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. Go to the “Money” section by tapping the icon at the bottom of the home screen.
Can cash app users get a loan for $200?
Only eligible Cash App users can get a loan for up to $200 using the Borrow feature. Cash App Borrow is a short-term loan pilot program that lets Cash App users borrow up to $200 for emergencies. But because Borrow is still a pilot program, the feature isn’t available to every Cash App user.
How much money can you borrow from Cash App?
The maximum loan amount, $200, is available if you deposit at least $1,000 per month into your Cash App account. Should You Borrow from Cash App? If you need a little bit of cash quickly, it’s a good option to have.
