You must have a KOHO account and reside in an operational province - Alberta, British Columbia, New Brunswick, Nova Scotia, Ontario, or Saskatchewan -in order to apply.

To be eligible for a Line of Credit from Fora, you must (at minimum):

• Be a Canadian citizen or permanent resident with a valid government-issued identification;
• Be a resident of and legal age of majority in the provinces/territories where a KOHO Line of Credit are offered;
• Have a KOHO account;
• Have an open and active personal bank account;
• Have a consistent source of income;
• Receive income through direct deposit; and
• Have a valid contact number and an active email address.

Eligibility for a KOHO Line of Credit will depend on creditworthiness criteria.

An application for a KOHO Line of Credit can only be started from the KOHO app. Check your KOHO app for details.

No, there is no cost to apply for a KOHO Line of Credit.

If you are approved for a KOHO Line of Credit, provided by Fora, a hard inquiry will appear on your credit report indicating that you have a Line of Credit from Fora. If your application is not approved, your credit score will not be impacted⁴.

No, you do not need to be employed to be eligible for a KOHO Line of Credit. However, you are required to receive income consistently to ensure you can make payments on your Line of Credit.

Yes, you will need an open and active personal bank account to apply for a KOHO Line of Credit. Business bank accounts are not accepted.

Yes - we will need to verify your bank account and income details. This process also ensures that when you request a draw, the funds to into the correct bank account as applicable.

We verify your banking information electronically through a secure online bank verification process that may be done in minutes.

Online bank verification uses a secure portal to allow us to conveniently verify your bank account details and income deposit information online and in real-time. This tool will provide only certain information from your bank in a read-only format. At no time will your online banking login credentials, or any additional security responses, be shared with us by your bank. Currently, Fora uses DecisionLogic and Flinks as online bank verification service providers.

Online bank verification is required to complete your application. Fora uses an online bank verification tool because it's a safe, convenient and quick way to verify your banking information.

The security of your information is important to us. The bank verification process is a safe and secure process which uses 256-bit Advanced Encryption Standard (AES-256). Your username and passwords associated with your online bank are never displayed, viewed or stored.

If your application requires additional information, which we are unable to verify online or over the phone, you may be asked to provide some documentation.

Additional documents that could be requested include, but are not limited to:

• Bank account supporting documents (e.g. void cheque)
• Proof of identity (e.g. driver’s license)
• Proof of residence (e.g. utility bill)

Please note that documentation such as pay stubs or bank statements must be less than 30 days old, and renewable documentation such as a driver’s license or other government-issued identification cannot be expired.

If we ask you to provide documents to us, you can upload them securely by following these steps: log into your account, navigate to your Profile, scroll down and click on Upload Document. Next, select the document type and description, then choose the file you wish to upload.

You can upload most images and/or PDF files, up to 5MB in size. If you are required to provide multiple documents, you will need to upload each document individually.

Having trouble uploading your documents? You also have the option to email a copy to us at [email protected].

You will receive an email confirmation if your KOHO Line of Credit has been approved. You may also check your online account for the most up-to-date account information.

The process to receive funds is fast and easy. If your application is approved and you request a draw, your funds will be deposited right into your bank account.

If you’re approved and you request a draw before 12:30 pm ET Monday to Friday, funds will typically be deposited into your bank account the same business day, otherwise funds will be deposited the next business day. Remember, you can request a draw so long as you have available credit by logging into your secure online account³.

Funding cut-off times are subject to change. The date and time funds are made available to you by your bank are subject to your bank’s policies. If you require any assistance or for more information, contact Customer Care at 1-855-376-9988.

Absolutely! You can reapply again in 30 days if you’re initially declined for a KOHO Line of Credit.