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Cash App Borrow Guide: How To Use Cash Advance Feature (2021)

Are you trying to get the lowdown on Cash App Borrow?

Trying to get a Cash App loan is easier than ever, and we’ve got all the details you’ll need to navigate this ultra-convenient potential borrowing feature and get the most out of it without the stress of figuring it out on your own.

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In this article, we will discuss:

Yes, this Cash App Borrow feature is buzz-worthy and awesome.

And yes, we’ll tell you everything we know so keep on reading for a full rundown.

What is Cash App Borrow?

Cash App Borrow is a cash advance option within the Cash App.

This is a flexible way to get emergency funds when you need them most, which can be used for anything from buying groceries and paying your rent on time to taking care of medical expenses or getting out of an unexpected bind.

The Cash App borrow limit is up to $200 and should expect to pay it back within 1-2 months; it’s meant to be a short-term solution.

At the current moment of writing this article, this Cash App borrow money feature is disabled for most users.

This may be temporary, however.

They launched the feature to a select number of users in 2020 with plans to expand, however, they haven’t expanded yet, so most users don’t have access to it.

We’d still recommend checking to see if you have access to the feature because there are reports of some users having access yet, although it is uncommon.

What Does the Fee Structure Look Like?

Cash App Borrow has a flat fee of 5% for your loan unless you are late with your payments, in which case that amount does increase.

This is still less interest than a typical payday loan, and if you pay it back on time it doesn’t actually cost all that much in interest fees.

That Cash App $200 is a great option as an emergency fund.

Is Cash App Borrow Safe?

Yes, Cash App Borrow is perfectly safe!

Check out our deep dive on Cash App’s safety measures for more details about the steps they take to ensure their users’ safety.

How Does a Cash App Borrow Loan Work?

Cash App

Cash App loans work similarly to using a payday loan service, but in a much more convenient form right through their app.

In fact, you apply through the app, your funds arrive via the app, and you make payments to your balance through the app as well.

It really is convenience at its best.

How Long Does it Take to Get Approved?

Approval for Cash App Borrow is very quick! You can get approval within just a few minutes, actually.

How Do You Repay a Cash App Loan?

You can repay a Cash App loan by paying the principal amount of the loan, as well as any accrued interest.

If you want to repay your Cash App loans early, then you can do so by repaying all outstanding balances on your account at one time.

You also have the option to change repayment due dates for future scheduled installment payments from every two weeks, or twice a month, to once a week (every seven days), monthly (once per month), or biweekly (twice per week).

The most important thing is that if you don’t pay back what you owe in full and on time then late fees will be applied to your balance until it’s repaid – this could range anywhere from $0.05-$49 depending on how long overdue.

If you don’t have enough of a balance in your app, be sure to add Cash App funds before making a payment.

To make a payment in the Cash App, follow these steps:

  • Tap the “Payments” tab in your cash app home screen.
  • Select an existing payment to view or edit, then tap “Send.” Your list of payments will be shown on the next page.
  • When you are ready to make a new payment, enter how much money you want to send and select what date it should come out by tapping “Next,” followed by tapping “Make Payment” at the bottom of that same screen.

How to Get Your Limit Increased?

The hard limit is $200, and there are no exceptions to that rule.

If you really need more funds, you could ask a close family member or friend to apply as well and loan you the money, otherwise, it would be more worth your time to check with your bank or a payday loan establishment with higher limits.

If you go this route, you can request money through the app to make it easier & quicker.

How Long Does it Take to Get Approved?

Approval is nearly instant!

You apply right through the app and find out an answer right after applying.

No waiting necessary.

Who is Eligible for This Cash App Loan Feature?

Cash App Loan

If you do indeed have access (or you’re super patient and will wait for it to become available to you), this is what you can expect in order to be eligible.

In order to qualify for this loan feature, you will need:

  • A U.S.-based credit card with no balance due that’s issued in your name (no joint accounts)
  • An active debit account linked to either our Visa Checkout® or Masterpass by Mastercard® checkout services at least 60 days old (No prepaid cards!)
  • Set up direct deposit with your Cash App account [1]

Pretty simple stuff, but it helps to know in advance and make sure to cross your t’s and dot your i’s to avoid any potential roadblocks.

If you’d like to really throw yourself into the details, be sure to check out their borrow loan agreement. [2]

How Can I Check if I’m Eligible for the Cash App Borrow Feature?

To check if you’re eligible, you can take the following steps:

  • Open your Cash App and tap on Settings. From here, you’ll see a link to “Cash App Borrow.”
  • Follow the prompts from there to start filling out your application for this feature. They will check if you’re eligible based on information in their system automatically!
  • If you are eligible, be sure to set a reminder for yourself before the due date as you can accrue hefty fees for late payments.


  1. Cash App Help Page
  2. Borrow Loan Agreement