Last Updated: 04/18/2025
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Highlights
APR (Fee-Based Product)
0.00%(Verified 08/02/2024)
Amount Range
N/A
Loan Term (Months)
24
Kovo Installment Credit Account Review
Kovo Installment Credit Account is offered by Kovo, a nonbank financial services provider founded in 2019 and based in Beaverton, OR. Kovo Installment Credit Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Fee-based product. Unlike most personal loans, which typically charge a simple daily interest rate, Kovo Installment Credit Account does not have a periodic interest rate. Instead, it charges a fixed-fee.
- No origination fee. Kovo Installment Credit Account does not charge a loan origination fee.
- No late fees. Kovo Installment Credit Account will not charge additional fees if you miss the due date on a payment.
Kovo Installment Credit Account Pros & Cons
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Kovo Installment Credit Account FAQ
What interest rates and personal loan terms does Kovo Installment Credit Account offer?
Kovo Installment Credit Account has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Kovo Installment Credit Account offer?
Kovo Installment Credit Account offers a fee-based personal loan product of 0.00%.
What is the maximum loan term you can get with Kovo Installment Credit Account?
Kovo Installment Credit Account offers loans with terms of 24 months.
| Personal Loan Amount | N/A |
| Loan Term | 24 months |
| APR | 0.00% |
What fees does Kovo Installment Credit Account charge?
Does Kovo Installment Credit Account charge an origination fee?
Kovo Installment Credit Account does not charge a personal loan origination fee.
A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, consider lenders that don’t charge origination fees.
Does Kovo Installment Credit Account charge a late fee?
No, Kovo Installment Credit Account will not charge you a late fee if you miss payments.
Does Kovo Installment Credit Account charge prepayment fees?
No, Kovo Installment Credit Account does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.
| Origination Fee | 0.00% |
| Prepayment Fee | No |
| Late Payment Fee | $0.00 |
What do you need to qualify for Kovo Installment Credit Account?
Kovo Installment Credit Account does not require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher. Kovo Installment Credit Account does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Kovo Installment Credit Account.
To qualify, applicants may need to provide the following documentation:
- Driver's license or other government photo ID
- Government issued photo ID
- Proof of identity
| Minimum Age | 18 |
| Bank Account Required? | No |
| Credit Score | N/A |
Does Kovo Installment Credit Account report your account activity to credit bureaus?
Yes, Kovo Installment Credit Account reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
- Innovis
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does Kovo perform a hard credit pull?
Yes, Kovo Installment Credit Account performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Are Kovo Installment Credit Account legit?
Kovo was founded in 2019. It is an established company that has been in business for 7 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
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