Does zero interest mean a cash advance is free?

No. A product can charge zero interest while still having a membership, transfer fee, optional tip, or other cost. Compare the total dollar cost and repayment timing.

What does KOHO currently say about Cover?

KOHO currently describes Cover as an interest-free cash advance of up to $250 based on eligibility through a paid Cover bundle. The bundle price and available limit should be verified in the app.

Is a completed fit check a conversion?

No. It is an anonymous decision-tool event. Only authenticated provider evidence can confirm a paid conversion or revenue.

Cash Advance Apps Canada: Cost & Fit Calculator

Cost calculator

Add every dollar.

Enter the current terms shown by the provider. Bremo does not send these values anywhere.

Advance amount

Membership cost for this useUse the cost attributable to this advance.

Express or transfer fee

Optional tip

Expected uses in 12 months

Cost this use

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Cost as % of advance

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12-month usage cost

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This is a dollar-cost comparison, not an APR calculation. It excludes any unentered fee and the cost of an NSF or missed payment.

Private fit check

Choose the safer branch.

Answer from your current situation. The result does not determine provider eligibility or approval.

When is the money needed?

How much is needed?

Is this likely to repeat?

Can the next pay cover repayment and regular bills?

Would a KOHO spending account fit the need?

Review KOHO Cover through Bremo See FCAC alternatives

A generated result or click is not an approval, customer, paid conversion, revenue or profit event.

Before borrowing

Three hard questions.

Can the bill move?

FCAC lists asking for more time to pay as an alternative. A short extension can cost less than moving the gap to payday.

Will repayment reopen the gap?

If repayment leaves the next paycheque unable to cover regular bills, another advance is not a one-off bridge.

Did you add every fee?

Zero interest does not remove membership, transfer, tip, missed-payment or bank NSF costs.

Primary sources and boundaries

KOHO Cover — currently describes an interest-free advance, up to $250 based on eligibility, through a Cover bundle whose fee starts as low as $2 and varies.

KOHO: What is Cover? and How Cover works — current bundle and repayment mechanics. Verify the app before acting.

Financial Consumer Agency of Canada: payday loans — current cost example and lower-cost alternatives.

Reviewed August 13, 2026. Bremo may earn compensation if a qualifying account is opened through a sponsored link. That does not change the calculator or the decision branches. Provider terms and eligibility can change. Educational information, not financial advice.