How to borrow money from the Cash App
https://justtech.help/cash-app-borrow/
Cash App Borrow is a short-term loan feature offered by Cash App. It allows eligible users to borrow up to $200 for a maximum of four weeks. The loan amount is added to your Cash App balance immediately, and you can repay it in one lump sum or in four weekly payments. There is a 5% flat fee for borrowing money with Cash App Borrow, which translates to an APR of 60%.
To be eligible for cash app borrowing, you must:
• Be at least 18 years old.
• Be a resident of the United States.
• Have a Cash App account in good standing.
• Have a valid debit card linked to your Cash App account.
• Have a positive payment history with Cash App.
If you are eligible for Cash App Borrow, you can apply for a loan in the Cash App. To do this, open the app and tap the "Bank" tab. Then, tap "Borrow" and follow the instructions.
If your application is approved, the loan amount will be added to your Cash App balance immediately. You can then repay the loan in one lump sum or in four weekly payments.
Here are some things to keep in mind about cash app borrowing:
• The loan amount is limited to $200.
• The loan term is four weeks.
• There is a 5% flat fee for borrowing money with Cash App Borrow.
• The APR for cash app borrowing is 60%.
• You can repay the loan in one lump sum or in four weekly payments.
• Late payments may result in additional fees.
If you are considering using Cash App Borrow, be sure to read the terms and conditions carefully before you apply.