Tonik — loans online in Philippines

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Tonik - Apply for a loan in just minutes in App

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Classification: 6
Rating: 3.83
6 reviews
Tonik

₱5,000 — ₱50,000

from 6 to 24 months

APR 84%

18+ years

Address and contacts

Tonik Digital Bank, Inc.

Phone: +632 8708-7087

Website: https://tonikbank.com/


How much money do you need? {{Number(sliderCurrentValue).toLocaleString()}} 500 ₱ 50000 ₱

Tonik is a fully digital, app‑based bank in the Philippines that offers savings, time deposits, cards, and consumer loans under a digital bank license from the Bangko Sentral ng Pilipinas (BSP), with deposits insured by PDIC.

A neobank in the Philippines with loans that you can get in just minutes in Tonik App!

  • Loan amount from PHP5,000 to PHP50,000
  • 6, 9, 12, 18, or 24 months installment
  • Quick Loan Annual Percentage Rate (APR) is at 84%
  • No Service Fee
  • Monthly EIR: Average 4.5% but depending on due date
  • Several ways how to pay

Loan Product Features

  • Fast approval and real-time disbursement to your Tonik Account
  • No credit history and no collateral needed
  • Get up to PHP50,000 immediately
  • Minimal documents required - only 1 valid ID and proof of income
  • Flexible payment date - your preferred salary payout date
  • 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
  • Fixed monthly interest rate of 7%
  • No pre-termination or early payment fees
  • Secure fast and easy, no collateral loans from a digital bank

Who may apply for a credit in Tonik Digital Bank

Loan requirements:

  • 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

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. 

Frequently Asked Questions (FAQs) about Tonik

Is Tonik a real bank and is it safe?

Yes, Tonik is a licensed digital bank supervised by the BSP, and customer deposits are insured by the Philippine Deposit Insurance Corporation (PDIC) up to ₱1,000,000 per depositor.​

What products does Tonik offer?

Tonik provides regular savings accounts, “stash” and time deposit products with attractive interest rates, virtual and physical debit cards, and unsecured consumer loans and installment products.​

How do I open an account with Tonik?

Download the Tonik app, register with your mobile number, submit a valid government ID and required personal details, then complete in‑app verification to activate your digital bank account.​

What are the interest rates on savings and time deposits?

Tonik offers higher‑than‑traditional‑bank rates on savings and especially on time deposits, with specific percentages depending on the product and term posted in the app and on the website.​

Does Tonik offer loans and how do they work?

Yes, Tonik grants unsecured consumer loans and installment credit, typically with fast approval, fixed monthly payments over several months, and all loan details managed digitally through the Tonik app.​

How can I fund and withdraw from my Tonik account?

You can cash in via partner banks and payment channels, transfer funds using supported transfer networks, and cash out or spend through bank transfers, bills payments, and Tonik debit cards.​

Who can open a Tonik account?

Generally, Filipino residents of legal age with a valid government‑issued ID, compatible smartphone, and mobile number can open an account, subject to Tonik’s verification and terms.

Pros

  • High maximum loan amount
  • Collateral and credit history not needed
  • Quick online process - maximum 30 min
  • Flexible payment date
  • Minimal documents required
  • Good Tonik App

Cons

  • High interest rate 7%
  • No physical branches for in‑person help
  • App issues and feature glitches reported
  • Limits for very large savings amounts
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Tonik reviews

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Tonik address and contacts

Company name: Tonik Digital Bank, Inc.
Address: Unit 605B, 6/F West Wing, The Offices at Estancia, 1605 Meralco Ave, Pasig City

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Example of loan calculating

TERM 10 days 20 days 30 days 60 days 180 days
LOAN AMOUNT ₱50000 ₱50000 ₱50000 ₱50000 ₱50000
APR 143% 143% 143% 143% 143%
INTEREST AMOUNT ₱1816.25 ₱3774.81 ₱5733.7 ₱11610.42 ₱35117.27
TOTAL REPAYMENT ₱51816.25 ₱53774.81 ₱55733.7 ₱61610.42 ₱85117.27