Tonik: Online Loans & Savings

Tonik Digital Bank

About this app

Tonik is the Philippines' first neobank, proudly holding a digital bank license from the Bangko Sentral ng Pilipinas. At Tonik, we offer high-interest savings, round-the-clock customer care, and innovative services crafted to streamline your credit-building journey.

Innovative. Passionate. Customer-first. That's Tonik.

We're a 100% digital bank on a mission to revolutionize the way money works in Southeast Asia, offering only fast, easy, and secure transactions with a team of experienced bankers taking care of all your financial needs. We're a neobank that's there for you 24/7 with services that'll help you get ahead of your financial goals – that includes the Tonik Credit Builder!


TONIK CREDIT BUILDER

The Tonik Credit Builder is your partner in navigating your financial journey. Using your Tonik Account, you can start building the foundation of a strong credit history in just a few taps.

By making timely payments, consistent savings, and daily transactions, you’ll unlock financial opportunities once beyond your reach. This will pave the way for you to live your best life - your financial ever after.

Take the first step with the Tonik Credit Builder today, and let's make credit history together!

TONIK CREDIT BUILDER FEATURES:

• Fast approval and real-time disbursement to your Tonik Account

• No credit history and no collateral needed

• Minimal documents required - only 1 valid ID and a Tonik Account required

• Flexible payment date - your preferred salary payout date

• Monthly add-on interest rates as low as 4.84%

• 6, 9, and 12 months installment

• 100% digital - all loan info can be seen on the Tonik App

• Cash out the full loan amount real-time

• One bank account for application and cash disbursement

• No pre-termination or early payment fees

• With convenient and various repayment options

Annual Percentage Rate (APR) is 95%

Tonik is a digital bank licensed and regulated by the Bangko Sentral ng Pilipinas and is a member of PDIC.

Ratings and reviews

As for the app, it's generally easy to use. As for loan products, the interest is a bit onerous but we are better off asking for a loan from it than asking from "anybody that we believe we can depend" during emergencies. By now, I give my 4-Star for its service, someday, somehow, it might revisit its loan's interest rate to make it lighter, and that a 5-Star may follow. 😁

Started to be very convenient that i can transact easily anytime, anywhere. BUT... as time goes by, there are changes that are disappointing. One is that they now charge for a TOP-UP/Cash in. And for 30 pesos!!?? That's higher than any bank. Why would Tonik charge for a cash in, when there is no other way that we can top up our acct but thru online? All they can say is that it was the bank that is charging, they won't even negotiate. Withdrawing my acct if this issue does not get resolved.

First experiece loaning was really good. I cannot say this second time around. No late payment, paid ahead and when I applied again, got rejected. Probably because their agents are calling me on a weekend which is the only time I have for rest. Edit: Got a response saying depending on the documents submitted. I actually sent the same documents showing higher income. 🤸

What’s new

The Life of a Tonik App, now starring:

-Enhanced face verification (keep it a 100 on the land)
-Improved handling on PhilSys ID verification (ain’t gotta knock on wood)
-Updated transaction details and fees (we’ll be your father figure)
-Special cash loan offers, just for you (and your wi$h li$t)

And baby, that’s Tonik digibank for you!