Need cash fast? Get up to $250 today.
No credit check. No interest. No payday loan trap. Get up to $250 today, with the tools to stay ahead financially¹.
Why Canadians choose KOHO over a payday loan
No credit check
Bad credit or new to Canada? No problem. Your credit score won't be affected, and past issues won't hold you back.
Zero interest, zero hidden fees
What you borrow is exactly what you pay back. No surprise charges.
Same-day cash
Get money directly in your KOHO account right away. No paperwork, no proof of income needed.
Build financial stability while you borrow
The Cover bundle comes with financial coaching and tools so you can handle emergencies now and prevent them later.
How payday loans work in Canada
Borrow: $100
Pay back: $115-$125
Time: Just 2 weeks
Real cost: 365% APR2
Can't pay? They take it from your account anyway, triggering overdraft fees and forcing you to borrow again.
Need cash today? The Cover bundle can get you up to $250 with no interest and no credit check. Your total amount is subject to approval. Your $2/month subscription also includes financial coaching, priority support, and a free Credit Report. Tools to help you borrow smart now and stress less later.
Getting started takes a few minutes. All you need is a KOHO account in good standing.
How to get emergency cash
1. Choose your KOHO plan
All plans include access to the Cover bundle.
How to get emergency cash
2. Activate Cover in the app
Takes just a few taps.
How to get emergency cash
3. See your approved amount instantly
No credit check, no income verification required. Your approved amount will be between $20 and $250.
How to get emergency cash
4. Access your money and tools right away
Deposited directly to your KOHO account. Use it for bills, rent, groceries, or anything urgent.
Compare cash loans in Canada
See why KOHO is the smarter choice for your financial needs:
| KOHO | Most Payday Lenders | |
|---|---|---|
| Interest | 0% APR | 365% APR |
| Repayment cycle | Anytime | Next Payday |
| Credit check | No | Yes |
| Access | Instant | Up to 24 hrs+ |
| Proof of income | None Required | Required |
| Credit Report | Yes | No |
| Financial Coaching - Free, up to $425 in value | Yes | No |
| Priority Support | Yes | No |
| KOHO | Most Payday Lenders |
|---|---|
| Interest | 0% APR |
| Repayment cycle | Anytime |
| Credit check | No |
| Access | Instant |
| Proof of income | None Required |
| Credit Report | Yes |
| Financial Coaching - Free, up to $425 in value | Yes |
| Priority Support | Yes |
Online payday loan alternative across Canada
Need fast cash? The Cover bundle is available in every province, from B.C. to Alberta, Ontario to Québec, New Brunswick to Nova Scotia and P.E.I.
Frequently Asked Questions
It's a short-term loan that gives you instant cash. They often have a short pay-back window, of around 2 weeks or at your next paycheque. They can be an expensive way to borrow, with high fees and interest.
It varies across Canadian provinces and with each lender. Sometimes the lender will do a credit check and ask for proof of income. So it can be tricky to get one if you don't have a job or you have low credit.
You can apply on a lender's website or app. To get the Cover bundle, head to the KOHO app and apply in minutes. You'll get same-day cash, guaranteed.
With Cover, an alternative to a payday loan, we don't ask for a credit check, which is super helpful if you're new to Canada or you have low credit.
If you're new to Canada or in-between jobs, you might need some extra cash. Unlike many payday lenders, you don't need to be employed to get the Cover bundle, our cash advance.
You can get a loan with the Cover bundle. And unlike most payday lenders, we won't check your credit or report this loan to credit bureaus. Whether you have bad credit, no credit, or you're new to Canada, you're welcome to apply. All you need is a KOHO account.
Payday loans are regulated in many provinces, so there is a maximum amount you can borrow. To protect yourself, check what's allowed in your province, and always use a licensed lender with a loan agreement.
Many lenders will give you the money within 24 hours of applying. With the Cover bundle, you get a same-day loan.
Payday loans are usually not reported to credit bureaus in Canada. But, if you don't pay back your loan, the lender may sell your loan debt to a debt collector. They could report this debt to a credit bureau which could hurt your credit scores. With the Cover bundle, we'll never sell your debt and the loan won't impact your credit scores.
The Cover bundle does not require a credit check, so bad credit or no credit history will not stop you from getting approved. You just need an active KOHO account.
With the Cover bundle, apply in the app and get approved fast. Your money goes straight into your KOHO account. No waiting, no branch visit needed.
Still have questions?
Can't find the answer you're looking for? Please chat to our friendly team.Visit our FAQsLearn more about Payday Loans
5 min read
Payday loans are short-term, high-cost loans that are usually repaid by your next payday.
4 min read
Payday loans in Canada can be fast, but they are expensive.
