Tonik - Fast Loans & Deposits

4.7
44.8K reviews
1M+
Downloads
Content rating
Everyone
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About this app

Tonik is the Philippines' first neobank with a digital bank license offering savings deposits with sky high interest rates and quick online cash loans and shop installment loans for all of life’s necessities.

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. Install the app today and avail any of our products below:

TONIK ACCOUNT

Your Tonik Account is your main account. It'll give you the satisfaction of also having 5 Stashes and 5 Time Deposit accounts within the Tonik App. You're going to love how you can move, organize, and personalize your cash. You will also have a virtual card and can request for a physical debit card to use in all your financial transactions.

QUICK LOAN

Need an easy loan but got no credit history or collateral? Our Quick Loan has got you covered. You can get approved in just minutes and borrow PHP5000 up to PHP50,000 depending on your needs.

It's called quick for a reason, because you only need to submit 1 valid ID and 1 month's payslip. Plus, your payment dates are on your terms: choose whichever date is most convenient for you and get auto-debited on that date!

What else is awesome about getting a loan with a digital bank is that you can see all your details on the app and cash out the full amount in real time. We've also got no pre-termination or early payment fees! Yass!

TONIK LOAN 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 proof of income
• Flexible payment date - your preferred salary payout date
• 6, 9, 12, 18, or 24 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
• Top up your main account. Get auto-debited on your due date

QUICK LOAN TERMS:

• Loan amounts: ₱5,000 to ₱50,000
• Loan tenure: 6 to 24 months
• Service Fee: : ₱500
• Monthly EIR: Average 7% but depending on due date
• Maximum Annual Percentage Rate (APR): 84%
• Late fee: ₱500
• Applicable Taxes (DST & GRT): None

Note: Quick Loan Annual Percentage Rate (APR) is at 84%. Linking your salary payroll card will lower said APR to 65%. Minimum loan installment term is 6 months and maximum is 24 months. The Monthly EIR is also based on diminishing principal because principal balance decreases as you pay your monthly installments on time. Example computation: If you apply for a ₱5,000 from Tonik app and opts for 180 days or 6 months installment, you would need to pay a monthly fee of only ₱ 1,048.98.

SHOP INSTALLMENT LOAN

In-Store shopping has never been easier with Tonik’s Shop Installment Loan. Borrow up to ₱100,000 now and pay it back later for your next shopping spree at our partner stores. Buy Now Pay Later is more fun and helpful with Tonik In-Store shopping. Get a Shop Installment Loan today!

SHOP INSTALLMENT LOAN TERMS:

• Loan amounts: ₱5,000 to ₱100,000
• Loan tenure: 3 to 24 months
• Service Fee: : None
• Monthly EIR: Average 4.5% but depending on due date
• Maximum Annual Percentage Rate (APR): 54%
• Late fee: ₱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: customercare@tonikbank.com
Website: https://tonikbank.com
Facebook: www.facebook.com/TonikBankPH


Tonik Digital Bank, Inc. is regulated by the Bangko Sentral ng Pilipinas.
Updated on
Oct 31, 2022

Data safety

Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region, and age. The developer provided this information and may update it over time.
No data shared with third parties
Learn more about how developers declare sharing
No data collected
Learn more about how developers declare collection
Data is encrypted in transit
You can request that data be deleted
4.7
44.8K reviews
Lourdes Grace Ramos
November 23, 2022
So far next to CIMB, Tonik is one of the best neo digital bank I've ever tried. Everything is so smooth, the app is easy to navigate, I love the personal messages included in the SMS & emails. Quick loan application is also hassle free with less requirements & approval rate is high, the only downside is it's quite high interest rate but processing fee is minimal & instapay/pesonet charges are also free. You also get to choose your payment due date after more than a month. Highly recommended.
7 people found this review helpful
Did you find this helpful?
Tonik Digital Bank
November 23, 2022
We super appreciate your feedback, luv! Please do keep an eye on the latest Tonik App builds and download them as soon as they are available here. Each release would have improvements. For any issues or suggestions do report to our CC Team via in-app chat, Viber (+63253222645), or email (customercare@tonikbank.com) for quick resolution. XOXO
Herbert Mojica
November 6, 2022
It's great to use and easy to navigate, the only problem I encountered so far is that it takes a lot of time to transfer funds to and from GCash. Edit: I've changed my review to 1 star. Just stop the harassment! I've already closed my loan early so stop sending texts and emails! I've already contacted you guys but to no avail. This shouldn't be that hard for you to do!
38 people found this review helpful
Did you find this helpful?
Tonik Digital Bank
January 27, 2022
Thanks, luv! Sorry about the pain points. Please do keep an eye on the latest Tonik App builds and download them as soon as they are available here. Each release would have improvements. For any issues or suggestions do report to our CC Team via in-app chat, Viber (+63253222645), or email (customercare@tonikbank.com) for quick resolution XOXO
Toso Jom
November 1, 2022
A cute app. Easy to use and pleasing to the eye. Love the colors, fonts, theme, and such. Also love the messages, their communication to the users. So far haven't encountered problem with my money, and I do hope to never encounter one, ever.
2 people found this review helpful
Did you find this helpful?
Tonik Digital Bank
November 2, 2022
We super appreciate your feedback, luv! Please do keep an eye on the latest Tonik App builds and download them as soon as they are available here. Each release would have improvements. For any issues or suggestions do report to our CC Team via in-app chat, Viber (+63253222645), or email (customercare@tonikbank.com) for quick resolution. XOXO

What's new

- Added new IDs for new customers
  - Big Loan enhancements
  - Rebranded Salary Loan to Flex Loan
  - Shop Installment Loan now enhanced with Bundles!