Understanding Cash App Borrow
- Loan Amounts: Typically, you can borrow between $20 and $200. Your individual borrowing limit is determined by Cash App’s assessment of your account usage and history.
- Repayment: You have four weeks to repay your loan in full.
- Fees: Cash App Borrow has a flat 5% fee on your borrowed amount.
- Availability: The feature is not yet available to everyone using Cash App.
How to Borrow Money from Cash App?
Cash App, the popular peer-to-peer payment platform, has a feature called “Cash App Borrow” that lets eligible users take out short-term loans. These loans offer a convenient way to access a small amount of cash when faced with an unexpected expense between paychecks. If you’re exploring this option, here’s everything you need to know.