Varo Line of Credit¹ is one of the best ways to access cash when you need it, directly from Varo Bank. Borrow between $600 - $2,000, depending on your credit score and Varo activity, and receive the money in seconds. Eligibility required.
Personal line of credit️
Borrow up to $2,000.
Why borrow with Varo
Forget about hidden fees, complicated terms, or accumulating interest—and instead say hello to a line of credit you can love.
Simple and transparent
A single flat fee
Instant funding
Affordable monthly payments
No late or penalty fees
One of the best ways to borrow
Varo Line of Credit gives you access to up to $2,000—no hidden fees, no interest, no BS. What are you waiting for? Join Varo and apply for a personal line of credit today. Eligibility required.
Borrow up to $2,000
A single flat fee with no interest
Monthly payments up to 12 months depending on amount
No late or pre-payment fees
Credit limit can grow as you bank, borrow and repay on time
Looking for $500 or less? Check out Varo Advance ².
We value your relationship with us.
To determine your eligibility, we look at your Varo account activity (direct deposits, account balances, and on-time payments) as well as your credit score.
BANK MORE. GET MORE. SIMPLE AS THAT.
Access higher borrowing amounts by banking more with Varo—like adding direct deposits, repaying Lines of Credit and Advances on time, and maintaining healthy account balances.
Better terms are hard to find
Line of credit amount | Months to repay | One-time fee | Monthly payment (includes fee) |
|---|---|---|---|
$600 | 3 months | $60 | $220 |
$800 | 4 months | $100 | $225 |
$1,000 | 6 months | $152 | $192 |
$1,250 | 9 months | $226 | $164 |
$1,500 | 12 months | $300 | $150 |
$2,000 | 12 months | $400 | $200 |
How to get a line of credit
1. Pre-Approval
Check your eligibility for an offer in the Varo app, with no impact on your credit score.
2. Approval
Apply for the personal line of credit amount of your choice and get a decision within seconds.
3. Funding
Once approved, the money is instantly deposited into your bank account!
A “No bs” way to borrow.
Sign up for Varo today and work on getting the extra cash that can help make life a little bit better.
Line of Credit FAQs
What is Varo Line of Credit?
What makes Varo Line of Credit different from other personal LOCs?
Does applying for Varo Line of Credit affect my credit score?
How can I check my eligibility for Varo Line of Credit?
How do you determine my initial borrowing limit?
Answer
Varo Line of Credit is a short-term installment loan that allows you to borrow amounts between $600 to $2,000 with a flat fee— based on the borrowed amount— each time you pull from your LOC.
There are no hidden fees, late fees, complex terms, or interest. Once approved, you can borrow from your Line of Credit at any time, up to your approved maximum limit. The borrowed amount and applicable fee is then repaid in equal monthly installments.