How To Borrow Money On Cash App: Enabling The Feature Of The Cash App Borrow


Trent   September 16, 2022 

Square Cash App is one of the best online platforms that provide the facility to make instant money transactions. Also, it lets you do trading with ease. Buying and selling stocks can be done with ease on the cash app. Because of its security feature, it has got millions of users in the US and the UK. Many users still ask whether they can get a Cash App loan or not. 

Recently, Cash App embarked on major development as it introduced the feature of cash app loan in the form of cash app borrow feature. The good thing is that it has completed a trial run of loan facility and as a result of which a large number of Cash App users were able to use its services. But one thing to keep in mind is that this feature is not available to every user. People might not see this feature in their cash app accounts. How To Borrow Money on Cash App? Want to know more about it? If yes then go through this interesting blog related to the loan facility on the cash app. 

Cash App Borrow: How To Borrow Money on Cash App 

One important thing to consider is that Cash App offers interest and duty free loans which are known as the cash app borrow feature. If a user is late in making a payment on Cash App, late fees may apply. This feature is not available for all the users of the cash app. Those who can access this feature must try these steps to borrow money. 

  • First of all, open the Cash App on your device. 
  • Click on your “Cash App balance” that is located in the lower-left corner and then go to the “Banking” menu. 
  • Look for the “Borrow” to click on it 
  • If you cannot see this feature then you won’t be able to take a loan from the cash app 
  • If you are having this “Borrow” feature in your cash app then you can take out a Cash App loan. 
  • Here, just click on the “Borrow” option 
  • Click on the “Unlock”.  
  • In the next step, read the user agreement. 
  • After this, you need to accept a Cash App Borrow loan 
  • In the last step, confirm the process to get the loan facility feature. 

How Cash App Borrow works

Cash App has introduced a new loan facility which is a short-term loan offer for all Cash App users. Those who are eligible for this facility can avail this loan facility to avail loans ranging from $20 to $200. Four weeks’ time has been stipulated for a refund of which a 5% flat additional fee will be charged.

This 5% fee translates into an overall 60% APR for Cash App borrows:

5% Monthly Fee x 12 Months = 60% APR

That’s a good deal compared to payday loans that average closer to 400% APR. Cash App Lending, on the other hand, is much higher than personal loans, which have an average 9% APR — and may not legally top the 36% in most states.

Fees and other information

  • Maximum withdrawal: $200
  • Terms: 4 weeks
  • Cost: 5% flat fee
  • Other fees: 1.25% late fee — charged per week after a 1-week grace period.

Does Cash App Let You Borrow Money? 

On the cash App, there is a new feature that lets you borrow money as a loan from the cash app. The loan facility is still under testing and processing on the cash app. However, this feature of the loan on cash app is not fully functional yet. So, it might take some time to be available for every user as a permanent feature.  

If the feature is available to your cash app, you can borrow money from the cash app with these steps.  

  • First of all, navigate to the Cash App mobile application. 
  • Here, choose the banking or my cash tab. 
  • Now, just scroll down and then choose to borrow. 
  • Go to the next screen to see the amount that you can borrow. 
  • Here, you need to choose the amount and choose to borrow the loan. 
  • Now, you can also set the payback of the loan payment in four parts  
  • In the last step, just tap the confirm button to borrow the money from the Cash App. 

Users of cash app always want to know-Can a cash app allow you to borrow money? Well, yes this feature is available on the cash app but not for everyone. Using this feature, one can easily avail of the loan on the cash app. Users sometimes might get issues in availing of this loan feature on the cash app. This is because it is under processing and testing. Thus, it is not for every user of the cash app. 

How To Borrow Money From Cash App Borrow? 

Want to take a loan of a small amount on a cash app? Here is a detailed guide of some steps about money borrowing on the cash app. Follow the steps below to understand how you can borrow money with ease if this feature is available to you. 

  • First of all, you need to launch Cash App and log in to your account 
  • Now, choose the “Banking tab” available on the left of the home screen. 
  • In this step, just scroll down and select “Borrow”.  
  • On the screen, you can see the maximum amount that you can borrow. 
  • Now, you are needed to tap “Unlock” and then follow the instructions stated below. 
  • Choose the amount or manually enter that you want to borrow. 
  • After that, you can schedule the payback payment in four parts based on the coming weeks.  
  • Users can also opt to pay all in one shot and then enable the auto deduction feature. 
  • In the final step, click on “confirm” to proceed with the loan facility. 

What Other Ways Can You Borrow Money Online? 

Apart from the cash app, there are many other online platforms through which one can get assistance in borrowing money as a loan. These include- 


This is one of the reliable and popular platforms through which you can borrow between $1,000 and $40,000. Make sure you establish a track record with LendingClub so that you can borrow as many loans as you want at one time for as long. Keep in mind that the total loan should not be more than $50,000. 


Another alternative to a cash app for borrowing loans is the Oportun provides an affordable alternative to payday loans. This loan option is well suited for borrowers with no credit history or bad credit. It allows you to borrow an amount between $300 and $10,000 for up to 48 months.  

How to Get Borrow Money From Cash App? 

Cash app has recently introduced a feature of cash app borrowing. How To Borrow Money on Cash App? Here’s how you can get a loan option from the cash app- 

  • You need to launch the cash application.   
  • Then, tap on the “Cash App balance” that is found in the lower section of the screen.  
  • After that, move to the “Banking” section.   
  • Then, find out the word “Borrow.”  
  • Look for the “Borrow” sign, you need to click on it to borrow money and then press the “Unlock” button.   
  • Now, the cash app will let you know how much amount you can withdraw. Choose the amount to get the loan.   
  • Also, you need to choose the repayment plan.   
  • After this, go through the user agreement and then accept the borrowed loan.  

