Requirements to apply for a Koho installment plan
☑️ Live in Canada within KOHO-eligible provinces
☑️ Have an active KOHO account with verified identity
☑️ Make purchases of at least $100 CAD to qualify
☑️ Have available installment plan limit in your KOHO account
☑️ Maintain regular payments and usage history with KOHO
Documents needed to request a Koho installment plan
📄 Government-issued photo ID (passport, driver’s license)
📄 Active bank account under your name
📄 Full and updated registration in the KOHO app
📄 Proof of regular activity and payments within KOHO
📄 Current personal contact information
Final approval depends on KOHO’s internal review, and other documents may be required if necessary.
How to apply for the Koho installment plan
To apply for Koho Pay Later, you need to access your KOHO app on your smartphone. Inside the app, head to the main spending section and check for eligible purchases over $100 CAD. Once you choose a transaction to split, simply pick a repayment term of 3, 6, or 9 months. The app will display all the details, including monthly fees and total payment breakdown.
After reviewing the plan, confirm to submit the request. KOHO usually processes approvals quickly, and the amount is deposited in your KOHO account within 24 hours. If not approved, you can try again in the future when your account activity meets their updated criteria.
How to manage monthly payments for Koho Pay Later
Monthly payments for Koho Pay Later are handled directly through the KOHO app, either via automatic debit or manual payment. The due dates follow the installment period you selected—3, 6, or 9 months—and include both the principal amount and a small fixed monthly fee.
You can use the KOHO app to set reminders, track payment history, and avoid missing a due date. Accepted payment methods include linked bank accounts, making it simple to manage directly from your mobile.
Fees and costs
The Koho installment plan does not charge any interest on the amount you choose to split. Instead, KOHO applies a fixed monthly fee that is shown clearly before you confirm your plan. This fee depends on the purchase amount and chosen installment length.
Additionally, if you miss a payment, KOHO may charge a $15 CAD NSF fee, limited to one charge per month in case of failed payments. Although no credit score check is required to apply, late or missed payments might be reported to credit agencies, impacting your credit history.
A tip for your wallet
To make the most of the Koho installment plan, always choose the shortest term you can afford to reduce monthly fees. Since KOHO allows grouping multiple purchases into one plan, it’s smart to consolidate transactions for more efficient repayment. Avoid having one-off plans for small purchases—combine them when possible.
Also, check your KOHO app regularly to manage due dates and ensure payments are on time, preventing NSF fees. Since only one plan can be active at a time, it’s important to use this feature for purchases that truly require installments, so you keep the option available for future needs.
It’s your time to apply!
Ready to split your purchases with a Koho installment plan? Click the button below to visit the official KOHO site and get all the details to apply today.