Square’s Cash App testing short-term loans of up to $200

Not sketchy sounding at all

Cash App, Square's mobile payment app, is currently experimenting with short-term loans of up to $200. Given the state of the economy right now, this might come in handy for some. That said, the interest rates start stacking up pretty quickly if not paid off after a month.

With this feature, instant loans are available for amounts from $20 up to $200, and they're due within four weeks (though there is a one-week grace period if you miss that deadline).

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Square’s Cash App testing short-term loans of up to $200 was written by the awesome team at Android Police.

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