With this guide, you will be able to know about borrowing money on the cash app without any issue. 

Process To Get Loan From Cash App 

The process of getting a loan on the cash app is easy. It just involves a few simple steps. But, make sure your account is having the feature of cash app borrow.  

How to get the Borrow feature on Cash App? 

Here’s how you can get the feature of the cash app borrow- 

  • First, go to the Cash app on your phone. 
  • Then follow the “Cash App Balance” tab that is present at the bottom-left side of the screen. 
  • Now press on “Banking” option from Cash App menu. 
  • Now select the ‘Lending’ tab. 
  • The Lending tab will display the total loan amount that you are eligible to borrow from Cash App.  
  • Now, you are needed to tap the ‘Unlock‘ button to display how and what you can borrow on the Cash app. 
  • After this, scroll down and then select the amount to borrow 
  • Confirm your selection.  
  • Once the above process is completed, Cash App will loan you the amount you requested that is from $20 to $200. 

How To Borrow Money From Cash App Borrow? 

A Cash App borrow feature is a loan feature on cash app for online users that allows you to get cash quickly and easily. With this loan feature, users can get small amounts up to $200 and it can be used for a variety of purposes. This feature is called as cash app borrow feature but unfortunately, it is not available for all users of cash app. If there’s a borrow option in your account then only you can go for this feature. 

The cost of a Cash App borrows or loan depends on the amount that you choose and the time you need to repay the loan. For this, you must be a US citizen, to qualify for a Cash App loan. Also, there is a fixed rate for the cash app borrow feature which is 4.99% and there are no fees for prepayment. 

How to unlock borrow on the cash app? 

Users of the cash app can unlock the feature by going through the “banking” option. Many people are still in confusion about unlocking this feature. If you are not able to unlock this feature then there might be the below-mentioned reasons. 

  • When the Cash app considers you a suspect user or a scammer. 
  • If there’s a negative cash app balance in your account. 
  • Not using the cash app as a non-verified cash app user. 
  • In case, the Cash app mobile application is not up to date. 
  • You are not a US resident 
  • If you are violating the cash app’s terms and conditions. 

If you’ve been able to unlock the feature of the cash app then follow these steps to get the loan on the cash app- 

  • Go to the Cash app on your phone. 
  • Navigate to the Cash App Balance tab at the bottom-left side of the screen. 
  • Press on “Banking” option from the Cash App menu. 
  • After doing all these steps, now select the ‘Lending’ tab. 
  • You will see the Lending tab which displays the total loan amount that you are eligible to borrow from Cash App 
  • Tap the ‘Unlock‘ button to display to see how and what amount you can borrow on the Cash app. 
  • Select the amount to borrow, and then confirm your selection.  
  • After completing the entire process, Cash App will loan you the amount you requested, from $20 to $200. 

How to borrow money from Cash App 2022? 

How To Borrow Money on Cash App? If you want to get answers then these steps are for you- 

  • Open your Cash App on the device 
  • Tap on your Cash App balance located in the lower left corner and choose the option of “Banking” header. 
  • Look for the word “Borrow.” 
  • If you can see “Borrow” then you can take out a Cash App loan. If not then this feature is not available to you and you cannot avail this service 
  • Click on “Borrow” and then click “Unlock.” 
  • Cash App will tell you how much you’ll be able to borrow. 
  • Confirm and then accept a Cash App Borrow loan. 

There are different ways of repayments on cash app that includes- Automatic Payment which ensures automatic payment during the loan request process. The other one is manual electronic payment to pay manually through your debit card by authorizing it to debit. Another way is the Payment by Mail in which you can also make payments by checks. 

Why don’t I have the borrow options on Cash App? 

Users who use the Cash App rarely do not qualify for the Cash App loan feature. There are certain criteria of the users to get this feature of cash app. However, if you use the Cash App a lot to pay bills or transfer money, then this too won’t be enough to get the feature. 

Users must at least get up to $300 in one month via direct deposit to the Cash App account. In addition, you need to confirm your identity on Cash App. Verification on the cash app is a must if you want to avail this feature. If you satisfy all of these conditions, then shortly, you’ll be able to avail Cash App borrow feature. Make sure you are having this feature of “borrow” under the ‘banking” tab in your cash app. Without this, you will not be able to avail this feature. 

Why can’t I borrow money from Cash App? 

There might be the below-mentioned reasons if you can’t see the borrow money option. 

  • Cash App is not up to date. 
  • Cash App considers you a suspect user. 
  • If you have negative cash app balance. 
  • If you are using the Cash App as a non-verified Cash app user. 
  • Violating Cash App’s terms and conditions. 

Can Anyone Apply for the Borrow feature on Cash App? 

No, anyone cannot apply for the cash app loan as they need to meet these criteria- 

  • There should be no negative Cash App balance. 
  • Cash App users needs to be a verified Cash app user. 
  • Your Cash App mobile application needs to be update. 
  • Make sure you are not a suspect user. 
  • Don’t violate the Cash App’s terms and conditions. 

How much can I Apply with Cash App Borrow Feature? 

A Cash App loan or borrow facility is a type of online borrowing that allows you to get cash quickly and easily. With this service of cash app, one can avail small loans of upto up to $500. The amount that you borrowed can be used for a variety of purposes. 

One thing to consider is that the cost of a Cash App loan depends on the amount you borrow and the length of time will repay the loan. The interest rate on Cash App loans is at 4.99% which is fixed.  

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