The top benefits of Koho Line of Credit are:
✅ Credit limits from $1,000 to $15,000 CAD for flexible use
✅ Interest rates starting at 19.9% annually with no hidden fees
✅ No impact on credit score to check your eligibility
✅ Same-day access to funds once approved
✅ Fully online management through the Koho app
Why we recommend Koho Line of Credit
Koho Line of Credit is a fully digital solution that allows you to apply, get approved, and use funds without leaving home. For those facing urgent expenses like car repairs, medical bills, or unexpected home costs, having fast and reliable access to credit makes a difference in managing daily life.
One of the strongest points is its transparent cost structure, with no annual, late, or origination fees. Interest is charged only on the amount you use, giving you control over how much you pay. This makes Koho Line of Credit a convenient option for those who want a flexible credit solution without committing to fixed loans.
Looking at credit options available in Canada, most banks focus on personal loans with fixed amounts and terms. While those products may offer lower rates in some cases, they lack the flexibility that Koho Line of Credit provides. Especially for people in provinces like Alberta or British Columbia, where traditional credit lines may be harder to access, this product fills an important gap.
Author’s opinion
Koho Line of Credit stands out for its usability and adaptability. Being able to withdraw only what you need and pay interest solely on that amount gives more control to borrowers. On the other hand, it is essential to be aware that rates can go up to 34.9% annually depending on your credit profile, which may increase costs if not well managed.
For instance, if you borrow $5,000 CAD at an average rate of 19.9% per year, to repay it over 12 months, your monthly payments would be approximately $460 CAD, including principal and interest. This amount varies based on how much of the line you actually use, so it’s critical to plan ahead.
Ready to learn how to apply?
Click bellow to find out how to apply for Koho Line of Credit and check all the updated rates and conditions directly in the app. Koho Line of Credit is a practical alternative for flexible and fast borrowing, and we’ll help guide you to make the best use of it.