How to Unlock Borrow on Cash App?
Cash App offers a Borrow feature that allows eligible users to take out small, short-term loans of up to $200. However, this feature is not available to everyone. Below, we’ll explain how to unlock Cash App Borrow, eligibility requirements, and alternative options if you don’t qualify.
1. What Is Cash App Borrow?
Cash App Borrow is a short-term loan feature that lets users borrow money with a flat 5% fee. The loan must be repaid within four weeks, or additional interest and late fees may apply.
✔️ Loan Amount: $20 – $200
✔️ Fee: 5% flat fee
✔️ Repayment Time: 4 weeks
✔️ Late Fees: May apply if not paid on time
2. How to Check if You’re Eligible
Not all users have access to Cash App Borrow. To check:
1️⃣ Open Cash App
2️⃣ Tap Banking (🏦 icon on the home screen)
3️⃣ Look for “Borrow”
4️⃣ If available, tap Unlock to see how much you can borrow
❌ If you don’t see the Borrow option, you are not eligible yet.
3. How to Unlock Cash App Borrow
If you don’t see the Borrow feature, try these steps:
✅ 1. Maintain an Active Cash App Account
- Use Cash App regularly for payments & deposits
- Keep your account in good standing (no disputes or fraud)
✅ 2. Set Up Direct Deposits
- Cash App prioritizes users with regular direct deposits
- Enable $300+ direct deposit per month to increase eligibility
✅ 3. Verify Your Identity
- Go to Settings > Personal > Verify Identity
- Provide full name, date of birth, and SSN
✅ 4. Use the Cash Card
- Order and actively use the Cash App Debit Card
- This shows Cash App you’re an active user
✅ 5. Keep a Positive Balance
- Avoid negative balances and overdrafts
- Maintain some money in your Cash App account
4. How to Borrow Money from Cash App
If you’re eligible:
1️⃣ Open Cash App
2️⃣ Tap Banking
3️⃣ Select Borrow
4️⃣ Tap Unlock to see how much you can borrow
5️⃣ Choose the loan amount
6️⃣ Agree to the terms and confirm
💰 Funds are deposited instantly into your Cash App balance.
5. How to Repay Your Cash App Loan
🔹 Cash App automatically withdraws the payment on the due date.
🔹 To repay early, go to Banking > Borrow > Repay Early.
🚨 Missed payments can lead to late fees and account restrictions.
6. Why Can’t I Borrow from Cash App?
🚫 Reasons You May Not Be Eligible:
✔️ You haven’t set up direct deposit
✔️ You rarely use Cash App
✔️ Your account is new or inactive
✔️ Your creditworthiness is low
✔️ Cash App doesn’t offer Borrow in your location
7. Alternatives to Cash App Borrow
If you can’t borrow from Cash App, try these:
✔️ Chime SpotMe – Offers fee-free overdrafts up to $200
✔️ Earnin – Provides cash advances based on your paycheck
✔️ Dave App – Gives small cash advances with no interest
Final Thoughts
Cash App Borrow is a handy short-term loan feature, but not everyone qualifies. If you don’t see the option, try setting up direct deposits, using Cash Card, and verifying your account.
Want to check if you’re eligible? Open Cash App and tap Banking > Borrow now! 🚀