How to Begin Your Tonik Loan Application?

Interested in securing a loan from Tonik? The process is straightforward and can be done seamlessly through the Tonik app, requiring just about 15 minutes of your time. Here’s a step-by-step guide to get you started:

1. Setting Up Your Tonik Account

Before applying for a loan, you’ll need to create a Tonik account. Follow these steps:

• Download the Tonik app from either the App Store or the Google Play Store.
• Upon launching the app, input your registered Philippine mobile number and proceed to the next step.
• Review and accept the Terms and Conditions to continue.
• Enter the one-time password (OTP) sent to your mobile number for verification.
• Take a clear photo of yourself adhering to the provided guidelines for verification purposes.
• Ensure you’re in a well-lit area with a plain background, without any obstructions to your face.
• Position your face within the indicated purple oval frame and follow the app’s instructions for capturing the photo.
• Scan your valid government ID in portrait mode, capturing both the front and back without using a camera flash.
• Confirm the details on your ID and proceed to input your personal information, such as your full name, birth date, address, occupation, source of income, email address, and mother’s maiden name.
• Answer the Foreign Account Tax Compliance Act (FATCA) question for citizenship verification.
• Add your signature using your finger or a compatible stylus pen and create a strong password.
• Ensure your password meets the specified criteria, then proceed to finalize your account setup.

2. Initiating Your Tonik Loan Application

Once your Tonik account is set up, you can proceed with your loan application. Here’s how:

• Navigate to the Loans section on the main dashboard of the Tonik app.
• Choose the type of loan that suits your needs.
• Adjust the loan amount using the slider and select your preferred installment period.
• Review the computed monthly installment based on your preferences and proceed to the next step.
• Review the loan summary, including the interest rate and processing fee, then click on “Apply for this loan” to continue.
• Select the type of ID you’ll be presenting and proceed to upload a clear photo of it.
• Allow 24 to 48 hours for your ID to be verified, and keep an eye out for a confirmation email.
• Once your ID is verified, return to the Tonik app and follow the provided steps.
• Specify the purpose of the loan, your industry, number of dependents, current city of residence, monthly income, and bank details.
• Provide proof of income, such as a payslip or bank statement.
• Await notification regarding the status of your loan application.

By following these steps, you’ll be well on your way to completing your Tonik loan application efficiently and securely.