Varo Line of Credit offers borrowing amounts ranging from $600-$2,000 with a flat fee of $60 to $400 based on the amount borrowed. There are no hidden fees, late fees, complicated terms, or accumulating interest.
Once eligible, you can borrow from your Line of Credit at any time, up to the maximum you’re approved for. You’ll then repay the amount borrowed in equal monthly payments.
You must repay your current Line of Credit balance (including fees) in full before requesting additional funds.
Once qualified your credit limit may fluctuate based on a variety of factors. Eligibility and/or credit limit information is available in the Varo App. Qualifications apply.
Learn more about Line of Credit.