Tonik: Online Loans & Savings

Tonik is the first neobank in the Philippines with a digital bank license providing high-interest savings deposits, fast online cash loans, and shop installment loans for all essential needs. Tonik is innovative, passionate, and customer-oriented. Their mission is to revolutionize the way money works in Southeast Asia, offering fast, easy, and secure transactions with a team of skilled bankers that cater to all financial necessities. As a neobank, Tonik is accessible 24/7, providing services that can help one get ahead. By downloading the app, one can select from the following products:

TONIK ACCOUNT

The Tonik account is the primary account and also includes five Stashes and five Time Deposit accounts within the Tonik App. It enables users to move, organize and personalize their cash, have a virtual card, and request a physical debit card for all financial transactions.

QUICK LOAN

Tonik's Quick Loan provides easy loans without requiring credit history or collateral. One can get approval in minutes and borrow between PHP5000 up to PHP50,000, depending on their needs. Client convenience is essential, and payment dates are flexible, making the bank's services accessible to all. Additionally, one can see all loan details in the app and cash out the full amount in real-time. There are no pre-termination or early payment fees, making it a hassle-free process.

The Quick Loan features include:

Fast approvals and real-time disbursement to the Tonik Account

No credit history and no collateral needed with minimal documents required

Flexible payment dates with preferred salary payout date

6, 9, 12, 18, or 24 months installment options

100% digital, with all loan information located in the Tonik App

Full loan amount cash disbursement is real-time

One bank account for the application and cash disbursement

No pre-termination or early payment fees

Top-up the main account with auto-debit on the due date

The Quick Loan terms for:

Loan amounts: PHP 5,000 to PHP 50,000

Loan tenure: 6 to 24 months

Service Fee: PHP 500

Monthly EIR: an average of 7%, depending on the due date

Maximum Annual Percentage Rate (APR): 84%

Late fee: PHP 500

Applicable Taxes (DST & GRT): None

Note: By linking salary payroll cards, the Quick Loan Annual Percentage Rate (APR) reduces to 65%.

SHOP INSTALLMENT LOAN

Tonik's Shop Installment Loan enables one to borrow up to PHP100,000 and payback later for their next shopping spree at their partner stores. It's more fun to "Buy Now Pay Later" with Tonik In-Store Shopping.

The Shop Installment Loan terms for:

Loan amounts: PHP5,000 to PHP 100,000

Loan tenure: 3 to 24 months

Service Fee: None

Monthly EIR: an average of 4.5%, depending on the due date

Maximum Annual Percentage Rate (APR): 54%

Late fee: PHP 500

Applicable Taxes (DST & GRT): None

WHO CAN REGISTER AS A TONIK USER:

Any Filipino who:

Is at least 18 years old

Has a residence in the Philippines

Has a valid email address

Has an active Philippine mobile number

Does not classify under the United States FATCA

CONTACT TONIK:

Email: [email protected]

Website: https://tonikbank.com

Facebook: www.facebook.com/TonikBankPH

Tonik Digital Bank, Inc. is regulated by the Bangko Sentral ng Pilipinas.