Cash App's loan feature is currently only available to select customers. If you don't deposit money often into Cash App or transfer money between you and other users, you likely won't have the ability to use the borrow feature.
Check for the word “Borrow.” If you see the “Borrow” option in the “Banking” section, this means you can take out a Cash App loan. Tap on “Borrow.” Once you hit this option, you'll be prompted to proceed with the loan application process. Tap “Unlock.” Once unlocked, you can activate the Cash App Borrow feature.
You can get a $200 instant loan from loan providers, payday loan providers, credit unions, and even a local bank.
Cash App has specific eligibility requirements for borrowers. Failing to meet these criteria, such as credit history, income, or account activity, may result in the unavailability of the borrowing option.
If approved for a loan, the process is easy: Select your loan amount. Maximum loan amounts vary based primarily on your PayPal account history. Choose the percentage of your future PayPal sales that you want to go toward repayment of the loan amount and the loan fee.
You can get higher limits by verifying your identity. Learn more about your limits below, or check out the Limits section in the settings section of your app.
To receive money on Cash App, share your $Cashtag, email, or phone number with the sender. Once they send you money, it will appear in your Cash App balance instantly. You can then use the funds directly within the app or transfer them to your bank.
1. Understanding Cash App Borrow and Eligibility Cash App's "Borrow" feature allows certain users to access short-term loans. If you have questions about your eligibility or issues with activating the feature, contacting +1-801-880-2040 is the best way to get clarification.
You can borrow $200 from Cash App using the Borrow feature, which you may see listed on the Money tab if you are eligible. The Cash App Borrow feature gives you the option to take out a loan of up to $200, with a repayment period of four weeks and a flat 5% fee.
How do I get a loan? Instant loans are currently available to eligible members only. If eligible, you'll receive a push notification and a message in the app. If you just repaid a loan, we'll let you know once you're approved for a new one.
Venmo does not offer loans to users.
To request money using Zelle®, choose "Request," select the individual from whom you'd like to request money, enter the amount you'd like to request, include an optional note, review and hit "Request."
CASH ADVANCES
You can make a Cash Advance using this Account by choosing to Send Money. We will extend credit to you, in the amount of the Cost of the Cash Advance, by authorizing PayPal, Inc. to transmit the Cost of the Cash Advance to the designated recipient via the Send Money feature.
Apple Pay Later is no longer offering new loans for purchases with Apple Pay. Loan activity is no longer updated in the Wallet app and with iOS 18, the Apple Pay Later card will be removed.
Brigit: Best For No Late Fees
With Brigit's Express Delivery, you'll get up to $250 in minutes for a small fee – but there's no charge if you wait two to three business days. You can request a payment extension and choose the date of repayment without penalty. Brigit also offers a program to help build credit.