How to Borrow Money from Cash App Easily

Do you have certain expenses that need to be met urgently? If they are less than $200, you can avail of a short-term loan through the Cash App. You just need to know how to borrow money from Cash App.

This can be done when you are aware of the Cash App Borrow feature and how it works. If you are eligible for Cash App Borrow, you can get a loan not exceeding $20. You must pay back this amount plus a 5% interest rate.

Continue reading to learn how to use the Borrow feature and borrow money from the Cash App.

Steps to Use the Cash App Borrow Feature

If you are eligible to utilize the Cash App Borrow feature, you can find it using these steps.

● Launch Cash App.

● Now, find whether ‘Borrow’ is there on the home screen.

● It can also be on the Banking screen.

● Select this option if you can see it.

● If it is not present, you cannot avail of this feature.

● Now, request a loan by tapping ‘Unlock.’

● The app will identify the amount you can borrow as per your regular deposits through the app.

● Input the amount you require.

● Now, go through the loan agreement and accept it.

How Can You Repay Borrowed Money from Cash App

After learning how to borrow money from Cash App, you must also know how to repay the money. It can be done in the following methods:

● Configure automatic payments through the Cash App over a four-week payment period.

● Manually pay through the app before your due date expires.

● Compose a mail and send it to the address present on your statement.

Final Thoughts

The Cash App Borrow feature, if available to you, will let you avail of small loans. Use it through the steps mentioned in this article. If you need more assistance, contact a Cash App expert online.