Tonik loan app review: How to apply for loan, is it legit?

Tonik loan app is neobank in the Philippines with loans that you can get in just minutes. Tonik loan app 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.

This implies that if you are in need of urgent cash to sort out your personal needs or invest in your business, tonik loan app got you covered.

One of the most fascinating thing about this loan app is that it is Innovative, Passionate and customer care friendly. 

Tonik loan is 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.

They’re there for you 24/7 with services that’ll help you get ahead and meet your financial needs. 

The following are the benefits of using tonik loan app.

Benefits of using tonik loan app 


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.


Need an easy loan but got no credit history or collateral? Tonik Quick Loan has got you covered. You can get approved in just minutes and borrow PHP5000 up to PHP50,000 depending on your needs.

• Hassle free application 

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!

Another awesome benefit 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. They’ve also got no pre-termination or early payment fees! Yass!


• 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


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.

Requirements of using tonik loan app 

The following are requirements to become a tonik user.

Any Filipino who is: 

1. At least 18 years old 

2. Has a residence in the Philippines

3. Has a valid email address

4. Has an active Philippine mobile number

5. Does not classify under the United States FATCA


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!


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

Is Tonik loan app legit?

Yes, tonik loan app is legit. It’s legal name is Tonik Digital Bank, Inc. and it is regulated by the Bangko Sentral ng Pilipinas.

Tonik loan customer care service 

If you have any questions, feedback or enquiry regarding the loan app or their services, you can contact them through the details below:




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