Once approved for a Line of Credit, you can choose to Borrow Now or Borrow Later. If you Borrow Now, the funds will be deposited instantly in your Varo Bank account. If you choose to Borrow Later, you can revisit the Line of Credit tile in your app at any time to review your loan options as long as you continue to meet the eligibility requirements.
The following fees and installment periods apply to each Line of Credit, depending on your approved amount:
| Line of Credit Amount | Fee | Amount of Installments | Monthly Payment |
| $600 | $60 | 3 | $220 |
| $800 | $100 | 4 | $225 |
| $1000 | $152 | 6 | $192 |
| $1250 | $226 | 9 | $164 |
| $1500 | $300 | 12 | $150 |
| $2000 | $400 | 12 | $200 |