How To Borrow Money From Cash App

Cash App’s new Borrow Feature allows selected users to borrow up to $200 at a time. Here’s how to borrow money from Cash App.

The Cash App Loan has a four-week term and a 5% interest rate.  We found that users who frequently use Cash App are offered this function.


The amount you can borrow on Cash App is limited to only $200. You also can’t get a second loan from them if you still have an existing one.

If you don't pay back your loan within the specified period, take note that you'll have to pay an additional 1.25% in interest every week. 

To borrow money from Cash App, you’ve first got to first check if the borrow feature is available to you. 

You can do this by opening the app, selecting the balance tab and clicking Banking.

If you see the Borrow tab, congrats! It means you’ve got access to Cash Apps Borrow feature. From here,

the app will show you the amount of cash you are eligible for. It will say, “Borrow up to…” and indicate the amount.

Key in how much you want to borrow & confirm your selection. Next, agree to the Borrow Loan Agreement. 

You’ll get an SMS confirmation and be able to get your money within 5 - 10 minutes.

Again, remember to pay back your loan before the 4 week mark to avoid any additional interest charges!

Want to know more about Cash App’s Borrow feature? Check out our full article to learn about how this feature can affect your credit score and more!