How to Build Credit with Koho

Build Credit with KOHO’s Credit Builder Line of Credit

Building a good credit score is important in Canada, and KOHO offers a simple, low-risk way to do it. Their credit building program is called the KOHO Credit Builder line of credit. Koho Credit Builder gives you a way to show lenders you pay on time—without interest, hidden fees, or hard credit checks.

What Is KOHO Credit Building?

If you sign up for this optional program, KOHO opens a small line of credit under your name. You choose how much you want to pay each month—typically $10. When you make that payment KOHO reports your payment to Equifax, one of Canada’s main credit bureaus. Over time, these regular payments can boost your credit score as long as you continue to make them on time for the full amount.

KOHO estimates the average user gains about 31 points in just 4 months by using the Credit Builder.

Why It's Safe and Easy

There is no complicated interest payment, you just pay the fixed monthly fee.
Guaranteed approval. No credit check is required, so even people with no credit or bad credit scores can apply
No hidden fees. Just a clear monthly cost, usually $10.

Bonus Features

Rent Reporting. KOHO can also report rent payments to increase your credit score.
Financial Coach Access. You get access to KOHO’s in-house financial coach for help along the way
Free Credit Report. You can see your Equifax score and check for errors directly in the Koho app .

Is Koho Credit Builder Right for You?

Yes, if you want to build credit safely, without high debt or interest. It is especially good for people without credit history (first timers, immigrants, etcetera) or those recovering from bad credit issues. If you follow the plan, make all your payments on time each month, you could see real results in your credit score in just a few months.

3 Months Free Koho Referral Bonus

Sign up for Koho using referral link https://web.koho.ca/referral/WIKA251Q to get 3 free months of Koho's Everything Plan. That's $66 of savings!

If you're doing it manually or via the app, just use code WIKA251Q when you sign up with Koho to get your 3 free months of Koho's Everything Plan.

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