Which App Will Give Me a Loan Immediately?

No app can guarantee that everyone will receive a loan immediately. Approval and available amounts depend on eligibility.

If you only need a smaller amount, KOHO Cover can provide eligible Canadians with up to $250. Once you subscribe and qualify, your available Cover amount is added to your account right away.

KOHO Cash Advance

KOHO Cover is not a traditional payday loan. It is a cash advance designed for Canadians who need a smaller amount of money to cover short term expenses.

With KOHO Cash Advance, you can:

• Get up to $250 as an instant cash advance (amount depends on eligibility)

• Pay no interest on the advance

• Avoid a credit check

• Repay automatically once you add money or get paid

You subscribe to the Cover bundle for a low monthly fee, and in return you get the advance feature plus extras like a credit report, financial coaching, and priority support.

How Quickly Can You Get Money From an App?

The timing depends on the type of product.

With KOHO Cover, your eligible cash advance amount is added to your available Cover balance once you subscribe. You can then use it for eligible purchases and other supported transactions.

Cover can be used for:

• Everyday purchases

• Bill payments

• Pre-authorized payments

• Recurring subscriptions

• ATM withdrawals

Can You Get an Immediate Loan With No Credit Check?

Some cash advance products do not require a traditional credit check.

This is different from a traditional personal loan. Personal loans may require a credit application and can take longer to approve.

Does KOHO Cover Charge Interest?

No. KOHO Cover does not charge interest on the cash advance.

There is a monthly subscription fee for the Cover bundle. The amount depends on the bundle you choose.

How Much Can You Get With KOHO Cover?

KOHO Cover offers cash advance amounts of up to $250. Your available limit depends on your eligibility.

It is designed for smaller short-term expenses. It may not be suitable if you need to borrow a large amount.