What happens if I miss a payment?

Payments for both KoraCash and KoraDrive are automatic, however you want to make sure you pay on time.

Missed Payment

If you happen to miss a payment, don't worry! Please make the payment as soon as you can to prevent any late fees or negative effects on your credit. We understand that life can get busy sometimes.

Facing Financial Stress

If you're going through a tough time financially, we're here to help. Just reach out to our team at collection@koramoney.com, and we'll work together to find the best solutions for your situation. Your financial well-being is important to us, and we're here to support you every step of the way.

If you miss a payment, or are more than 15 days past your payment due date, you’ll be charged a late fee of $15 or 5% of your payment amount, whichever is less. 

If your automatic payment is due and you do not have enough money in your account to cover the total payment, you may get charged with an additional non-sufficient funds fee (“NSF”) of $15.

There are no fees or penalties for paying off your loan early. You can make KoraCash payments right from the app and make KoraDrive payments right from the Kora website.


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