30-second answer: KOHO Line of Credit is a revolving personal credit product (originally powered by Fora) inside the KOHO app. APRs typically sit between roughly 19% and 34.99%, with your individual rate set by income and credit profile. It's cheaper than a payday loan, more expensive than a bank LOC. Best for short-term flexibility — not a long-term borrowing tool.

What KOHO Line of Credit is

KOHO Line of Credit is a revolving personal line of credit offered to approved KOHO users. The lending is structured through KOHO's partnership with Fora Credit, a Canadian consumer lender. You get a pre-approved credit limit, and you can draw funds, repay them, and redraw — the way a credit card works, but with a single defined rate instead of promotional/cash-advance tiers.

Unlike the KOHO prepaid card (where you can only spend what you've loaded), the Line of Credit is real borrowed money. You owe interest on the daily balance from the moment you withdraw until you fully repay.

Rates and limits (2026)

KOHO publishes its Line of Credit rate as a range, not a single APR — that protects them from quoting one number publicly when underwriting outcomes vary. Based on KOHO's current public disclosures, the APR range typically falls between roughly 19% and 34.99%. Limits are set per user and commonly start in the low thousands, with increases over time as you demonstrate on-time repayment.

Where you land in that range depends on:

• Your credit score (Equifax / TransUnion)
• Verified income (typically read from KOHO direct-deposit history)
• Existing debt-service ratio
• Length of relationship with KOHO

How to apply for KOHO Line of Credit

1. Open the KOHO app and tap Line of Credit.
2. KOHO runs a soft credit check — no impact on your credit score.
3. Confirm income (KOHO will read recent direct deposits to your account).
4. If approved, you'll see your offered limit and APR — review and accept inside the app.
5. The line becomes available immediately for withdrawal.

Funding decisions are usually returned in minutes. If declined, KOHO will typically point to broad reasons (credit history, income verification, existing debt) without disclosing the underwriting model itself.

How withdrawals work

Once your line is active, withdrawing is straightforward:

• In the app, choose Line of Credit → Withdraw.
• Enter the amount (any value up to your remaining available limit).
• Funds are deposited into your KOHO spending account, usually within minutes.
• From there: spend on the prepaid Mastercard, send an e-Transfer, or move funds to an external Canadian chequing account.

Interest accrues daily on the outstanding balance from the day of withdrawal. Minimum monthly payments are calculated against the balance, not the limit — if you draw $0, you owe $0.

What Reddit users actually report

Public discussion on r/PersonalFinanceCanada and r/koho is mixed and useful mainly for setting expectations:

• Approval speed: Many users with steady direct-deposit income into their KOHO account report approval in minutes.
• Rate variability: Reported APRs span the full range KOHO publishes — there is no consensus "real" rate.
• Limit growth: Users describe modest limit increases after several months of clean repayment.
• Declines: Common reasons cited include thin credit file, high existing debt, or recent missed payments elsewhere.

Anonymous online posts are anecdotes, not data — your actual experience depends on your file. We do not link to specific Reddit threads because they change and get deleted; search "koho line of credit" on Reddit if you want the current public conversation.

KOHO Line of Credit vs the alternatives

KOHO Line of Credit vs KOHO Cover

These are two different products and they're often confused:

• KOHO Line of Credit — revolving credit, real APR, real lending decision, larger limits.
• KOHO Cover — fixed-amount cash advance bundled into paid KOHO plans, no interest, capped around $250. See our Bree vs Nyble vs KOHO Cover comparison.

When KOHO Line of Credit makes sense — and when it doesn't

Reasonable use:

• Bridging a 2–4 week income gap with a clear repayment date.
• Covering an unexpected bill while you wait for a payday or refund.
• You qualify near the bottom of the published rate range.

Bad fit:

• Funding ongoing lifestyle spending — interest compounds quickly.
• Carrying balances long-term — a bank LOC will be roughly half the rate.
• You qualify near the top of the rate range and have other options.

Related reading

• Full KOHO review (2026)
• Best cash advance apps in Canada
• How BNPL affects your credit score in Canada
• Loan calculator — model your real cost