Cash App Borrow Guide [2024] Fastest Way How to Borrow From Cash App Loan Feature  – The Money Manual (2024)

Cash App Borrow Guide [2024] Fastest Way How to Borrow From Cash App Loan Feature – The Money Manual (1) By Maddy Scheckel

January 12, 2024


Need some extra cash? Already have and use Cash App? Then you’re in luck! Check out this Cash App Borrow guide to learn how you can borrow money now!

Online payment services like Cash App are super popular these days. In fact, 46.4% of American households use them.

Are you a Cash App user yourself? I can imagine why. There’s nothing better than making quick and easy payments with your phone.

But Cash App offers another perk you might not even know about: Cash App Borrow.

With Cash App Borrow, you can get an instant loan of up to $200. In this beginner-friendly Cash App Borrow guide, I’ll explain what it is, who’s eligible, and how you can use it.

Cash App Borrow Guide [2024] Fastest Way How to Borrow From Cash App Loan Feature – The Money Manual (2)

What is Cash App Borrow?

Cash App Borrow is a feature on Cash App that lets you borrow $20 – $200 at a time. And while the terms aren’t great (you have to pay a 5% flat fee), the speed and convenience of the process are hard to beat.

Why is Cash App Borrow so easy? Consider these perks:

  • The money becomes available in a few minutes.
  • You can set up autopay – taking the stress out of repayment.
  • You have 4 weeks to pay back the loan.

Now, Cash App Borrow isn’t some magic formula, and it has its downsides. For one thing, it isn’t available in every state (Cash App doesn’t clearly state on their website where the Borrow feature is available, but you can find out by downloading Cash App). Also, not everyone can use it. You have to be a regular Cash App user for the Cash App Borrow option to appear within the app.

And if you fail to repay your loan within 4 weeks, you’ll be hit with a 1.25% fee on the outstanding balance for every week you’re late. Your credit score is also likely to take a hit.

Still, it can be super handy to have a loan just a few clicks away.

Looking for more loan options besides Cash App Borrow? Then check out this complete list of the best ways to borrow money.

Who Can Borrow Money From Cash App?

To borrow money from Cash App, you need to be a regular Cash App user. You also have to meet certain eligibility requirements. If the “Borrow” option doesn’t appear when you go to the “Banking” tab within Cash App, it means the feature isn’t available to you.

Here are some reasons you might not have access to Cash App Borrow:

  • Your Cash App account has a negative balance.
  • You’re not a “verified” Cash App user.
  • You’ve violated Cash App’s terms and conditions.
  • Cash App Borrow isn’t available in your state.
  • Suspicious activity has been detected on your Cash App account.
  • You have an older version of Cash App downloaded on your phone (which you can fix with an update!).

So, if you’re wondering how to borrow money from Cash App, your first step is to find out if you’re eligible. But how?

Just head over to the “Banking” tab and see if that “Borrow” option appears. If not, you can run through the checklist above to identify the disqualifying factor.

Some of those factors, like the negative balance, are fixable. But if Cash App isn’t available in your state, your only real option is to hope Cash App Borrow eventually extends its reach.

If you don’t currently have Cash App, your first step is to make an account.

Here’s the process for creating a Cash App account:

  1. Download Cash App and launch it on your phone.
  2. Enter your email address or phone number.
  3. Receive a code through text or email, and enter it where prompted.
  4. If you want, invite friends to join Cash App and earn a referral bonus.
  5. Link your bank account to Cash App by entering your debit card info.
  6. Choose a username – which is called a “$Cashtag” in the Cash App world.
  7. Type in your zip code.
  8. Start sending and receiving payments on Cash App.

You might not be eligible for Cash App Borrow right away, but you’ll still be able to use the rest of Cash App’s features. And trust me, those features are super convenient. According to the SEC, Cash App earns $518 million per year – and they don’t do it by offering a lousy product!

Cash App Borrow Guide [2024] Fastest Way How to Borrow From Cash App Loan Feature – The Money Manual (3)

How to Borrow Money From Cash App / How to Borrow Money on Cash App / How Can I Borrow Money From Cash App / How Do You Borrow Money From Cash App

One of the best things about Cash App Borrow is that it’s insanely convenient. With a few taps, you can get up to $200 sent to your Cash App account.

Are you wondering exactly what the process looks like? Trust me, it’s even simpler than you can imagine.

Here’s a step-by-step guide on how to borrow money from Cash App.

1 – Open Cash App

Cash App Borrow is only available to regular Cash App users – so if you’re planning on using it, you should already have Cash App downloaded on your phone. Just open up the app and log in if prompted.

2 – Look for the “Borrow” Option

The “Borrow” option could appear right on the Cash App home screen. If it doesn’t, try opening the “Banking” page. The “Borrow” option could also appear there.

And remember, Cash App Borrow isn’t available to all Cash App users. So if “Borrow” doesn’t appear on the home screen or the “Banking” page, you’re probably ineligible.

3 – Tap “Borrow”

The word “Borrow” should be clickable, so go ahead and give it a tap.

4 – Tap “Unlock”

It’s at this step that you’re actually requesting a loan from Cash App.

5 – Select a Loan Amount

Once you’ve tapped “Unlock,” Cash App will show you your loan options.

Cash App offers loans between $20 and $200, but not all users are eligible for the same loans. That means your limit could be below $200. You can choose a loan amount that falls between the parameters Cash App gives you.

