Tonik is an Android application of the Philippine digital bank with the same name. The platform offers savings deposits with high interest rates and quick online cash loans.
Getting access
In order to get access to the app, you have to sign up first. For this purpose you should be a resident of the Philippines over the age of 18 who does not classify under the US FATCA. You will also need a mobile number and a valid ID. Moreover, it will be necessary to scan your full face using the smartphone’s camera.
Digital bank
The application is a mobile client of the Philippines’ first neobank with a digital license. The service offers savings deposits with high interest rates and online cash loans. You will get easy and secure transactions with a team of experienced bankers taking care of all your financial needs. You will also receive a virtual card, but you can always request a physical debit one.
Similar to Zada Cash, it is possible to get approved for a loan in just minutes and borrow up to PHP 50,000 depending on your needs. Tonik does not require any credit history or collateral for this purpose. You can choose whichever date is most convenient for you and get auto-debited on that day.
Features
- is a mobile client of the eponymous Philippine digital bank;
- you can easily apply for a loan with minimal documents;
- it is possible to issue a physical debit card;
- app is free to download and use;
- compatible with current Android versions.
