Tonik - Fast Loans & Deposits

4.2
77.8K 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
Mar 7, 2024

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.
This app may share these data types with third parties
Personal info, Financial info, and App activity
This app may collect these data types
App activity
Data is encrypted in transit
You can request that data be deleted

Ratings and reviews

4.2
77.1K reviews
G G
March 21, 2024
The app is really buggy. So I uninstalled and reinstalled per advice. But after allowing the required permissions and tapping I do (last button of app tour), it does not give me the option to Sign up or Login. It is stuck at that last stage of the app tour. My location service is set to gps only and google location accuracy disabled.
5 people found this review helpful
Did you find this helpful?
Tonik Digital Bank
March 21, 2024
Hi, luv! We understand your frustration, but please know this is for your security. Re: app crash, kindly uninstall and reinstall the app, it works for similar situations! Thank you for your patience. For more assistance, you can reach out to our customer care team at: Hotline (+632 5322 2645) or Email (customercare@tonikbank.com). XOXO
Dave Martin Gepitulan
March 20, 2024
Everytime I log in, it keeps asking to update password and whenever I do, it kicks me out of the app and I could not update my password or even log-in. I don't understand the system of the password encoding and why it keeps requesting to update or change password but I can't even change it. Please fix this bug!
6 people found this review helpful
Did you find this helpful?
Tonik Digital Bank
March 21, 2024
Hey there, luv! Kindly uninstall and reinstall the app, it works for similar situations! If you have any more issues, don't hesitate to reach out to our customer care team, available for you 24/7. You may contact them directly through any of the following: Hotline (+632 5322 2645) or Email (customercare@tonikbank.com). Thank you for your patience!
Joyce Martinez
March 18, 2024
Something wrong with the app. It keeps crashing. Sure it was updated, I contacted thru messenger cause I cannot access the app and they told me to contact thru app customer care service when I cannot access the app itself. 🫠
2 people found this review helpful
Did you find this helpful?
Tonik Digital Bank
March 19, 2024
Hey there, luv! Kindly uninstall and reinstall the app, it works for similar situations! If you have any more issues, don't hesitate to reach out to our customer care team, available for you 24/7. You may contact them directly through any of the following: Hotline (+632 5322 2645) or Email (customercare@tonikbank.com). Thank you for your patience!

What's new

General bug fixes and interface enhancements
Update your account balance with pull-to-refresh on your app dashboard
Self-employed customers can now avail of a Shop Installment Loan
Added support for haptic feedback