payment
The selected loan amount is repaid through fixed payments included on the card statement.
No Origination Fee
Chase states that My Chase Loan does not charge origination or early payoff fees.
About My Chase Loan
My Chase Loan is not a traditional stand-alone personal loan. It is a feature available to certain Chase credit card customers that lets them borrow against part of their card's existing available credit.
Eligible cardmembers choose an available amount and repayment duration. The loan balance appears on the credit card account, and the fixed monthly loan payment becomes part of the card's minimum payment due.
Frequently Asked Questions
Who is eligible for My Chase Loan?
Eligibility is limited to selected Chase credit card accounts and depends on factors such as credit profile, account history, and available credit. Not every cardmember will receive an offer.
Does My Chase Loan require a credit check?
Chase states that eligible cardmembers can use My Chase Loan without a new application or credit check.
What is the minimum loan amount?
Chase currently describes a minimum My Chase Loan amount of $500, subject to the offer shown on the eligible account.
How is the money delivered?
After the loan is set up, Chase states that funds may be deposited into a bank account, commonly within one to two business days.
How do payments work?
The monthly My Chase Loan payment is included in the credit card's minimum payment due and is paid through the normal Chase card statement.
How to Set Up My Chase Loan
Sign in to Chase.com or the Chase Mobile app and check whether a My Chase Loan offer appears on an eligible credit card account.
Select the amount and payment duration, review the APR and estimated total interest, and confirm the deposit account. The offer is subject to account eligibility and available credit.