How to Borrow Money from Cash App: Quick and Easy Steps

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How to Borrow Money from Cash App: Quick and Easy Steps

 

How to Borrow Money from Cash App, you must first make sure that you are eligible for the Borrow feature. Not all Cash App users are eligible, and eligibility is based on a number of factors, including your credit history, income, and account activity.

If you are eligible for Borrow, you can follow these steps to borrow money:

  1. Open the Cash App.
  2. Tap the Banking tab.
  3. Tap Borrow.
  4. Tap Unlock to see how much you can borrow.
  5. Enter the amount you want to borrow.
  6. Select your repayment plan.
  7. Read and accept the terms and conditions.
  8. Tap Borrow.

Cash App will deposit the money into your Cash App balance immediately. You will have 4 weeks to repay the loan, plus a 5% fee. For example, if you borrow $100, you will have to repay $105 in 4 weeks.

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