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Apps like KOHO

KOHO Cover provides fast access to a cash advance for unexpected financial emergencies—and so do these KOHO alternatives.

KOHO is a popular money app that offers a spending and savings account along with a wide range of money management tools. One of its key features is KOHO Cover, which provides quick and easy access to an interest-free cash advance of up to $250 to help you cover unexpected expenses.

But KOHO isn’t your only option if you need a short-term loan fast. Check out these apps like KOHO to find a cash advance or loan that meets your needs.

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Cash advance apps like KOHO

Nyble

Nyble Credit Line

$30 – $150
Loan amount
Starting at 0%
APR
30 days, extendable
Term

How it works

Nyble provides a credit building line of $30 to $150 to help you develop your credit history and cover short-term cash flow issues. Like KOHO, there are no interest charges to worry about, and Nyble reports your payments to the credit bureaus each month. You'll get funded in 1-3 business days with a free account, or you can get a premium membership for $11.99 a month for fast funding within minutes and other perks.

How to get your cash advance

You'll need to be the age of majority, have a valid Canadian bank account and have more than $1,000 directly deposited into your account each month. Apply online by providing your name, contact details, date of birth, bank account details and proof of ID.

  • Easy online application
  • No credit check
  • Interest-free
  • Build your credit score
  • Maximum loan amount of $150 may not be enough
  • $11.99 monthly fee if you want fast access to funds
Loan amount $30 – $150
APR Starting at 0%
Term 30 days, extendable
Fees 0% interest and no fees to access credit, optional $11.99/month membership for premium services like instant funding
Origination fee $11.99
Turnaround time 1-30 minutes with a paid membership or 1-3 business days with a free membership.

Bree

Bree Early Pay

$20 – $350
Loan amount
Starting at 0%
APR
Next pay cycle (61 days max.)
Term

How it works

Bree offers interest-free cash advances of up to $350 to help you cover unexpected expenses. It's easy to apply, and there are no credit checks. But keep in mind that a $2.99 monthly membership fee applies. You'll get funded within 3 business days, unless you pay an extra fee to receive funds within 8 hours.

How to get your cash advance

You'll need to have an active chequing account and receive recurring income via direct deposit. Apply online by providing your name, date of birth, contact information and bank account details.

  • No credit check
  • No interest
  • No late fees
  • Monthly membership fee
  • Extra fee for fast access to funds
  • $350 may not be enough for your needs
Loan amount $20 – $350
APR Starting at 0%
Term Next pay cycle (61 days max.)
Fees 0% interest for cash advances but a $2.99 monthly membership fee applies, fee for express funding (varies based on advance)
Turnaround time Within 8 hours with express delivery (fee is based on the advance amount) and up to 3 business days for standard delivery
⚠️ Warning: Be cautious with payday loans
High-cost payday loans are unsustainable for borrowing over a continued period of time and are expensive as a means of longer-term borrowing. View payday costs and regulations by province here. If you're experiencing financial hardship call Credit Counselling Canada for free financial counselling (Monday-Friday 8:00am-5:00pm at +1 866-398-5999). You may also want to consider payday loan alternatives.

Payday loan apps like KOHO

iCash

iCash Payday Loan

$100 – $1,500
Loan amount
7 – 62 days
Loan Term
2 minutes
Min. Turnaround Time

How it works

Next on our list of apps like KOHO is iCash, an online 24/7 payday lender that provides loans of up to $1,500. Approvals are instant and the funds are sent to your account via e-Transfer, so it's possible to get funded in minutes. But unlike KOHO, iCash offers payday loans that come with very high APRs.

How to get your loan

Apply online or via the iCash app. Provide your name, date of birth, contact information and details of your employment and income.

  • 4.6/5 stars based on over 2,400 Trustpilot reviews
  • Fast access to funds
  • 24/7 approval and funding
  • Highly rated mobile app
  • High cost of borrowing
  • Short repayment period
  • Not available in all provinces
Loan amount $100 – $1,500
APR Varies by province
Term 7 - 62 days
Min. Turnaround time As little as 2 minutes with Interac e-Transfer
How to apply Online
In Store
Credit Check Yes

PAY2DAY

PAY2DAY Payday Loan

$300 – $1,500
Loan amount
Up to 62 days
Loan Term
60 minutes
Min. Turnaround Time

How it works

Apply for a loan of up to $1,500 online or in person with payday lender PAY2DAY. Applications are accepted 24/7 and, like KOHO, there are no credit checks to worry about. It's also possible to get approved and funded within 1-2 hours. Unlike KOHO, PAY2DAY offers payday loans, which are very expensive to repay.

How to get your loan

Apply online, in-store or via mobile app. You'll need to have a Canadian bank account and receive a steady income. Apply by providing your personal info, proof of ID and income and employment details.

