Borrow up to $15,000 with a KOHO line of credit

Be ready for the unexpected with a $1,000-$15,000¹ KOHO Line of Credit provided by Fora, a convenient alternative when traditional banks aren’t an option. Join KOHO today to start your application.

Apply in minutes

Get money quickly

Only pay interest on what you use

Simple, speedy application

Managed completely online

How does a line of credit work?

Unexpected expenses shouldn’t mean having to put life on pause. We have partnered with Fora to create the KOHO Line of Credit, so you can get access to a convenient and revolving source of money to handle whatever life throws at you.

Why use a Line of Credit?

Emergency expenses like car repairs, childcare costs, vet appointments
Cover the basics like groceries when other costs come up

Details of the KOHO line of credit

Looking for a line of credit? There is a convenient and transparent alternative when traditional banks aren’t an option. Apply to get between $1,000-$15,000 with interest rates as low as 19.9%³.

The online application means skipping a trip to the store or branch.

Once approved, access your Line of Credit account on the same business day², and manage it online at any time.

Only pay interest on the amount of credit you use.

Applying to see if you qualify for a personal Line of Credit won’t impact your credit score.

How to Apply

Apply on our partner's website

Access our partner’s website through the KOHO app and complete an application with Fora to see if you’re eligible for a KOHO Line of Credit

Your application will be reviewed

After submitting, you’ll get updates about the progress of your application

Withdraw your money

If you’re approved, you can withdraw money as soon as the same business day for what you need most

Apply today

Line of Credit

Interest Rates and Fees

KOHO Line of Credit has interest rates as low as 19.9%, and you only pay interest on the amount of credit you use³. This is different from a personal loan, where you pay interest on the entire principal amount.

Signing up is simple

The KOHO Line of Credit provided by Fora is only available on the KOHO app. To get started, download the app and pick the plan that works best for you.

The perfect plan for your needs	Essential $0/mo* Over $100/year in value** Get rewarded on everyday spending with Cash Back on the essentialsStart with Essential	Extra $12/mo Over $200/year in value** Get extra perks, extra cash back, and extra savingsSave now with Extra	Everything $14.75/mo Over $500/year in value** Get more than your money’s worth and earn the most rewards on KOHOEarn more with Everything
Benefits
Unlimited Cash Back on groceries, transportation, food & drinks	1%	1.5%	2%
Earn interest	2%	2.5%	3.5%
Free Credit Score
Crypto trading fees	0.5%	0.5%	0.5%
Instant e-Transfers
No Foreign Transaction Fees	-
Discount on Credit Building	-	30%	50%
Phone support

^{*Get Essential for free! Learn more
**This is an estimate. Actual savings may vary depending on individual spending habits and service usage}

Not sure which one speaks to you? Take our quiz to find the best plan for you.

Find a plan

FAQFrequently Asked Questions

KOHO Line of Credit provided by Fora allows you to access money, repay it, and access again as needed from your available credit. If approved, you can access money up to a specific credit limit. You can use a line of credit for various reasons—home improvements, education costs, or any other unexpected expenses that may come your way.

Both a line of credit and a loan can help you get access to money you need quickly, and each option charges interest rates.

A personal loan lets you borrow a lump sum of money with a fixed interest rate. A line of credit offers you access to a credit limit that you can draw upon when you need money.

A line of credit, unlike personal loans offering a lump sum of cash, is a revolving credit account, which means you can continue to withdraw money as you repay it. You’ll incur interest on the amount you withdraw. You will need to make regular minimum payments which include accrued interest and a mandatory principal contribution.

A line of credit and credit card both provide you with revolving credit up to a pre-set limit, but in different formats, with different repayment terms and with other varying features.

To apply for the KOHO Line of Credit provided by Fora, you’ll apply through the app on our partner’s website. They will then review your application and provide progress updates on its status. If you’re approved, you can withdraw your money as soon as the same business day².

To see if you qualify, you’ll need personal details, Government ID for verification, and your bank account information to verify your income. Make sure you have this information ready before applying. Improving your credit score may help with your application, so consider using our Credit Building feature.

The KOHO Line of Credit is provided by Fora Credit, Inc. (“Fora”). Fora is responsible for underwriting, approving, funding and servicing the KOHO Line of Credit.

The KOHO line of credit provided by Fora is only available to KOHO members residing in Alberta, Ontario, New Brunswick, Saskatchewan, Nova Scotia, and British Columbia.

¹ Not all applications are approved. Duration of approval process may vary. Credit limits may vary and are subject to verification criteria.

² If approved, any requested funds will typically be deposited into your bank account the same business day; timing of funding may vary. The date and time the funds are made available to you by your bank are subject to your bank’s policies. For specific funding cut-off times, click here.

³ Actual rates may vary from 19.9% to 34.9% and are subject to eligibility, underwriting and creditworthiness.