Expecting the unexpected just got easier
Zero Interest
No matter how much we spot you, we’ll never charge you interest. One financial emergency is enough, right?
Guaranteed Cover
There’s no application process, no credit checks, no jumping through hoops.
Borrow up to $250
Regular on-time repayments can help you unlock even more cash over time.
Easy Access
Get in-app access to your funds right away, or withdraw it from an ATM, whatever floats your emergency boat.
How does Cover work?
Sign up, get a cash advance, pay a monthly fee, rest a little easier knowing you’re sorted for emergencies.
- If you don’t already have one, get a KOHO account, then sign up for Cover.
- You’ll get a cash advance from $20 up to $250, based on your eligibility.
- Once you subscribe to Cover, you can easily access your cash advance funds right away in-app or withdraw it from an ATM.
- Have questions? All Cover subscribers will get access to priority customer support.
| 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 |
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.
Cover cash advance may not impact your credit score as long as you repay on time. That's one less thing to worry about!
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 advances 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!
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.
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!