How To Borrow Money From Cash App: [Get Instant Loan 2023]


How to Borrow Money from Cash App? Borrowing money from the cash app is simple if you’re eligible. It is a quick way to get an amount of up to $200. Also, it has a flat 5% fee along with a 1.25% fee after the grace period.

But, the cash app borrow option is not available for all, due to its being under the trial procedure.

People might not see this feature in their cash app accounts if they don’t qualify for the eligibility criteria for cash app loans.

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 From 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. Moreover, this feature is not available to all the users of the cash app.

Those who can access this feature must try these steps to borrow money.

Step 1: Open the Cash Application

First of all, open the Cash App on your device.

Step 2: Tap Account balance

Choose “Cash App balance” found in the left corner of the screen. Then, tap the “Banking” menu.

Step 3: Choose the “Borrow” option.

Now, if you are eligible, you will see the borrow option on your account. Otherwise, there’s no eligibility of taking the loan.

Step 4: Click “Unlock”

Tapping the unlock option will unveil your loan eligibility ranging from $20 to $200.

Step 5: Select the Repayment plan

After it, you need to set your repayment plan for your borrowed money. You are free to choose according to your need.

Step 6: Press Agree & Accept

Finally, choose to agree & accept after you have gone through the loan repayment plan carefully.

Read Also – How to Delete Cash App History

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.

Repayment Plans: 

The repayment date is not hectic but it’s mobile in nature. It can be flexed as per the plans. And, you can pay it weekly, monthly, and quarterly.

In case you missed your repayment money, you will be charged with a fine from 25% APR to 500% APR.

Does Cash App Let You Borrow Money?

Users of cash apps always want to know-Can a cash app allow them 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.

Thus, it is not for every user of the cash app.

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 most 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.

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.

  • The cash App is not up to date.
  • Cash App considers you a suspect user.
  • If you have a negative cash app balance.
  • Using the Cash App as a non-verified Cash App user
  • Violating Cash App’s terms and conditions
  • Not receiving up to $300 in one month via direct deposit to the Cash App account.

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-

Eligibility Criteria: 

  • A user must be 18 years of age.
  • He/she should have verified its account
  • The user must have a bank account linked with a cash app account.
  • Be a fresh, suspicious, not violated cash app terms & conditions user to get a loan.


How To Borrow Money From Cash App: It’s quite easy if you’re eligible for it. To become eligible, ensure that the account is verified, maintain a regular deposit of at least $300 per month, be away from suspicious acts, and regularly use the cash app.

After it, check out the ‘Borrow’ feature on your account.

To get more info on it, connect with cash app help.