Updated September 28, 2026 · BorrowCue Editorial Team
KOHO vs Sezzle
Where KOHO and Sezzle differ
| Compare |  KOHO |  Sezzle |
|---|---|---|
| APR | 19.9% to 34.9%Lower | 45% |
| Loan amount | CA$1,000 to CA$15,000 | from $20 |
| Funding time | Funds deposited into your bank account the same business day | Immediate: Sezzle pays the merchant in full for the order as soon as the order is placed |
| Lender type | Broker | Direct lender |
| 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 | 18 years or older, US or Canadian resident with a mobile number that receives texts, verifiable email and a non-prepaid debit or credit card |
| Loan types | Personal, Credit line, BNPLCovers more | BNPL, Personal |
| Term | Not confirmed | 1.5 months |
| Arrangement fee | Not confirmed | $0 to $7.49 finance charge (service fee) charged at loan origination |
| Representative example | Not confirmed | Pay in 4: $300 loan, $75 down payment today, then 3 payments of $75 every two weeks at 45.0% APR, total payments $307.49 including a $7.49 service fee |
| Rate type | Not confirmed | Fixed |
| Use cases | Home improvement | Not confirmed |
Same on both: Credit check (Soft prequal).
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Key differences
- Sezzle scores higher overall: 8.7 vs 8.6.
- Sezzle is available in 1 more country.
- APR is lower at KOHO: 19.9% to 34.9% vs 45%.
- Support channels: only KOHO offers Chat.
- Support channels: only Sezzle offers Email.
- Loan types: only KOHO offers Credit line.
Our verdict on each
KOHO
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.
Sezzle
Sezzle turns a shop into a down payment at checkout and the rest in short instalments, which suits shoppers spreading a modest basket over weeks. The trade-off is the 45% APR plus a service fee at order placement, so it works for smaller orders rather than large ones.
Score breakdown
| Area | KOHO | Sezzle |
|---|---|---|
| Cost | 8.5Higher | 8.2APR of 45% plus a service fee at origination sits above cheaper rivals, and the plan clears in 1.5. |
| Offer | 9.2HigherA soft prequal check, a credit line and Funds deposited into your bank account the same business day. | 8.5A soft prequal check, a fixed rate, and the merchant paid in full the moment the order is placed. |
| Trust | 8.3 | 9.2Higher |
Where they rank in our lists
| Ranking | KOHO | Sezzle |
|---|---|---|
| Personal loans | 132 of 1932 | 128 of 1932 |
| Buy now, pay later | 6 of 88 | 5 of 88 |
What each covers
| Loan types | KOHO | Sezzle |
|---|---|---|
| Personal | Yes | Yes |
| Credit line | Yes | No |
| BNPL | Yes | Yes |
Also worth a look
Sofkredit has apr at 10.74% to 18.06%, against 19.9% to 34.9% for KOHO and 45% for Sezzle.
Sofkredit reviewSources behind this comparison
KOHO
- koho.ca: 12 facts, checked September 26, 2026
Sezzle
- investors.sezzle.com: 5 facts, checked September 26, 2026
- legal.sezzle.com: 5 facts, checked September 26, 2026
- shopper-help.sezzle.com: 3 facts, checked September 26, 2026
- sezzle.com: 2 facts, checked September 26, 2026
Every fact side by side
| Fact | KOHO | Sezzle |
|---|---|---|
| Pricing model | Not confirmed | Fixed rate |
| Features | Same day funding, Credit line | Not confirmed |
| Legal entity | KOHO Financial Inc. | Sezzle Inc. |
| Headquarters | Canada | United States |
| Support channels | Chat, Phone, Help centre | Email, Phone, Help centre |
Where each stands against the rest
| Fact | KOHO | Sezzle | Median |
|---|---|---|---|
| APR | 19.9% to 34.9%highest quarter | 45%highest quarter | 8.99 |
| Term | Not confirmed | 1.5 monthslowest quarter | 60 months |
Median across 1005 listed lenders.
Pros and cons
KOHO
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
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
Sezzle
Pros
- The merchant is paid in full as soon as the order is placed, so nothing is held back while you clear instalments.
- Checking is a soft prequal search, a lighter touch on your file than a full credit application.
- Support runs on email, phone and help centre, with both phone and email listed.
Cons
- The 45% APR is steep, while buy now pay later listings on this site sit at 2.1%.
- Support runs on email, phone and help centre only, with live chat absent from the listed channels.
- Eligibility asks for a minimum age, a US or Canadian residence, a mobile number that receives texts, a verifiable email and a non-prepaid card, which narrows who can apply.
Who each suits
KOHO
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%
Sezzle
Who it suits
- Shoppers splitting a modest basket who prefer to keep the whole order off a card.
- People who need the order funded straight away, since the merchant is paid in full as soon as the order is placed.
- US or Canadian residents with a verifiable email and a non-prepaid card who meet the minimum age.
Who should look elsewhere
- Shoppers after a cheaper personal loan: Monzo Flex lists 10% to 23% against 45% at Sezzle.
- Borrowers who want a longer repayment window, since the 1.5 schedule finishes far sooner than a personal loan term.
- Anyone wanting an interest-free alternative: Cashspace ES lists 0%.
Current offers
KOHO
Current offer
Sezzle
Current offer
Bonus
Sezzle giveaways: over $150K in prizes given away, win $2,000 in Sezzle Spend
entries made in the Sezzle app; eligibility criteria apply
Source, checked September 26, 2026
Country by country
| Country | KOHO | Sezzle |
|---|---|---|
| United States | No | Yes |
| Canada | Yes | Yes |
Questions about each
KOHO
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.
Sezzle
What does a Sezzle plan cost?+
A service fee is charged when the plan is created, on top of the 45% APR. The worked example pairs a down payment at checkout with the balance repaid in equal instalments, and the service fee is added to the total. Budget for the instalments and the fee together.
How does that APR compare with other lenders here?+
Sezzle charges 45% APR on fixed terms. Personal loan listings on this site sit at 12%, so a short instalment plan here costs well above a typical personal loan rate. The rate is fixed, so the instalment amount holds for the life of the plan.