Eligibility and Documentation Requirements
To qualify for Koho Cash Advance, you must:
✅ Have an active KOHO account
✅ Be subscribed to the Cover plan
Required documents:
✅ A valid ID
✅ Bank details for direct deposit
Approval is based on meeting these criteria, and additional information may be requested by KOHO.
Applying for Koho Cash Advance
Applying for Koho Cash Advance is straightforward. Start by opening a KOHO account if you don’t already have one. Then, subscribe to the Cover plan through the KOHO app, with a minimum monthly fee of $2. Once subscribed, you can request an advance of up to $250 directly within the app. The funds will be available immediately, making it a quick solution for financial emergencies.
The process does not involve credit checks, ensuring that your credit score remains unaffected. If your application is not approved, you can reapply after a waiting period, providing flexibility for future needs.
Managing monthly payments
Repaying the Koho Cash Advance is simple. Payments are automatically scheduled based on your subscription date, using the funds available in your KOHO account. It’s important to ensure sufficient funds are present to cover these payments, as this maintains your access to the service’s benefits.
Fees and costs
Koho Cash Advance features zero interest on the borrowed amount. The primary cost associated with this service is a monthly subscription fee, starting at $2. There are no hidden fees, making it a transparent and reliable option for accessing emergency funds.
Final thoughts
Koho Cash Advance is a valuable resource for managing unexpected expenses without the stress of interest charges or credit impact. It’s a straightforward solution, perfect for those who need quick access to funds. Remember to review all requirements and ensure you meet them to benefit from this service.
Learn more and apply
Click the button below to visit the official KOHO site and get started with Koho Cash Advance today!