Tonik Bank Loan in the Philippines Bank
Easy to apply
Approval time
No hidden condition
Renewal rules
Service quality
Customer support
Borrower requirements
  • You must be 18+
  • Reside in the Ph and have a valid ID
  • Provide proof of your income
  • Have an active checking account
  • Bank account
  • Credit or Debit card
Contact information
Phone number: +63 2 5322 2645
Shedule 08:00 -17:00

Tonik Bank is a digital-only neobank providing loan, deposit and payment products to consumers on a highly secure digital banking platform. It operates on the basis of the first digital bank license issued by Bangko Sentral ng Pilipinas (BSP).

The Philippines is a great market for alternative banking solutions, with a $140 billion retail savings market and a $100 billion unsecured consumer lending opportunity. Tonik CEO Greg Krasnov estimates that 90% of this untapped market is unserved.

Loan parameters
  • Loan amount
    5.000 - 50.000 PHP
  • Term
    6 - 24 months
  • Interest rate
  • Age
    18+ years

Peso Savings Account

Tonik Bank in philippines is the first neobank licensed by the Bangko Sentral ng Pilipinas (BSP) and is on a mission to make banking easier and more accessible. It offers a full suite of smartphone-based digital financial services, including savings accounts and loans.

Tonik is also a member of PESONet, an interbank payment system that allows users to send and receive money across the country. Krasnov says the bank is introducing a new feature that will enable users to transfer funds from their Tonik account to their accounts at other banks via PESONet.

The Tonik app lets you open a regular savings account in just five minutes. Once you have verified your identity, you can start saving for a variety of goals. Besides the regular Peso Savings Account, Tonik Bank also offers Stashes and Time Deposits to help you achieve your long-term savings goals.

You can start a Solo Stash for up to 4% interest per year, but Tonik offers even better rates when you set up Group Stashes with your family or friends. You can have up to five Stashes in your Tonik account, which you can use to save for multiple goals at the same time.

Unlike traditional time deposits, Tonik Bank’s Peso Savings Account doesn’t require a minimum deposit, and you can earn up to 6.00% interest on your deposits. This is one of the highest interest rates in the Philippines, and it’s a great way to save up for big purchases such as a vacation or a house.

Tonik Bank in the Philippines also offers a range of other features for its customers to enjoy. For example, it allows users to top up their Tonik account via GCash, 7-Connect, and Cebuana, as well as CLiQQ kiosks. Its debit card can also be used to make purchases at these stores and other cash-in/cash-out points.

As the first fully branchless bank in Southeast Asia, Tonik Bank is also known for its low fees. It is able to charge lower fees than other digital banks thanks to its reliance on technology and its mobile apps.


Tonik Bank is the Philippines’ first digital bank with a mission to revolutionize banking in Southeast Asia. It provides new solutions and high-interest accounts with a focus on security and privacy.

Tonik offers a Solo Stash and Group Stash, both of which allow customers to save money for specific goals. It also offers Time Deposit and Quick Loan products.

Using the Stash, users can set an amount they want to save and set a target date. Moreover, the app lets them add funds from a variety of sources, including debit cards, credit card, and bank transfers.

It also lets users share a Group Stash with friends and family members, which allows them to pool their savings together to achieve a goal. This can be anything from paying for your parents’ anniversary gift to building an emergency fund.

With the Group Stash, users can set a specific amount they want to save and then invite their friends to help them reach that target. Once the target amount is reached, they can move that money to their Tonik Savings Account.

The Stash can be accessed through the Tonik App. It’s easy to create and can be used for a wide range of financial goals. You can even create multiple Stashes to share with your friends and family.

For example, you can save for a vacation, new car, tuition fees, or game console. The more money you keep in the Stash for a long time, the higher the interest you will earn.

Tonik also allows its users to pay bills through the Stash. This feature is made possible through the partnership with Bayad, a leading payment gateway in the country. This allows users to settle their dues with a number of billers such as MERALCO, PLDT, Maynilad Water Services Inc., Manila Water Company Inc., Smart, Converge ICT, Pag-IBIG, Easytrip Services Corporation, Metrobank Credit Card, and Visayan Electric Company (VECO).