  • Fast access to funds
  • 24/7 funding and approval
  • 4.8/5 stars based on over 5,400 Trustpilot reviews
  • Extremely expensive
  • Short repayment period
  • Not available in all provinces
Loan amount $300 – $1,500
APR Varies by province
Term Up to 62 days
Min. Turnaround time Within 1-2 hours via e-Transfer once approved
Credit Check No

Money Mart

Money Mart Payday Loan

$120 – $1,500
Loan amount
1 – 62 days
Loan Term
60 minutes
Min. Turnaround Time

How it works

Money Mart provides payday and installment loans online and in-store. Payday loans of up to $1,500 are available, and you can get approved and funded in as little as 24 hours. However, keep in mind that payday loans are very expensive to repay.

How to get your loan

Apply online or in-store. You'll need to have a chequing account and a steady source of income, and you can apply by providing your personal information and bank account details.

  • 4.5/5 stars based on over 4,000 Trustpilot reviews
  • Easy online application
  • Get funded within 24 hours
  • Very expensive
  • Short repayment period
  • Not available in all provinces
Loan amount $120 – $1,500
APR Varies by province
Term 1 - 62 days
Min. Turnaround time As little as 1 hour after getting approved
How to apply Online
In Store
Credit Check No

Cash Money

Cash Money Payday Loan

$100 – $1,500
Loan amount
5 – 40 days
Loan Term
15 minutes
Min. Turnaround Time

How it works

Pay loan and line of credit provider Cash Money has been in business for over 30 years. You can apply for a payday loan of up to $1,500 and get approved and funded in a matter of minutes. There are no credit checks either, but keep in mind that payday loans are very expensive to repay.

How to get your loan

Apply online, via mobile app, in-store or over the phone. Eligibility requirements include a chequing account and a steady source of income. Apply by providing your name, contact info and employment and income details.

  • Established in 1992
  • 4.4/5 stars based on over 4,800 Trustpilot reviews
  • Instant decisions
  • Fast access to funds
  • High cost of borrowing
  • Short repayment period
  • Not available in all provinces
Loan amount $100 – $1,500
APR Varies by province
Term 5 - 40 days
Min. Turnaround time As little as 15 minutes with INTERAC e-Transfer
How to apply Online
In Store
Credit Check Yes

Credit Club

Credit Club Payday Loans

$100 – $1,500
Loan amount
Up to 62 days
Loan Term
30 minutes
Min. Turnaround Time

How it works

Credit Club is an online payday lender that offers short-term loans of up to $1,500. You can apply for a loan online any time, and it's possible to get approved and funded in as little as 30 minutes. But payday loans are expensive, so make sure you can afford repayments before you apply.

How to get your loan

Apply online 24/7. You'll need to have an active chequing account and have been employed in the same job for at least three months. The application requires your name, contact information, bank account information and employment and income details.

  • Get your loan within 30 minutes
  • Apply 24/7 with automatic approvals
  • No credit check
  • 4.7/5 stars based on over 3,100 Credit Club reviews
  • Expensive
  • Short repayment period
  • New customers limited to $500
  • Not available in all provinces
Loan amount $100 – $1,500
APR Varies by province
Term Up to 62 days
Min. Turnaround time 30 minutes
Credit Check No
Maximum borrowing costs of payday loans per province
Always refer to your contract for exact repayment amounts and costs.
Province Max. cost of borrowing a $100 payday loan Cooling off period to cancel loan Max. penalty for returned cheque or pre-authorized debit
Alberta $15 2 business days $25
British Columbia $15 2 business days $20
Manitoba $17 48 hours excluding Sundays and holidays $20
New Brunswick $15 48 hours excluding Sundays and holidays $20
Newfoundland and Labrador $14 2 business days $20
Nova Scotia $15 Next business day (2 days for online loans) $40 (default penalty)
Ontario $15 2 business days $25
Prince Edward Island $15 2 business days N/A
Quebec Limit of 35% AIR N/A N/A
Saskatchewan $17 Next business day $25

How does KOHO compare?

You can read our KOHO Cover review for full details of how it stacks up against the competition. But if you want a quick rundown, check out the pros and cons below.

Pros

  • Interest-free cash advance of up to $250
  • No credit check needed to apply
  • Repay your cash advance any time
  • Instant access to funds in the KOHO app or via ATM
  • No required income

Cons

  • A monthly KOHO Cover fee of at least $2 applies
  • You may also need to pay a KOHO plan fee, but there is a free plan available.
  • Maximum cash advance of $250 may not be enough for some people
  • Won’t improve your credit score

Bottom line

KOHO Cover is well worth a look if you need access to emergency cash, but it’s far from your only option. There are several other apps like KOHO that offer quick and easy access to short-term cash advances and loans. Compare them all to find the right option for you, but just make sure you understand the full cost of borrowing before you apply.

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To make sure you get accurate and helpful information, this guide has been edited by Leanne Escobal as part of our fact-checking process.
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Written by

Writer

Tim Falk is a freelance writer for Finder. Over the course of his 15-year writing career, he has reported on a wide range of personal finance topics. Whether you're investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. When he’s not staring at his computer, you can usually find him exploring the great outdoors. See full bio

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