An In-Depth Walkthrough: How To Borrow Money From Cash App

Have you ever been caught in a financial pinch between paydays? Cash App‘s lending feature provides a convenient way to borrow up to $200 to cover pressing expenses until your next paycheck.

In this comprehensive 2000+ word guide, you‘ll learn all about Cash App borrowing. I‘ll share eligibility requirements, a step-by-step process of requesting a loan via screenshots, repayment information, and pro tips – equipping you with everything you need to know to borrow seamlessly right from your phone.

Let‘s dive in!

Overview: How Cash App Lending Works

Cash App introduced Cash App Borrow in late 2021 as an easy way for qualifying users to access short-term loans. It works similar to other advance salary apps like Earnin and Dave.

Here‘s an overview of key things to know:

  • Loan amount: Up to $200
  • Fee: 5% fixed fee charged on the borrowed amount
  • Repayment term: 4 weeks
  • Eligibility criteria: Select states, Cash App history, credit score
  • Credit reporting: Cash App does not report loans

The convenience of being able to borrow a small amount of cash instantly, combined with a lack of credit checks or reporting, makes Cash App Borrow appealing for covering irregular expenses. However, make sure to only borrow what you need and can realistically pay back on schedule.

Now that you understand the basics, let‘s look closer at eligibility and requirements.

Am I Eligible to Borrow from Cash App?

The tricky thing with Cash App Borrow is that eligibility is assessed internally and specific criteria hasn‘t been shared publicly. Some key influencing factors likely include:


Cash App Borrow currently seems to only be available in select US states, though it‘s not published which ones specifically. Based on user reports, eligible states probably include:

  • California
  • Wisconsin
  • New York
  • Utah

This list may expand over time. Unfortunately there is no workaround if your state isn‘t supported by Cash App‘s lending program yet.

Cash App Account Standing

How long you‘ve had a Cash App account, past usage frequency, linked payment accounts, and more can probably impact eligibility. Those with:

  • Longer tenured accounts
  • Regular inbound/outbound transactions
  • Linked debit cards or bank accounts

likely have better chances qualifying.

Credit History

While Cash App claims they don‘t perform credit checks, your credit score still carries weight in internal eligibility decisions.

Those with ‘good‘ credit scores and healthy credit histories probably have better odds being approved for loans. Exact minimum score thresholds are unclear though.

Credit TierScore Range
Very Good740-799

So in summary – location, account history, and credit score all likely impact if Cash App approves you to borrow money. But ultimately the eligibility algorithm remains a bit ambiguous.

Now let‘s walk through what to do if you are among the lucky chosen ones!

Step-by-Step Guide to Borrowing Money from Cash App

If you qualify for Cash App Borrow loans, requesting money is quick and simple in just a few taps.

Follow along with the 8 steps below to get cash sent to your account instantly:

Step 1: Open Cash App

Tap into the app by finding its bright green icon on your homescreen.

Cash app icon

Step 2: Navigate to the Banking Tab

Along the bottom menu, choose the center option showing an image of a bank building. This houses the borrowing feature.

Cash app banking tab

Step 3: Select "Borrow"

Scroll down the next page until you see the Borrow option at the very bottom – tap it.

Note: If Borrow doesn‘t show for your account, you aren‘t eligible for loans unfortunately.

Cash App Borrow

Step 4: Tap "Get Started"

You‘ll next view loan terms and your maximum borrow amount. Proceed by tapping Get Started.

Get started on loan

Step 5: Enter Loan Amount

Use the slider bar or tap the three dots to type in your desired loan value (up to $200).

Choosing loan amount

Pro tip: Only apply for what you absolutely need to optimize fees and repayment viability.

Step 6: Review Loan Details

The next page outlines all charges and repayment info. Verify everything looks accurate before moving forward.

Review loan details

Step 7: Select Repayment Preference

Pick whether you want to repay in 4 installments, 10% deductions from deposits, or one lump sum.

Choose repayment method

Tip: The 4 weekly payments option helps break repayment down into manageable amounts.

Step 8: Tap "Borrow Instantly"

If all the loan details look good, tap Borrow Instantly to receive funds immediately!

Borrow instantly

It‘s that easy! The borrowed money will now show in your Cash App balance, ready for you to use on pressing expenses.

Key Takeaway: If eligible, you can borrow up to $200 from Cash App in less than a minute with just a few taps!

Next let‘s go over paying back the loan.

