Chipkie

The website mentions that Chipkie was designed to make it easier to say yes to lending more often by addressing concerns like tracking repayments seamlessly and having a full online record. It aims to help communities thrive by allowing friends and family to support each other financially through hard times.

The platform is designed specifically for personal loans between people who know each other, such as family members or close friends. It is not a marketplace that matches borrowers with strangers, and creating an account is not a loan application to Chipkie. Both parties must have a known address in the same supported country to use the current loan-creation flow.

Setting up a loan and keeping track of repayments is completely free for everyone to start using today. You can manage your loan via the dashboard and receive automated reminders for free. However, an optional personalized loan contract costs a one-time fee of US$4.95 per purchase to put particular agreements in writing.

To get started, you sign up, enter the loan terms, and invite the other person to review them. Once agreed upon, you can transfer and repay the money directly, then record payments in Chipkie. You can also attach receipts and photos as proof of payment and download a loan summary or data export in CSV format.

Chipkie is available in the United States, Australia, and the United Kingdom, but both people must be in the same supported country for a loan to be eligible. Your loan uses the relevant market settings for that region. Selecting a different website region does not make a cross-border loan eligible.

Some reviewers on the website praise the platform for making it easy to track all loans in one place and keeping accurate records without the pressure of remembering who was lent money to. Others appreciate how the automated communication takes away the most uncomfortable aspect of lending money between loved ones.

The platform allows users to request a repayment holiday anytime and attach receipts or photos as proof of payment. It also provides a visual progress tracker for the whole loan and a complete log of every loan action. Users can also download an executed PDF of the signed agreement with a signing audit trail.

Chipkie does not guarantee that a user will be paid back, as clear terms and reliable records cannot remove the risk of non-payment. Users are advised to decide what they can comfortably afford before lending and not rely on a badge, document, or reminder as a guarantee. The platform also notes that it does not promise repayment.

Users can choose to put a formal contract in place to ensure clarity and certainty on the loan terms and agreement. This optional contract is drafted from the specific loan details, including names, amount, repayment schedule, and interest if any. It is e-signed by both parties through a third-party signature provider.

Chipkie supports multiple languages and currencies depending on the region selected, such as USD, AUD, and GBP. The platform allows users to browse the latest ideas and insights to help make the most of their loans plus the latest from the Chipkie newsroom.

Some users on Reddit discuss using Chipkie for funding renovations or handling sibling equity when helping only one child buy a house. These discussions highlight potential legal minefields and fairness audits related to family financial support.

Support can be contacted via email at [email protected] for billing questions and [email protected] for general inquiries. The website also provides a password-reset page for users who cannot sign in securely.

Chipkie is a financial services listed on Trustburn. Discover how Chipkie transforms loans between friends and family with secure contracts, payment tracking, and support for positive financial relationships. No drama, all good karma.

The official website of Chipkie is chipkie.com.

Chipkie has no reviews on Trustburn yet. Anyone who has used it can write the first review on its Trustburn page.