CASH ADVANCE APP VS PERSONAL LOANS

Cleo is the alternative to personal loans, with fast, interest-free cash advance up to $2501. Give interest rates the middle finger and wave goodbye to overdraft fees.

whAT IS A personal loan?

A personal loan is a type of credit offered by a lender, like a bank or credit union. Personal loans can be used for whatever you like, but when it comes to paying it back, you’ll need to pay the full amount, plus any interest… Cleo would never.

whAT IS A CASH ADVANCE APP?

A cash advance app is a mobile app that gives you access to cash based on your eligibility. It’s the perfect loan alternative for meeting your short-term financial needs, like covering unexpected expenses or bridging the gap until payday. 

why choose cleo cash advance over a personal loan?

Getting a cash advance with Cleo is totally different to a loan. You’ll never be charged interest and the approval speed is much faster than a personal loan—meaning you can access money quickly in an emergency. And unlike personal loans, Cleo doesn’t run credit checks or charge interest.
FAQs
Still have questions? Find answers below.
How does the approval speed of cash advance apps compare to personal loans?
Does Cleo’s cash advance feature require credit checks?
Does Cleo charge interest?
Does Cleo require payslips or W-2 forms?
Does Cleo require recurring deposits?
What’s the maximum cash advance amount I can get with Cleo Plus?
Does Cleo offer any financial guidance?
What benefits do I get with the Cleo Plus subscription?
Can personal loans affect your credit score?
How could a cash advance app help in an emergency situation? 
Can anyone apply for a cash advance with Cleo?
Cash advance or personal loan? Which should I choose?
1 Eligibility requirements apply. Not all users will qualify. Advance amounts range from $20 to $250. Same day transfers subject to express fees. Visit meetcleo.com/terms for more information.
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2Cleo Plus is our subscription service, which offers eligible users cashback on your money, information on your credit score, and access to cash advances (“Cash Advance”). Advance amounts will vary based on eligibility. If you don’t want to subscribe, you can also apply for cash advance by contacting our customer service at team@meetcleo.com. To learn more about eligibility, repayment, and overall terms, please visit: meetcleo.com/terms

3 The Cleo Credit Builder subscription service offers eligible users cashback on your money, information on your credit score, access to cash advances (”Cash Advance”), credit history and priority support. Advance amounts will vary based on eligibility. To learn more about eligibility, repayment, and overall terms, please visit: meetcleo.com/terms.
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