Tonik Personal Loan

Tonik Digital Bank, the first neobank licensed by the BSP in the Philippines, provides personal loans from PHP 5,000 to PHP 50,000 with monthly interest rates between 4.99% and 6.99%, disbursed entirely through the Tonik mobile app. The bank targets underbanked Filipinos who may not qualify for traditional bank credit, using alternative data for credit scoring. Loan decisions are typically issued the same day or within 24 hours of application.