Cash App Borrow is a short-term loan that lets Cash App users borrow money for emergencies. It is a pilot feature that allows selected users to take out small loans for a flat fee. The Cash App Borrow is still in testing and not available everywhere. We will be exclusively talking about how to borrow money from Cash App.

How Cash App Borrow works
Cash App Borrow is a short-term loan provided through the Cash App platform, and this is how it works:

The maximum withdrawal: $200

The loan terms: 4 weeks

The cost: 5% flat fee

Other fees: 1.25% late fee charged per week after a 1-week grace period.

How To Borrow Money From Cash App
These are the steps on How to borrow money from Cash App:

1. Open the Cash App on your phone.

To know if you can borrow money from Cash App, look for the “Borrow” option in the app. Tap the green-and-white dollar sign on your phone app list to start.

2. Tap your balance or the bank icon.
Depending on your app version, you will see either “Balance” or the “Bank” icon at the screen’s bottom-left corner. Tap on it.

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