How to Apply for Cash App Loan Application & Get Approved Now (2022)

⚡ To apply for the Cash App loan, you must first unlock the Cash App borrow feature by completing the qualification requirements to access the application process and request a loan up to $200 directly into your Cash App account.

Want to get a Cash App loan but not sure how the whole thing works?

We’ve got you covered!

The highly talked-about Cash App borrow loan feature allows Cash App users to borrow money instantly right through the app.

They’re short-term loans meant to be paid back within a couple of months.

We’ll cover everything you need to know about how to get a Cash App loan, including the actual steps to apply, requirements to be aware of, what to do if you can’t access the feature, awesome alternatives to look into, and more.

Let’s dig in!

How to Get a Loan on Cash App

In a nutshell, you can apply for this loan feature to borrow money from Cash App with just 3 simple steps.

Here are the basic steps, but for a deeper dive and full breakdown, be sure to check out our guide to Cash App Borrow.

Step 1: Open Cash App & log in (or sign up if you haven’t already)

If you haven’t yet signed up for a Cash App account, now is the time to do so.

Be sure to snag a welcome bonus while you’re at it by entering the referral code PZJLKLH during sign-up.

Step 2: Set up direct deposit

You can’t borrow money from Cash App until you set up direct deposit, so this is an important step (we’d highly recommend it anyways, along with getting a Cash App card to take advantage of boosts!).

Here’s how to set it up:

  1. Navigate to the ‘Banking’ tab
  2. Select ‘Direct Deposit’
  3. Choose ‘Get Started’ and proceed as prompted

That’s it, it’s that easy 🙂

Step 3: Initiate the borrow money feature

To initiate this process is actually pretty simple as well.

Here’s how:

  1. Navigate to the ‘Banking’ tab again
  2. Select ‘Borrow’ (you may need to scroll down; it’s near the bottom)
  3. Follow the prompts from here to complete the process

Requirements to Apply for a Cash App Loan

In order to apply for loan money from Cash App, there are a few requirements you should make sure you meet first.

These include:

  • Direct deposits of $1,000+ per month set up
  • Must be a minimum of 18 years old
  • Live in the United States
  • Good credit report rating (not aware of the credit check requirement number, but they do state you must not have particularly bad credit)

How Much Money Can I Get With a Cash App Loan?

A Cash App borrow loan can be for a maximum of $200 as things stand currently.

This may change over time if they decide to make these Cash App loans more widely available, so keep an eye out if you’re curious.

If you’re thinking that doesn’t seem like a lot when it comes to borrowing money, keep in mind that this money from Cash App is meant to be a small amount, more similar to payday loans than actual personal loans, like from a bank, credit union or other financial institution.

It’s meant to bridge the gap until your next payday (or two), nothing more.

Why Can’t I Find the Cash App Loan Application?

If you’re not able to access the Cash App borrow feature, there may be a simple explanation.

Here are some possible reasons for any issues you may encounter:

  • You are under the 18-year-old age minimum
  • You live outside of the United States
  • You have poor credit or other unpaid borrowed loans outstanding
  • Your Cash App account isn’t updated to the most recent version
  • You have a negative Cash App balance
  • You don’t have direct deposits set up (or the amount isn’t $1,000 or more)
  • You have a poor history with Cash App

If none of these reasons apply to you, it’s possible you just don’t have access to it yet.

When these Cash App loans first became available, they only rolled the feature out to about 1,000 users in total as a test.

They haven’t been vocal in the media or online about what they plan to do next with the feature, but borrowing money from Cash App seems to be a pretty popular feature, so they may decide to expand it at some point soon.

If, after troubleshooting these issues, you still don’t have access to this feature?

Scroll down below to take a peek at our absolute favorite affordable alternative!

Loan Alternatives Just as Good (or Better!) Than Cash App

There are actually a lot of alternatives to Cash App when it comes to these small loans.

A lot of them are pretty good, too!

If you can’t borrow money from Cash App, our best suggestion would be to check out Truebill!

Another route is to consider buy now pay later apps that work with Cash App.


Truebill’s single-installment loan is perfect to carry you through until payday, but not enough to encourage missed payments or late payments, overdue interest, and other fees.

Especially if you have less than stellar credit history, this is a very enticing alternative.

You can borrow money up to $100 with NO CREDIT CHECK.

It’s a very affordable alternative as well, due to their low-interest rates.

They even also offer services that help you lower your bills by negotiating for lower rates from your various providers.

In addition, they’ll help you cancel any unwanted subscriptions (even some you had forgotten about or weren’t even aware of).

Between the funds you receive and the money you can save, they can really help you manage your money better overall.

How Does a Cash App Loan Work?

The way this Cash App loan feature works is pretty basic and refreshingly easy.

Here’s the distilled version of what you need to know:

  • You receive the money into your Cash App wallet instantly (no waiting!)
  • The loan is to be paid back within 4 installments over 4 weeks (short-term loan)
  • You can borrow up to $200 (think: quick cash)
  • Interest rate: 5% flat fee (MUCH less than a payday loan!)
  • You must have direct deposit set up to have access to the borrow feature
  • They do perform a credit check to make sure you don’t have bad credit

Is the Cash App Borrow Loan Safe & Secure?


Loan apps and other online lenders, in general, are actually pretty safe, as they take a lot of precautions to ensure the safety & security of their customers.

That being said, Cash App is amongst the safest & most secure money apps out there.

They have a bevy of security measures and safety protocols that keep your information – and your money – as safe as can be.

What Kind of Loans Does Cash App Offer?

Cash App only currently offers one type of way to borrow money online, and that’s the fast cash option we’ve mentioned here with the borrow option.

These small loans are similar to payday loans in the sense that they’re meant to provide a money bridge until your next paycheck, but they’re not meant to provide more money with fees, interest, and other aspects like a traditional bank loan.

These loan terms are great if you’re just looking for speedy cash until payday.

And if you have a direct deposit already set up, making payments is incredibly easy; you can do it right through your Cash App account without making any transfers.

James Allen is a Certified Financial Education Instructor (CFEI), financial advisor, and Certified Public Accountant (CPA).

He created BillPin to give people the financial tools they need to make more informed financial decisions.

After listening to his mother tell stories about her frugal upbringing and his own experiences working as a financial advisor for almost two decades, James is on a mission to help people change their relationship with money.

4 thoughts on “How to Apply for Cash App Loan Application & Get Approved Now (2022)”

  1. Hey I am really need to borrow some cash now so I can feed my kids and play some bills please help thank u

  2. Hey I am really need to borrow some cash now so I can feed my kids and play some bills please help thank u

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