KOHO review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

KOHO is a Canadian broker for members who want a reusable credit line rather than a one-off loan, with prequalification that leaves no hard credit search on file. Its apr of 19.9% to 34.9% on amounts of CAD 1,000 to CAD 15,000 sits well above the 10.5% typical for the wider market.

Key facts

Best for
Members who want a home improvement line they can draw on again.
APR
19.9% to 34.9% (Source, checked September 26, 2026)
Loan amount
CA$1,000 to CA$15,000 (Source, checked September 26, 2026)
Credit check
Soft prequal (Source, checked September 26, 2026)
Funding time
Funds deposited into your bank account the same business day (Source, checked September 26, 2026)
Lender type
Broker (Source, checked September 26, 2026)
Eligibility
KOHO members residing in Alberta, Ontario, New Brunswick, Saskatchewan, Nova Scotia and British Columbia; Government ID and bank account information required to verify income (Source, checked September 26, 2026)
Loan types
Personal, Credit-line, BNPL (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
KOHO Financial Inc. (Source, checked September 26, 2026)
Headquarters
Canada (Source, checked September 26, 2026)
Support channels
Chat, Phone, Help-centre (Source, checked September 26, 2026)
Features
Same-day funding, Credit line
Official website
koho.ca

Apps and profiles

Elsewhere
TrustpilotLinkedInX

Pros and cons

Pros

  • Apr of 19.9% to 34.9% on amounts of CAD 1,000 to CAD 15,000 for the credit line
  • A soft prequalification, so a credit check does not follow the first enquiry
  • Funds deposited into your bank account the same business day
  • A credit line you can draw on again, plus personal loans and buy now pay later under the same membership

Cons

  • Apr reaches 19.9% to 34.9% at the top of the range, above the 20% many rivals sit at
  • Membership is limited to residents of Alberta, Ontario, New Brunswick, Saskatchewan, Nova Scotia and British Columbia
  • Support runs on chat, phone and help centre
KOHO

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Scored 8.6 / 10 by BorrowCue.

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Who it suits

  • Members in the provinces listed who are funding home improvement work
  • Borrowers who expect to draw more than once rather than take a single loan
  • People who want to see an offer before committing to a full credit check

Who should look elsewhere

  • Anyone outside the listed provinces, who cannot open the account
  • Borrowers chasing the lowest rate, since the top of the range is steep against the 20% mark
  • Readers who prefer a direct lender, since KOHO sits in the broker minority on the site at 20.6%

The company behind it

The line is arranged by KOHO Financial Inc., which is based in Canada and reaches applicants through a membership rather than a branch network. Members get a credit line they can draw on as needed, alongside personal loans and buy now pay later. Support runs on chat, phone and help centre, so help is available by phone, in chat and in the help centre once you are inside the account.

How KOHO compares

Where KOHO is available

Available
Canada

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What apr does KOHO charge on its credit line?+

The line of credit runs at an apr of 19.9% to 34.9%. That is well above the 10.5% recorded across credit lines on the site, so it pays to compare before you accept. The rate you are offered depends on your own profile.

How much can I borrow from KOHO?+

Borrowers can take CAD 1,000 to CAD 15,000 on the line of credit. That sits above the €885.74 typical amount in this category, which is useful if the work is more than a quick repair. Drawdowns come out of the limit rather than opening a new agreement.

Does applying to KOHO damage my credit file?+

KOHO runs a soft prequal, so a first look at an offer does not leave a hard credit search behind it. A hard search usually follows only once you accept and the application is processed. Checking first is therefore a low cost way to see the rate.

How quickly can I get the money?+

Funds deposited into your bank account the same business day. Same day funding is one of the more common features among lenders on this site, at 82.9%, so the speed is competitive rather than unusual. It is worth pairing with the reusable line for urgent repairs.

Who can open a KOHO account?+

KOHO is based in Canada and takes members resident in Alberta, Ontario, New Brunswick, Saskatchewan, Nova Scotia and British Columbia. Government ID and bank account details are needed to verify income. Applicants outside those provinces would need a lender that serves their area.

Is KOHO a lender or a broker?+

KOHO is a broker rather than the lender itself, which is the minority model here, at 20.6% against 72.1%. A broker places your application with a lending partner, so the rate you receive comes from that partner and is set against the 19.9% to 34.9% range shown.

What can I use the KOHO line for besides borrowing once?+

The line is aimed at home improvement work, and because it is a credit line you can draw again instead of applying afresh. KOHO also offers personal loans and buy now pay later, so a member can hold a flexible line alongside those. Support runs on chat, phone and help centre.

How does KOHO compare with Monzo Flex on cost?+

Monzo Flex shows an apr of 10% to 23%, below the 19.9% to 34.9% range on the KOHO credit line. Readers who put rate first and flexibility second may prefer that. Readers who want to draw repeatedly on one facility are better served by the KOHO line.

Sources

  • koho.ca checked September 26, 2026

    Backs: Legal entity

    “The KOHO Mastercard Prepaid card is issued by KOHO Financial Inc.”

  • koho.ca/line-of-credit checked September 26, 2026

    Backs: Loan amount, APR, Credit check, Eligibility, Features, Funding time, Headquarters, Lender type, Loan types, Use cases

    “Apply to get between $1,000-$15,000 with interest rates as low as 19.9%”

  • koho.ca/pay-later checked September 26, 2026

    Backs: Support channels

    “Can't find the answer you're looking for? Please chat to our friendly team. Visit our FAQs”

Compiled from 3 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Term, Arrangement fee, Representative example.

KOHO

KOHO

Members who want a home improvement line they can draw on again.

8.6/10Visit

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