6 – Select a Repayment Plan

Cash App offers two ways to pay back loans:

  • An automatic repayment plan
  • Manual payments within Cash App

And remember, if you don’t repay your loan within 4 weeks, you’ll have to pay a 1.25% fee on the remaining balance that accumulates every week it’s late.

7 – Review and Accept the Loan Agreement

This is a legitimate and legal loan, so of course, there’s some fine print to sign off on. Take a moment to read through the agreement, then tap to accept the terms and conditions.

8 – Accept the Loan

Your final step is to accept the loan. From there, you should be able to access the money within minutes.

Commonly Asked Questions About Cash App Borrow

How Does Cash App Borrow Work?

Cash App Borrow is a near-instant way for eligible Cash App users to borrow money in a pinch. You could be offered a loan of up to $200, and you’ll have 4 weeks to pay it back. As for interest, you’ll have to pay a 5% flat rate.

Is Cash App Borrow Safe?

Cash App Borrow is completely safe. It’s a part of Cash App, a digital payment service that’s always taken safety seriously. Cash App uses encryption to protect user data. Users can also enable push, email, and text notifications to detect unauthorized activity on their accounts.

What are Alternatives to Cash App Borrow?

In addition to Cash App Borrow, here are some other apps for borrowing money online:

Learn more about the best borrow money app here.

Is Cash App Borrow a Scam?

Cash App Borrow isn’t a scam. It’s a perfectly legitimate way for eligible Cash App users to borrow money. Just be aware that it’s not available in every state.

What is The Catch With Cash App Borrow?

There’s no “catch” with Cash App Borrow, but there are a few downsides to consider. You’ll have to pay a 5% flat fee, and you only have 4 weeks to pay back the loan. Failure to meet the deadline brings a 1.25% fee for each week you’re late.

Cash App Loan?

Eligible Cash App users can take out loans through a feature called “Cash App Borrow.” The maximum loan amount depends on how much money you regularly deposit in Cash App, but it could be as high as $200. Borrowers have 4 weeks to repay their loans.Be sure to read this post on Cash App surveys to learn how you can earn free money.

How to Borrow Money From Cash App on iPhone?

Eligible Cash App users can borrow money by taking these steps:

  1. Open Cash App
  2. Find “Borrow” on the home screen or under the “Banking” tab
  3. Tap “Borrow”
  4. Tap “Unlock”
  5. Select a loan amount
  6. Select a repayment plan
  7. Accept the loan agreement
  8. Accept the loan

Why Can’t I Borrow Money From Cash App?

Some Cash App users are ineligible to use Cash App Borrow. The feature is unavailable in certain states. You might also be ineligible if you have a negative balance, you’ve violated Cash App’s terms, you’re not a “verified” user, or you’re using an outdated version of the app.

Can You Borrow Money From Cash App?

You can borrow money from Cash App if you’re eligible for “Cash App Borrow.” This feature isn’t available in every state or to all users – but if you qualify, it gives you a convenient way to borrow money in a pinch.


I'm an enthusiast with in-depth knowledge about online payment services and financial tools, including Cash App. Let me provide you with a breakdown of the concepts discussed in the article you shared.

Cash App Borrow Guide Overview:

  1. Introduction to Cash App Borrow:

    • Cash App Borrow is a feature allowing users to borrow $20 to $200 instantly.
    • The convenience and speed are highlighted, but a 5% flat fee is mentioned.
  2. Perks and Downsides of Cash App Borrow:

    • Quick availability of funds (within minutes).
    • Autopay option for stress-free repayment.
    • 4-week repayment period.
    • Downsides include availability limitations (not in every state) and eligibility criteria.
  3. Who Can Borrow Money from Cash App:

    • Eligibility requirements: Regular Cash App usage, account verification, adherence to terms, availability in the state, and absence of suspicious activity.
    • Users with a negative balance, unverified status, violations, or in states where it's unavailable may be ineligible.
  4. How to Borrow Money from Cash App:

    • Open Cash App, look for the "Borrow" option.
    • If eligible, tap "Borrow," then "Unlock."
    • Choose loan amount (up to $200) and repayment plan.
    • Review and accept the loan agreement.
  5. Commonly Asked Questions:

    • How Cash App Borrow works: Quick loans for eligible users with a 4-week repayment period and a 5% flat fee.
    • Safety of Cash App Borrow: Assured safety with encryption and notification features.
    • Alternatives to Cash App Borrow: Mentioned other apps like Chime, Current, Dave, Albert, Cleo, and SoFi.
    • Clarification that Cash App Borrow is not a scam, but legitimate.
    • Downsides: 5% flat fee, 4-week repayment limit, and potential additional fees for late repayment.
  6. Additional Information:

    • Cash App's financial success ($518 million per year) is mentioned, emphasizing the credibility of the product.
  7. iPhone Specific Steps to Borrow Money:

    • Similar steps but emphasized for iPhone users.
  8. Reasons for Ineligibility:

    • Negative balance, violations, unverified status, suspicious activity, and outdated app version could disqualify users.
  9. Conclusion:

    • Eligible users can borrow conveniently through Cash App Borrow, but certain limitations and fees should be considered.

Feel free to ask if you have any specific questions or need further clarification on any aspect.

Cash App Borrow Guide [2024] Fastest Way How to Borrow From Cash App Loan Feature  – The Money Manual (2024)


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