Tonik Cash Loan: How Much You May Borrow under this Digital Bank Offer

Guide on Tonik Cash Loan Minimum and Maximum Loanable Amounts

TONIK CASH LOAN – Are you wondering about the minimum and the maximum loanable amounts set by digital bank Tonik under its loan offer?

Nowadays, the banks operating in the Philippines are not only those that operate in physical structures. This year, Bangko Sentral ng Pilipinas has approved several applications for digital bank operation. One of the digital banks in the country now is Tonik.

Tonik Bank first started its operation in March. It has several offers to the public from savings accounts, debit cards, loan offers, and other financial services. In just a month since it started its digital operation, the bank has a total of P1 billion deposits.

After eight (8) months, Tonik bank got a total of P5 billion deposits. Among its priorities are the unbanked Filipinos. It offers high interest rates that are as much as six (6) percent in a year.

One of the loan offers of Tonik Bank is the Tonik Cash Loan which offers as fast as 15 minutes approval. No credit history is needed and no collateral is required under this loan offer.

Furthermore, you may repay the loan in 6,9,12,18, or 24 monthly installments. You may also choose your preferred payment date based on your payout. The application is 100% digital and all loan information is available online. You can cash out the full amount in real-time. There are no pre-termination fees should you wish to finish your loan earlier than the set term.

How much you may borrow under Tonik Cash Loan? Here are the minimum and the maximum loanable amounts under this offer:

• Minimum Loanable Amount – P5,000.00
• Maximum Loanable Amount – P50,000.00

Do you want to check on the documents needed in applying for this loan offer? Feel free to visit – Requirements for Tonik Cash Loan: What You Need to Prepare.