Repaying Your Cash App Borrow Loans

Part of borrowing responsibly is paying back loans on time as agreed. Here‘s what to know about Cash App loan repayment:

  • The app will automatically deduct installments from your balance or linked bank account on scheduled payment dates. You don‘t have to manually make payments.
  • However, Cash App does allow you to pay back early at any time if you have the funds. Just navigate back to the Borrow tab.
  • If you miss repayments, additional fees apply. Cash App also reserves the right to pull owed amounts from your balance or linked accounts.

Therefore it‘s wise to ensure your upcoming payments are accounted for and pay back loans early if possible.

You have three options to repay Cash App Borrow loans:

1. Four Weekly Installments

The most common repayment method – your total loan balance gets divided into four equal payments, deducted weekly from your account.


  • Borrowed: $100
  • Fee: $5
  • Owed: $105
  • Weekly Payment: $26.25

This incremental payment schedule helps make repayment more manageable.

2. 10% Deductions From Deposits

Each deposit into your Cash App balance triggers an automatic 10% deduction towards your outstanding loan.


  • Borrowed: $75
  • Fee: $4
  • Friend deposits $50 —> $5 (10%) taken to repay loan

This ties payments to money coming in, but repayment depends on frequency of incoming transfers which is unpredictable.

3. Repay in Full

You can opt to repay the full loan amount including fee by the due date (typically within 4 weeks).

This requires having the cash on hand to repay quickly but allows you to resolve loans in one payment vs. installments over time.

No matter what repayment option you choose upon getting the loan, you always have the flexibility later on to pay back your Cash App loan early or in full if you have sufficient funds. Just tap into the Borrow tab.

What Happens If You Miss Repaying Cash App Loans?

Since Cash App Borrow loans have fixed repayment timelines and due dates, it‘s imperative not to miss payments which can trigger additional fees and issues. Here‘s what you need to know:

  • If you took a 4 week loan and miss your weekly payment schedule, you get charged a 1.25% late fee applied weekly. This gets tacked onto your overall loan balance.
  • Cash App will continue attempting to pull owed payment amounts from your Cash App balance or any linked bank accounts or debit cards.
  • If your payment fails for 60+ days, Cash App may send the defaulted loan account to debt collectors or even take legal action. This can additionally hurt your credit standing.

So in summary – repaying loans on time should be a top priority to avoid expensive late fees, account issues down the road, and credit score impacts.

My advice? Be realistic when borrowing to ensure you have adequate incoming funds to make upcoming payments. And take an early repayment approach when possible so you aren‘t scrambling later on.

Tips for Borrowing Money Responsibly from Cash App

Cash App Borrow offers a convenient way to get short-term cash advances. But you’ll have the best experience being a responsible borrower. Here are my top tips:

  • Only borrow what you desperately need – Don’t take the max $200 unless essential. Lower loan amounts = lower fees and easier to repay quickly.
  • Have a repayment plan – Know exactly where the money will come from ahead of time to pay back loans before accepting.
  • Connect revenue sources – Link bank account, payroll account, etc to ensure seamless loan payment deductions.
  • Pay early when possible – Take advantage of extra income to pay off loans faster and save on interest fees.
  • Review statements regularly – Closely monitor payment statuses / due dates within the Cash App borrowing tab.
  • Don’t hesitate to contact support if repaying may be an issue later on or you have account questions. Being proactive goes a long way!

The bottom line – borrow wisely only for urgent needs, have a clear way to pay back lined up in advance, repay as fast as feasible, and stay on top of account notices. Doing this will ensure you reap benefits of Cash App loans without hassles!

Final Takeaways: How To Borrow Money from Cash App

I hope this detailed walkthrough gave you a comprehensive understanding of how Cash App‘s lending feature works! Here are the key takeaways:

Cash App Borrow allows qualifying users to get short-term cash advances up to $200 to help cover expenses between paychecks. It charges a 5% fixed fee with loans paid back within 4 weeks typically.

Eligibility depends on location, credit, and Cash App history. If approved, tap into the Borrowing tab to set loan amount, repayment method and receive money instantly. Cash App automatically deducts payments from linked accounts but allows you to pay back early as well.

Make sure to pay close attention to repayment dates and owed amounts. You want to avoid missing payments which can result in additional fees.

Overall when used responsibly, Cash App Borrow serves as a quick and convenient way to access small loans on-the-go! Let us know if you have any other questions.

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