The key benefits of Koho Pay Later you need to know
✅ Split purchases between $100 and $1,000 CAD without hassle
✅ Choose flexible plans of 3, 6, or 9 months to repay
✅ No interest, only a clear fixed monthly fee
✅ Get funds deposited in your KOHO account within 24 hours
✅ No credit score checks to apply
Why Koho Pay Later could make sense for you
Koho Pay Later is designed for users who want to manage larger purchases over time without committing to high-interest credit. By allowing you to divide eligible transactions into smaller payments, it gives breathing room in your monthly budget. All handled directly through the KOHO app, the process is smooth and fast, making it a practical option for everyday users.
Another advantage is transparency: before confirming any plan, KOHO shows all fees upfront so there are no surprises. This level of clarity is especially useful for people looking to avoid hidden costs. And since you can select a payment plan of up to nine months, it adapts well to different income levels or unexpected expenses that need longer to repay.
On the other hand, keep in mind that Koho Pay Later is available only for specific purchases over $100 and limited to one active plan at a time. While this may limit its usage, for those who use KOHO regularly and need to split occasional larger expenses, it can be a straightforward tool to stay on top of finances.
What the author’s think: a closer look at Koho Pay Later
Koho Pay Later stands out for offering interest-free installments, something uncommon in fast-access credit tools. Also, by not checking your credit score when applying, it gives access to users who are still building credit history. However, having a cap of $1,000 CAD per plan might not cover larger expenses, and since only one plan can be active, it requires careful planning.
For example, if you split a $900 CAD purchase over 6 months and pay an estimated $15 CAD monthly fee (as an illustrative example), your total monthly payment would be about $165 CAD, including principal and fee. This shows how Koho Pay Later can create predictable payments that fit into a monthly budget without surprises.
See how to start using Koho Pay Later
Ready to split your purchases with Koho Pay Later? Koho Pay Later is a simple and flexible way to handle bigger purchases without stress, and we’ll guide you through the next steps to get started.