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.
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 Subject to eligibility. Amounts range from $20-$250, and $20-$100 for first time users. Amounts subject to change. Same day transfers subject to express fees. 2The Cleo Plus subscription offers saving goals, hacks, challenges, APY on savings, cashback, credit score insights, and access to cash advances if eligible. 3 The Cleo Credit Builder subscription offers saving goals, hacks, challenges, APY on savings, cashback, credit score insights, cash advances if eligible, credit history, and priority support.