Tonik Bank Loan – The Revolutionized Way of Managing Money in Southeast Asia


Tonik Bank Loan is a revolutionary banking experience that is changing the way people manage their finances in the Philippines. As the first neobank in the country with a digital bank license, Tonik Bank is making it easy for Filipinos to save, get quick loans and installment loans, all from the convenience of their mobile devices. With sky-high interest rates and an experienced team of bankers dedicated to providing a customer-first experience, Tonik Bank offers a unique and innovative approach to personal banking in Southeast Asia.


Innovative, Passionate, Customer-First

Tonik Bank’s mission is to revolutionize the financial services sector in the Southeast Asia region by offering fast, secure, and straightforward finance transactions. The bank’s innovative approach and customer-centric focus are what set them apart from traditional banking establishments.

Tonik Bank’s digital platform integrates all banking services in one place, making banking easier and more convenient for customers. As a 100% digital bank, Tonik Bank is always open, 24/7. Customers can access all financial services, loans, savings accounts, and more, simply by using the Tonik App, which can be downloaded from the App Store or Google Play Store.

Tonik Bank’s experienced bankers are always on hand to provide guidance and assistance with all financial matters. The bank’s customer support team is available around the clock, and customers can use the Tonik App to chat with representatives and receive prompt responses to their queries.

Tonik Accounts

Tonik Accounts are the cornerstone of Tonik Bank’s banking services. Every customer has access to a Tonik Account that can be used to manage up to five Stashes and five Time Deposit accounts. With these multiple accounts, customers can personalize and segregate their cash efficiently. Customers receive virtual cards with their Tonik Account and can request a physical debit card to use for all transactions.

Quick Loans

Quick Loans are one of Tonik Bank’s most popular banking services. These loans are perfect for those who require fast and easy funding without the need for collateral or an extensive credit history. With quick loan approval times, customers can borrow up to PHP 50,000 in just minutes, with flexible repayment options. Unlike traditional banks, Tonik Bank has a 100% digital platform that provides real-time updates to each customer’s loan status. The Tonik App makes it easy for customers to disburse funds from quick loans to their accounts in real time. Plus, there are no early payment fees or pre-termination fees.

Tonik Loan Features

Tonik Bank offers a range of loan features designed to suit customers’ needs. Some of these features include:

  • Fast Approval and Real-Time Disbursement: Tonik Bank’s quick loans are approved in just a few minutes and disbursed in real time, making them ideal for those who need fast and easy access to funds.
  • No Credit History and No Collateral: Unlike traditional banks that require collateral or extensive credit history, Tonik Bank provides loans without either, making them a perfect option for those who don’t have time to wait for approvals or those without credit history.
  • Minimal Documents Required: Customers need only a valid ID and proof of income to apply for a quick loan. Plus, the only repayment proof required is one month’s payslip.
  • Flexible Payment Date: Customers can choose the most convenient date for making repayments.
  • Installment Options: Tonik Bank’s loans are available in installment periods of 6, 9, 12, 18, or 24 months.
  • 100% Digital: Tonik Bank is entirely digital, and all loan information is available on the Tonik App.
  • Cash Out Full Loan Amount in Real Time: Customers can cash out their entire loan amount in real time, making transactions more straightforward and faster.
  • One Bank Account for Application and Disbursement: Tonik Bank’s quick loans are disbursed to one bank account, thereby eliminating complications that can arise from using multiple accounts.
  • No Early Payment Fees or Pre-Termination Fees: Customers need not worry about any penalties for making early repayments.

Quick Loans Terms

The quick loan terms are as follows:

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

Note that the quick loan APR is 84%, but linking the customer’s payroll card to the loan application lowers the APR to 65%. The loan installment term ranges from 6 to 24 months, and the monthly EIR is based on a diminishing principal balance. For example, if a customer applies for a PHP 5,000 loan with a six-month installment term, they need only pay PHP 1,048.98 per month.

Shop Installment Loan

Tonik Bank’s shop installment loan is a perfect option for customers who love to shop but prefer to pay at a later date. Customers can borrow up to PHP 100,000 for unsecured or uninsured purchases from Tonik Bank’s partner stores. The loan amount can be repaid over a period of 3 to 24 months, with low-interest rates and no upfront service fees.

Shop Installment Loan Terms

The terms and conditions for the Shop Installment Loan are as follows:

  • Loan amounts: PHP 5,000 to PHP 100,000
  • Loan tenure: 3 to 24 months
  • Service Fee: None
  • Monthly EIR: Average 4.5% but may vary 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 over the age of 18, with a valid email address and an active Philippine mobile number, can register with Tonik Bank. However, users who are classified under the United States Foreign Account Tax Compliance Act (FATCA) cannot register.

Contact Tonik Bank Loan

Customers can reach Tonik Bank’s customer care team via email at [email protected]. They can also visit the bank’s website at or reach out to them through their Facebook page at

In conclusion, Tonik Bank is a revolutionized banking experience that offers comprehensive and flexible financial services to its customers. With quick loans, high-interest savings accounts, and convenient, low-interest installment loans, Tonik Bank is an innovative and customer-focused banking solution, offering 24/7 services to customers, all through a user-friendly and 100% digital platform.

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CashLoanPH Changed status to publish 08/05/2023