Tonik bank in philippines is a member of the Bangko Sentral ng Pilipinas and the Philippine Deposit Insurance Corporation. Its deposits are insured up to P500,000 per depositor.


Tonik Bank is a fully-functional banking account that can be opened in under five minutes. It only requires an ID and a selfie to complete the process. Once you are done, you can top up your account through interbank, debit card, or over-the-counter in cash at close to 10,000 retail agents across the country.

Once you’re onboarded, you can use your Tonik Mastercard to shop at various e-merchants and pay bills online. You can also use your physical debit card for ATM withdrawals. However, you should be aware that some banks might charge a third-party fee for ATM usage, so make sure to check with your bank before using it.

The company also offers a free virtual debit card that you can use for online transactions. This will help you to make purchases in a more secure way and avoid paying for transaction fees. It’s possible to get a physical debit card as well after producing a valid government-issued ID and paying a P300 cost, which will be deducted from your account.

To protect your money, Tonik Bank is partnered with several security partners around the world. The bank uses 256-bit encryption to safeguard customer data, which ensures that your money is safe and can’t be accessed by hackers. It also has worldwide fraud monitoring and controls, and limit management tools that allow you to set your daily maximum spending limits.

In addition to offering a full suite of financial services, Tonik also provides loan solutions that you can apply for through the Tonik app. This type of loan is ideal for people who need an emergency cash injection or want to take advantage of high interest rates to grow their savings.

Tonik Digital Bank has recently received a license from the Bangko Sentral ng Pilipinas (BSP). The bank plans to launch a full suite of financial services, including transactional savings accounts with a debit card, savings and term deposit accounts with attractive interest rates, as well as consumer loans by Q3 2020. It will also launch a debit Mastercard at the end of the year, which will allow customers to transact and withdraw cash from anywhere Mastercard is accepted in the Philippines.

Big Loan

Tonik Bank is a mobile-only bank that offers digital banking services to people in the Philippines. Its mobile-only banking platform allows users to access a wide range of deposit, payment, and loan products. It was the first neobank in the country to secure a digital bank license from the Bangko Sentral ng Pilipinas (BSP).

Tonik’s mission is to bring banking to everyone through smartphone-based, user-friendly financial services. The neobank was founded by Greg Krasnov, a former banker with Sequoia India, and Ramu Pineda, a financial services veteran.

The company has an ambition to be the first neobank in Asia, delivering digital financial services that will revolutionize the way Filipinos access their money. The bank aims to build a sustainable business model by bringing financial inclusion to the Philippines’ underserved market, offering mobile-only banking and innovative products in an affordable and convenient way.

For this purpose, Tonik launched a number of new products to expand its portfolio and accelerate financial and credit inclusion in the Philippines. These include Flex Loan, a personal loan with fixed low interest rates and Big Loan, an equity line of credit that can be used for home renovations.

Both loans offer fixed low-interest rates and do not require collateral from customers. With Flex Loan, borrowers can borrow up to USD 4,300 (Php 250,000) for 24 months at a monthly interest rate of 2.49%.

Meanwhile, Tonik’s Big Loan is a fully digitalized home equity line of credit that allows borrowers to borrow up to 100% of the value of their homes. To apply for a Big Loan, customers can use the Tonik App to fill out an application and submit documents. Once the application process is complete, funds will be disbursed to the loan account within seven business days.

Tonik also offers a variety of other products, including Stash, its savings account; Group Stash, a group savings account; Time Deposit, a high-interest savings account; Quick Loan, a personal loan with a low interest rate; and physical and virtual debit cards. In addition, Tonik provides a wealth management service that offers insurance and investments to its clients.

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Jakob Gleason
I liked everything. They approved a loan for the amount I needed on favorable terms. I\'m about to finish paying.
Harold Beer
Friends advised me to apply to this company for a loan. I liked everything, the approval was quick, the receipt of funds on the same day.
Mark Dizon
Clear work, very quick issue of money. The hotline has polite people who are ready to help you deal with the problem. Recommend.
Elizabeth Ramos
I often take a loan when there is not enough salary. Promotional codes are often sent to SMS and email to get a discount. This pleases me very much
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