How To Borrow Money From Cash App In 2022 – Loan Repayment Methods And Borrow Limit

Knowing how to borrow money from the Cash App, how Cash App loans work, how much you can borrow from Cash App, the Cash App loan repayment method, and the Cash App loan limit can help you decide if it’s something you want to use.


Cash App Borrow is a short-term loan that lets Cash App users borrow money for emergencies. It is a pilot feature that allows selected users to take out small loans for a flat fee. The Cash App Borrow is still in testing and not available everywhere. We will be exclusively talking about how to borrow money from Cash App.

How to borrow money from Cash App in 2022
Photocredit: Business Insider

How Cash App Borrow works

Cash App Borrow is a short-term loan provided through the Cash App platform, and this is how it works:


If you’re eligible, you can take out a loan from $20 to $200, and you have four weeks to pay back the loaned amount with a 5% flat fee which translates to a 60% APR.

The flat fee of 5% is a good deal compared to payday loans, which generally come with an average of close to 400% APR. However, it’s way higher than personal loans, which legally can’t top 36% in most states. These are the Fees and details of Cash App Borrow:

  • The maximum withdrawal: $200
  • The loan terms: 4 weeks
  • The cost: 5% flat fee
  • Other fees: 1.25% late fee charged per week after a 1-week grace period.

How To Borrow Money From Cash App

These are the steps on How to borrow money from Cash App:


1. Open the Cash App on your phone. 

To know if you can borrow money from Cash App, look for the “Borrow” option in the app. Tap the green-and-white dollar sign on your phone app list to start.

2. Tap your balance or the bank icon.


Depending on your app version, you will see either “Balance” or the “Bank” icon at the screen’s bottom-left corner. Tap on it.

3. Tap Borrow.

If you are eligible to borrow a loan from Cash App, you will see the “Borrow” option at the bottom of the list. If you don’t see the “Borrow” option, you are not yet eligible to borrow from Cash App.

4. Tap Get Started to see how much you can borrow.


If you can borrow from Cash App, you will see the exact amount you can borrow at the top of the screen. Your borrowing limit is determined by many factors like whether you pay back your loans on time, how much money you deposit into or keep in Cash App, and your recent credit history.

5. Select an amount and choose

You can choose a denomination or click on the three dots to enter an exact amount.

6. Review your loan and tap Next.


You will see where they explain the flat fee of 5%, the date by which you will need to pay the loan back, and the total amount to repay.

7. Select a repayment method and tap Next.

You have three options for repaying your loan:


  • As you get cash: Anytime you get money in the Cash App, 10% of the deposit will be set aside to pay back your loan.
  • Four weekly payments: You will pay the amount listed on the date listed each week for four weeks.
  • All at once: You will pay the total balance at once on or before the date listed. Failure to pay the loan back by the listed date will deduct the total amount from your Cash App balance, and if there is not enough in your balance to cover the amount, Cash App will deduct the amount from your linked debit card automatically.

8. Review the repayment details and tap Borrow Instantly.

If you accept the repayment terms in Cash App, tap “Borrow Instantly.” The total loan amount will be transferred to your Cash App balance, where you can send or spend it instantly, then click on “Done.”

How Much Can You Borrow From Cash App?

You can be able to borrow loans from $20 to $200. The limit can be affected if you do not pay off the loan on time and how much money you deposit and keep in your account. The service comes with a flat fee of 5%.

Cash App Loan Repayment methods

  • When you take a loan, you will have three payment options. You can pay back as you receive cash in Cash App, make a payment every week for four weeks, or pay the total balance all at once.
  • Cash App will automatically remove the amount from your Cash App balance if you fail to make a payment by your listed payment date.
  • If there is not enough money in your balance to cover the cost, they’ll deduct the amount from your linked debit card or bank account.

Cash App Borrow Limit.

The Cash App borrow limit is $200. The loan ranges from $20 to $200. The Cash App loan might not sound huge, but the limit might increase in the future.



Cash App has been quiet about its new short-term loans program, leading many users, especially U.S. residents, to wonder why they can’t borrow money from the Cash App Borrow. If you find the “Borrow” option in your account, it shows you’re eligible, but if you don’t see the “Borrow” option, it means you are not eligible. The Cash App specialist says that these factors could be to blame:

  • State of residence. 
  • Credit history: The platform might likely give out loans to its most active users.
  • Direct deposits: The platform may let those with direct deposits test out loans first.
  • Cash Card usage: Importance may be given to individuals with an active Cash Card debit card.

We believe that this guide on how to borrow money from Cash App is helpful to you. Please drop your views on borrowing money from Cash App in the comment section.




Leave a Comment