How to Borrow Money from Cash App – Complete Step-by-Step Guide
If you’re wondering how to borrow money from Cash App, you’re not alone. Millions of users are using Cash App Borrow to get quick short-term loans directly through the app. Cash App, developed by Block, Inc. (formerly Square), is not just a simple money transfer platform anymore—it has evolved into a complete digital finance tool that allows you to send, receive, invest, and even borrow money within minutes.
In this detailed guide, we’ll explain everything about how to borrow money on Cash App, including eligibility, loan amount limits, interest rates, repayment methods, and how to unlock the Borrow feature if you don’t see it in your account.
What is Cash App Borrow?
Cash App Borrow is a short-term loan feature offered inside the Cash App that allows eligible users to borrow between $20 and $200 instantly. It’s designed to help you manage emergency or short-term financial needs without going through a bank or credit card company.
This feature works like a mini-loan — you borrow a certain amount and agree to repay it within a specific time period, usually four weeks, along with a 5% flat interest fee. The process is quick, transparent, and completely digital.
Who Can Borrow Money on Cash App (Eligibility Criteria)
Not every user has access to the Cash App Borrow feature, as it depends on your account activity and usage pattern. To become eligible for borrowing money, make sure you meet these requirements:
-
You must have an active and verified Cash App account.
-
You should have regular Cash App deposits, such as salary or direct deposits.
-
Your account must be verified with your full name, date of birth, and SSN.
-
You should maintain consistent transaction activity, using Cash App for sending and receiving payments frequently.
-
Your Cash App record must be clean, with no violations or unpaid dues.
Once these conditions are met, Cash App automatically enables the Borrow option if it’s available for your account type and region.
How to Borrow Money from Cash App – Step-by-Step Process
Follow these steps carefully to borrow money through your Cash App:
Step 1: Open Cash App
Launch the Cash App on your phone and make sure it’s updated to the latest version so that all available features appear correctly.
Step 2: Go to the Banking Section
Tap on the Banking icon (the bank or home symbol) at the bottom-left corner of your screen to access your financial tools and balance.
Step 3: Select “Borrow”
If your account is eligible, you’ll see the “Borrow” option. Tap on it to proceed.
If you don’t see this option, don’t worry — there are ways to unlock it, explained below.
Step 4: Choose the Amount
Cash App will show you how much you can borrow (for example, $50, $100, or $200). Select the amount you want.
Step 5: Review Loan Terms
Carefully review the loan terms, including interest rates, repayment schedule, and late fees. Typically, Cash App charges a 5% flat fee and may add 1.25% per week as a late fee if you miss repayment.
Step 6: Accept and Confirm
Once you agree to the terms, tap “Accept” or “Confirm.” The borrowed amount will instantly appear in your Cash
How to Repay a Cash App Borrow Loan
You can repay your Cash App Borrow loan in two simple ways:
-
Manual Repayment:
Open Cash App → Tap “Borrow” → Choose “Repay Early” → Pay the amount before the due date. -
Automatic Repayment:
Cash App automatically deducts the repayment amount from your balance or linked bank account on the scheduled due date.
To avoid late fees, make sure your balance has enough funds before the repayment date.
Why You Might Not See the Borrow Option
If the Borrow option isn’t visible in your Cash App, it could be due to one of these reasons:
-
You haven’t enabled or used Direct Deposit yet.
-
Your Cash App version is outdated.
-
Your account activity is too low.
-
You’re in a region where Borrow is not yet available.
-
You have a poor repayment history from past loans.
To improve your chances, increase your Cash App usage, activate your Cash Card, and enable direct deposits.
Tips to Unlock the Cash App Borrow Feature
Here are some proven ways to increase your eligibility for Cash App Borrow:
-
Use Cash App regularly for sending and receiving funds.
-
Set up Direct Deposit of at least $300 or more per month.
-
Make frequent payments using your Cash Card.
-
Maintain a healthy transaction balance.
-
Avoid chargebacks, disputes, or suspicious activity.
Consistent and responsible app usage helps build trust with Cash App, increasing your chances of unlocking the Borrow feature.
Cash App Borrow Interest Rate and Fees
The Cash App Borrow interest rate is usually 5% flat, which is quite low compared to payday loans or credit cards. However, if you fail to repay by the due date, an additional 1.25% weekly late fee may apply.
It’s designed as a short-term loan, so always borrow only what you can comfortably repay within a few weeks.
Is Borrowing Money from Cash App Safe?
Yes, borrowing from Cash App is completely safe and legitimate. The app uses advanced encryption and security protocols to protect user data and transactions.
To stay safe:
-
Never use third-party websites that claim to “unlock” the Borrow feature.
-
Borrow only from the official Cash App mobile app or verified website.
-
Keep your app updated to avoid security vulnerabilities.
Pros and Cons of Borrowing Money from Cash App
✅ Pros
-
Instant access to emergency funds
-
Low interest rate compared to payday loans
-
No credit check required
-
Simple repayment system
-
Fast and paperless process
❌ Cons
-
Limited borrowing amount (up to $200)
-
Short repayment period
-
Late fee penalties
-
Not available to all users
Final Thoughts on Borrowing from Cash App
Cash App Borrow is an excellent feature for those who need quick financial help without the stress of bank paperwork or credit checks. It’s simple, fast, and secure. However, always use it responsibly — borrow only what you can repay on time to avoid extra fees.
If you maintain a consistent Cash App balance, use your Cash Card regularly, and enable direct deposits, you’ll likely get access to the Borrow feature soon. Once active, you can enjoy instant funds in just a few taps.
