How to Borrow Money from Cash App: Eligibility and Approval
How to Borrow Money from Cash App: Borrow Money From Cash App is a financial product that allows qualified users to borrow money directly through the Cash App app. It is a convenient and accessible option for users who need quick access to cash, but it is important to understand the eligibility requirements and approval process before applying for a loan.
1. Make sure you're at least 18, live in the US, have a valid Cash App account, and your bank account is linked. Your credit score should also be at least 580.
2. Open the Cash App app and tap the Banking tab.
3. Tap Borrow and then Unlock.
4. Cash App will show you how much you can borrow. Tap Next.
5. Choose a repayment plan and tap Next.
6. Read the user agreement and tap Agree.
If you're approved, the money will be deposited into your Cash App account right away. You'll have four weeks to repay the loan, plus a one-week grace period. You'll be charged a flat fee of 5% of the loan amount, plus interest.
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