TendoPay - Loans with low-interest rates

TendoPay Philippines, now operating as Tendo by Tonik, is a digital financial services platform designed for employees in the Philippines. It provides access to cash loans, salary advances, installment shopping at partner merchants, bill payments, savings tools, and insurance products through a mobile application.

The platform is operated by Templetech Finance Corporation, registered with the Securities and Exchange Commission (SEC Registration No. CS201820732, Certificate of Authority No. 1228). Since June 1, 2025, loans accessed through the Tendo platform have been issued by Tonik Digital Bank, Inc.

Loan Terms

• Loan amount depends on the borrower's approved credit limit
• Repayment period 2–18 months
• Monthly interest rate 0%–4%
• Maximum APR 48%
• 0% interest Available for installment purchases at selected partner merchants.
• Fees: No hidden origination, service, or bank fees are advertised. Purchase-related service fees and third-party payment charges may apply and are disclosed in the loan documents.

The interest rate and repayment terms depend on the borrower's creditworthiness and risk profile.

Borrower Requirements

To qualify for a Tendo loan, applicants must:

• Be Filipino citizens residing in the Philippines.
• Be at least 18 years old.
• Be employed by or work as a consultant for a Tendo partner company.
• Have a valid Philippine mobile number and email address.
• Provide a valid government-issued ID, such as a Philippine National ID, passport, driver's license, SSS ID, or UMID.
• Submit a selfie for identity verification.
• Provide employment and income information, including a recent payslip when required.
• Pass Tonik's identity verification and credit assessment.

How to Apply for a TendoPay Loan

1. Register. Download the Tendo by Tonik app or sign up through the Tendo platform.
2. Complete verification. Provide personal details, employment information, a valid ID, selfie, and proof of income.
3. Get a credit limit. Tonik reviews the application and determines the available credit limit.
4. Choose a loan. Select the Cash / Multi Purpose Loan option and enter the required loan and disbursement details.
5. Accept the offer. Review the interest rate, repayment schedule, and applicable charges before accepting the loan.
6. Receive funds. Approved payroll loan funds are transferred to the nominated bank account or digital wallet.

For installment purchases, approved users can select Tendo at participating merchants' checkouts or purchase eligible merchant vouchers.

Downloan Tendo from Google Pay.

How to Repay a TendoPay Loan

Loan installments can be automatically deducted from the borrower's salary through a participating employer, according to the agreed payroll schedule.

Tendo also supports manual repayments through designated payment channels, including:

• GCash, GrabPay, and Maya (PayMaya).
• BPI and UnionBank.
• 7-Eleven.
• Cebuana Lhuillier and LBC.
• Bayad Center and ECPay.
• Participating SM and Robinsons payment counters.

The repayment amounts, due dates, and payment history can be viewed through the Tendo account dashboard.

Other Loan Conditions

Early repayment: Borrowers may repay their loans early, either in full or in part. Penalties or bank charges depend on the specific loan agreement.

Late payments: Missed installments may result in late payment fees, collection activity, account restrictions, and negative credit reporting. Penalty amounts are governed by the loan documents.

Employment termination: If a borrower leaves a participating employer, the outstanding balance may become immediately payable. Subject to applicable laws, the employer may deduct outstanding obligations from the employee's final pay.

Loan purpose: Cash loans are intended for personal, family, or household expenses, not business or investment activities.

TendoPay Features

Tendo combines cash loans, salary advances, and installment shopping within a single digital platform. Users can purchase goods from hundreds of partner merchants, including selected stores offering 0% interest installments.

The platform is integrated with participating employers to simplify repayment through payroll deductions. Approved credit limits may be reviewed and adjusted based on repayment history and credit assessments.

Customer support: [email protected]

Is TendoPay a legitimate company?

TendoPay is a legitimate company. It operates as a financial service provider, offering installment payment solutions for online purchases. TendoPay is owned by Templetech Finance Corp., and it provides users with a convenient and flexible way to make purchases and repay them over time.

Loan calculation example: For a ₱10,000 loan over 6 months at 1.5% monthly interest: Total interest: ₱900. Total repayment: ₱10,900. Semi-monthly installment: ₱908.33. APR: 18%.