Cash App Borrow since its first launch has been one of the preferred ways for digital bankers and users alike to get personal fintech loans.
In fact, this feature alone originated up to $3.6 billion in short-term loans, reaching heights of 74% year over year—that's an insane figure for a fintech app that focuses on payments.
While this borrow feature might seem convenient, it isn't available for all users and if you've had to use the feature in the past, there's a great probability that it won't allow you to borrow money again—the reason why you may be wondering if it has ended.
In this guide, I'll explain what you need to know about the borrow feature and what you can do to be able to borrow funds from the feature.
Has Cash App Borrow Ended?
No, Cash App Borrow has not ended.
At the start, it was rolled out to only 1000 eligible Cash App users and since that rollout was complete, it now rolls to any user that meets the requirement for it. That is, anyone who uses the app responsibly.
Think of it, this feature alone has contributed to up to $3.6 billion in short-term loans and the figure is still rising—it can't end just like that.
I know the main reason you're asking yourself this question is because you're no longer able to borrow money through the feature (that's if you were once eligible). It'd typically show the Repay option only with something like "unavailable to borrow at the moment".
I went through a few Reddit threads and found many users complaining of the same issue.
The thing is, if you always repay your loan on time, there's no way this feature will disappear for no reason from your account. This means that there's something you need to do before you'll be able to borrow money again.
But before we see what you can do, let's first understand the main reason why this feature no longer allows you to borrow money.
Why Can't I Borrow Money From Cash App?
If you were able to borrow money from Cash App before and no more meanwhile you were repaying on time, it means there's an activity you recently did that must have changed everything.
To understand why this happens, I ran a survey based on 20 user reviews on Reddit threads and found out that over 95% of cases were because they changed state and that the address they used no longer allows them to get a loan from Cash App.
It is worth mentioning that Cash App Borrow is not available in all states, and if you happen to be located in a state that does not allow the app to loan you money, the unfortunate truth is that you won't be able to get a loan.
Cash App Borrow Ended: The Walkaround
Now that you know why you're no longer able to borrow money from Cash App, it is time to take the proper steps so you'll be able to get a loan again.
The best and only solution or walkaround you have when looking to get a loan once more through this feature is to simply change your address to an eligible one.
Now, which address is eligible to borrow from Cash App?
There's an address running on the web and it works for everyone whose reason for not being able to get a loan is because of state eligibility. The address is 313 South Locust st Indiana 46135.
You can also just simply change your address to DePauw University.
Simply put, if you think Cash App Borrow has ended, just change your address to DePauw University and you'll be proven wrong.
Cash App Borrow States
While not officially confirmed by Cash App, there are a total of 19 states whose regulations allow users to borrow money from fintech apps like Cash App.
These states include:
- Alabama
- California
- Georgia
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Louisiana
- Michigan
- Mississippi
- Missouri
- North Carolina
- Ohio
- Tennessee
- Texas
- Utah
- Virginia
- Wisconsin
So you can replace your address with any eligible one to get a loan from Cash App through these states if the Cash App borrow feature shows Repay only.
Final Thoughts
Cash App Borrow hasn't ended just yet. It is still rolling out to users who meet the eligibility requirements to get a short-term loan from the app.
If you recently changed location, there's a great chance that this might have caused the borrow feature not to issue you a loan and to show only the Repay option.
In this case, you may want to change your address to that of any eligible state as shown earlier. If you're confused, you can always come back to this guide for a better understanding.