What is it?

  • Cleo Crusher is a new subscription tier @ $9.99 per month offering 3 features: Credit Score, Daily Cash + the ability to apply for the Motherloan

  • the Motherloan is a $500 loan @ 23.99% APR to be repaid in monthly installments over 6 months

Late Fees?

Zero. Nada. Zilch.

While we don't charge explicit late fees it should be noted that the longer you take to pay off your loan the more you will pay in subscription fees.



Why do I want it?

Hate is a strong word. But hate doesn't even begin to describe how Cleo feels about banks or about credit card debt. Which is exactly what the new Motherloan feature is for. It was designed to assist our users clear out their credit card debt and to help them reach that next step to financial health. After all, money trees is the perfect place for shade...

Yes, money does grow on trees | Sovereign Man



How do I get it?

So this all sounds fine and dandy, but how do you actually access this feature? Through the magic of a single push notification! Once the new Motherloan feature is ready to go, you'll get an alert letting you know and you'll be able to start the onboarding flow and see if you're eligible for the Motherloan!

Why can't I access the Motherloan?

We wish we could make this feature accessible to everyone. Unfortunately, that's not possible. There may be a few reasons as to why you can't access the Motherloan.

Unfortunately our Motherloan is unavailable in some states. They are: Alabama, Arkansas, California, Colorado, Georgia, Hawaii, Illinois, Indiana, Kansas, Kentucky, Massachusetts, Minnesota, Nebraska, Nevada, New Jersey, New York, North Carolina, North Dakota, Ohio, Pennsylvania, South Carolina, Texas, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming. If you live if one of these states, you will not be able to access the Motherloan.

You must also have a balance of at least $400 in your connected credit cards to pay off. That way we know we're helping out the users who need this the most!

How do I repay my Motherloan?

Great question! When you're in the process of signing up and adding your cards, you will be asked to set a Repayment Date. Cleo will then automatically take repayment on that same date for each of the 6 months in equal instalments. Please note that transactions can take 2-5 business days to show on your bank statement. You may also choose to use the app to repay manually!


Mmm... I was going to ask something else, but I forgot?

No worries, happens to the best of us! If you do have any more questions regarding the new Cleo Crusher tier or the Motherloan feature, you can always reach out to our Customer Support team and they'll be more than happy to help you out! See you there!

Did this answer your question?