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Get a cash advance of up to $250 in canada
You can’t always predict what’s ahead. Get access to an instant, interest-free cash advance when you need it. Apply today and have your online cash advance in minutes!
what is a
cash advance?
Whether your car needs surprise repairs or an unexpected bill lands in your inbox, KOHO Cover helps bridge the gap without the steep interest rates typically charged by payday loan lenders.
A cash advance provides a quick way to borrow money using your credit card, letting you withdraw cash instantly. While convenient, these advances come with higher fees and steeper interest rates compared to regular credit card purchases, making them an expensive alternative to traditional payday loans.
We've designed our online cash advance specifically for Canadians like you who need quick and easy financial support, offering a more affordable solution than standard payday loan options.
No hidden fees, no complicated terms – just straightforward financial support when you need it most.
how does koho
cover work?
Getting an instant cash advance in Canada has never been easier. The best part? Applying for a cash advance loan through KOHO Cover won't impact your credit score, making it a safe and secure option for all Canadians.
- If you don’t already have one, get a KOHO account, then sign up for Cover.
- You'll get instant cash advances starting as low as $2, with no added interest.
- Once you subscribe to Cover, you can easily access your cash advance funds right away in-app.
Have questions? All Cover subscribers will get access to priority customer support.
apply for an instant cash advance today
Zero Interest: No matter how much we spot you, we’ll never charge you interest on your cash advance loan.
Guaranteed Approval: No application process, credit checks, no jumping through hoops.
Borrow up to $250: Access cash advances based on your eligibility.
Instant Access: Get your money immediately through the KOHO app
Compare Cash Advances in Canada
See why KOHO is the smarter choice for your financial needs:
| KOHO | Most Cash Lenders | Most Cash Advance Apps | |
|---|---|---|---|
| Interest | 0% APR | 21% APR | 29%+ APR |
| Repayment cycle | Anytime | Next Payday | Next Payday |
| Credit check | No | Yes | Yes |
| Access | Instant | Up to 24 hrs | 24hrs + |
| Proof of income | No | Yes | Yes |
| KOHO | Most Cash Lenders | Most Cash Advance Apps |
|---|---|---|
| Interest | 0% APR | |
| Repayment cycle | Anytime | |
| Credit check | No | |
| Access | Instant | |
| Proof of income | No |
Find the Perfect Plan for You
Explore our plans, from higher cash back to discounted Credit Building — it’s all about what matters most to you.
Essential
Earn more on the essentials your wallet cares about.
Starting from*
$0
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What cover users are saying
FAQS
A cash advance gives you instant access to funds to cover emergency expenses, or unexpected purchases, like a car repair, or a pet emergency. Typically, you need to repay the funds by a set date. Most cash advances charge interest, but with Cover, you’ll never have to pay interest.
At KOHO, we're committed to supporting your financial flexibility with Cover. We keep things simple by not performing credit checks for approval, giving you quick access to funds when you need them most. While we aim to help you get back on your feet, it's important to know that loans outstanding for more than 3 months may be reported to credit bureaus at our discretion. By staying on top of your repayments, you can maintain a positive financial track record and make the most of our supportive service.
A cash advance is a short-term loan that helps cover unexpected expenses until your next paycheck arrives. For a small fee, you can get quick access to funds when you're in a tight spot.
Everyone! All users who sign up for Cover will get instant access to funds starting as low as $2! Over time, you can unlock a higher limit. While our system automatically determines your limit, you can help your chances of an increase by regularly using your KOHO Spendable account and paying your monthly fees on time.
A cash advance fee is a small charge that you pay for borrowing money before your next paycheck.
Cash advance is a small amount of debt without any interest. Pay your full monthly subscription fee on time so you don't have any debt to worry about.
The main difference between a loan and a cash advance is their purpose. Loans are generally taken out for larger or more long-term financing necessities, like paying college fees or buying a vehicle. A cash advance is typically designed for more short-term or emergency situations. Often cash advances have higher interest rates than a loan, but with Cover, you won’t have to pay any interest!
If you are eligible to increase your Cover amount, we’ll let you know. There are some things you can do to increase the likelihood of a higher Cover limit: continue to make use of KOHO for everyday spending, and repay your monthly Cover fees on time. Using other KOHO features like Credit Building, and paying bills from your account can help too. Good things come to those who wait. Our support team cannot grant higher amounts upon request.
KOHO Cover fee starts as low as $2 and varies based on the amount of the cash advance among other factors, visit the KOHO app to know more!
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