You've been working on your money moves, but perhaps you went a bit over budget for the month. Netflix is due on Wednesday, but you don't get paid til Friday. You're set to overdraft if money doesn't hit your account soon. This is where Cleo can step in and help you with a Salary Advance.

The Salary Advance was designed to bridge the gap to payday so when you find yourself in a financial emergency, that's where Cleo can help:

How do I qualify?
Keep spending like you're spending and Cleo will look at things like your paycheck your spending habits your budget; she does a lot of number crunching and uses some heckin’ complex math to work it out, and more often than not, she’s right.

What negatively affects my chances?

  • Insufficient funds in your account - we need to know you have enough income so you can pay back successfully and stay on top of your finances 😊 Consistency and regular payments is key!

  • Too many cash withdrawals, missed payments, low account balance or not enough transactions also plays a part. No consistent deposits (or over-splurging!)

Payback date + Repayment
When you sign your docs for an SA you select the date (THIS HAS NOTHING TO DO WITH YOUR PAYDAY)

  • If these dates don't work for you, you can extend a repayment within Cleo's main chat by asking her to well... "extend repayment"

Why is it telling me that I have to wait for another advance?

The cool-off is the time it takes for your last Salary repayment to clear through our system. You will be able to ask Cleo about your eligibility a full seven days after your payment has been processed.

  • (If you paid on Thursday at 7pm, your cool-off should be lifted the following Thursday after 7pm.)

Cleo is on a mission to better the world's financial health by helping our users break the cycle of loans. We're happy to help when you are in a bind, but we hope that by using Cleo as your financial boot camp instructor, you can better your habits over time to not need Salary Advances in the future.

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