Business and Finance

How to Borrow Money from Cash App on Android, iPhone in 2024

If you are out of cash, and you need one urgently, Cash App can be of help. With this platform you could borrow up to $200, its interest rate and repayment terms are flexible, making it convenient for users to borrow and pay back. In this article, we will be showing you how to borrow money from Cash App, alongside stating its requirements, stay tuned.

What Is Cash App

Cash App, developed by Square, Inc., is a popular mobile payment service enabling users to instantly send and receive money via a smartphone app. Available on iOS and Android, it requires linking a debit card, credit card, or bank account for seamless fund transfers. Notably launched in 2015, Cash App offers features like peer-to-peer money transfers and, notably, Cash App Borrow. This unique feature allows users to conveniently borrow up to $200, catering to diverse financial needs, from unexpected expenses to capitalizing on investment opportunities. The service has gained popularity for its user-friendly interface and swift money transfer capabilities.

Cash App Loan Requirements

Cash App imposes specific eligibility criteria for users seeking loans through Cash App Borrow. To qualify, individuals must meet several requirements, including being at least 18 years old, maintaining a good credit history, and residing in regions where the Cash App Loan feature is available, such as the US and UK. Additionally, users must possess an active Cash Card, have an active Cash App account in good standing, and frequently use the app for transactions. Meeting these conditions ensures potential borrowers can access the Cash App loan service, subject to individual creditworthiness and usage patterns.

How to Borrow Money from Cash App on Android, iPhone in 2024

The steps for borrowing money from Cash App, on Andriod and iPhone are equally the same, all you need to do first is to get the app, from the Google Play Store or the Apple App Store; after a successful installation, the borrowing process can now begin. Below is how to borrow money from Cash App on Android, and iPhone in 2024;

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Open Cash App

Download and open the Cash App on your Android or iPhone.

Access Borrowing Feature

Tap on the Banking icon or your Cash App balance in the lower-left corner to enter the Banking section.

Check Eligibility

Look for the word “Borrow.” If visible, you are eligible; if not, the feature is unavailable for you.

Unlock and Select Amount

Tap “Unlock” and follow on-screen instructions to determine the amount you can borrow. Choose an amount within the eligible limit.

Repayment Plan

Select a repayment plan that suits your preferences.

Agree to Terms

Read and accept the User Agreement and terms and conditions.

Approval and Funds

Await approval, and upon approval, the borrowed funds will be promptly deposited into your Cash App account. The process may evolve as the service expands.

How to Repay Cash App loan

Repaying a Cash App loan is a user-friendly process with options for manual or automatic repayment. To repay the loan manually, follow these steps:

  • Open the Cash App and tap on the “Banking” or “My Cash” tab to view your balance.
  • Select “Borrow” to access loan details.
  • Tap “Repay/Refund” and select the desired repayment amount.
  • Decide on manual or automatic repayment.

For automatic repayment, the due amount is deducted on the scheduled date. If opting for manual repayment, initiate a one-time payment before the due date. Cash App encourages timely manual repayments, ensuring a seamless process akin to borrowing. This flexibility enhances user convenience, contributing to the platform’s appeal for financial transactions.


Why is Cash App borrow not available to me?

Cash App borrowing may not be available if your payment history is poor. To enable the borrow feature, users need to make regular deposits, typically around $1000, and meet essential eligibility criteria such as age, credit score, and state of residence. Maintaining a positive payment history and fulfilling these criteria enhances your chances of accessing the Cash App loan feature.

How do you unlock a borrow on Cash App?

To unlock the borrow option on Cash App:

  • Open the Cash App.
  • Click the “Money” tab.
  • Hit the “Unlock” button to open the unlock screen.
  • Press “Continue” to unlock the borrow feature.

Is Cash App borrow available to everyone?

No, Cash App’s borrowing feature is currently limited to select customers who frequently deposit money and engage in transactions on the app. Users who don’t meet these criteria may not have access to the borrowing feature.

How do I increase my Cash App borrow limit?

Verify your identity with your full name, date of birth, and SSN to achieve higher borrowing limits. If additional information is required for account verification, provide the requested details to potentially increase your Cash App borrow limit.

How can I get money on Cash App?

To receive money on Cash App:

  • Open Cash App.
  • Enter the amount you want to request.
  • Tap “Request.”
  • Enter the recipient’s email address, phone number, or Cash Tag.
  • Optionally, state the reason for the funds request.
  • Tap “Request.”

How do you get Cash App on iPhone?

To get Cash App on iPhone:

  • Visit the Apple App Store.
  • Search for “Cash App.”
  • Download the app directly to your iPhone from the App Store.

How many times will Cash App let you borrow money?

Cash App allows users to borrow money up to $200 within a 30-day period. This borrowing limit must be repaid within 4 weeks. After successfully repaying the initial loan, users can borrow another $200, providing a recurring borrowing opportunity.

What is the phone number for the Cash App?

To reach Cash App Support, you can call 1 (800) 969-1940. Support is available Monday through Friday, from 9:00 am to 7:00 pm EST. This phone number serves as a direct line to Cash App customer support for users seeking assistance or information.

What is the highest borrow limit on Cash App?

Cash App offers a maximum borrowing limit of $200. The repayment term for this loan is 4 weeks. In comparison, alternative options like Viva Payday Loans provide cash advances up to $5000 with varying repayment terms ranging from 3 to 24 months, depending on the borrowed amount.

How do I know if my Cash App is verified?

To check if your Cash App is verified:

  • Go to your profile icon at the top right of the Cash App home screen.
  • Choose “Security & Privacy.”
  • Continue to the “Identity Verification” section.
  • If your identity is verified, it will display “Verified.” This confirms that Cash App has successfully verified your identity for secure transactions.

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