How pay later
works
Select one or more $100+ purchases, up to $1000. Then pick a monthly instalment plan to pay them off how you’d like.
We're flexible. You can repay the cost of your past purchase over 3 months, 6 months, or 9 months. Just pick the length that works for you.
We’ll put together all the details of your plan so all you have to do is easily review and confirm to make sure everything looks good and works for you.
Once finalised, you're good to go. Your Pay Later plan will be active and we'll deposit money into your Spendable account, usually within 24 hours.
Why people love koho
“When my car needed repairs, I used KOHO's Cash Advance to quickly get $200. The process was easy and stress-free.”
Sarah McGlery
KOHO member for 10 months
Why people love koho
Signing up is simple
Pay Later is just on the KOHO app. To get started, download the app and then pick the plan that works best for you.
FAQS
We don't perform any credit checks for Pay Later approval. However, missed payments may be reported to the credit bureaus.
We don't charge any interest. However, until all amounts are fully repaid, you will be charged a monthly fee that will be disclosed before you sign up for the Pay Later plan. Additionally, an NSF fee of $15 (capped at once per month) may also be charged in case a payment fails to clear.
The Pay Later feature isn't available to everyone yet. Once you qualify for Pay Later and make an eligible transaction, you'll receive a notification inviting you to convert the eligible transactions into a payment plan. To improve your chances of getting Pay Later, we suggest that you keep using KOHO regularly and make sure to pay any subscription fees for other KOHO features on time
We have specific internal criteria and eligible merchants for Pay Later. Upon making an eligible purchase, if you qualify for Pay Later, you'll see eligible transactions in your KOHO app. However, there are general criteria that your purchases must meet: The transactions must be within a 30-day period. The transaction amounts must be over $100. The transaction amount must be within your Pay Later limit. Head to the main spend tab and select "Pay Later” to see your limit.
You can have only one active Pay Later plan at a time. However, you are allowed to merge several transactions into a single Pay Later plan.