Tonik Bank Loan Interest Rate: Here’s a guide on the monthly rate

Tonik Bank Loan Interest Rate Implemented Per Month

TONIK BANK LOAN INTEREST RATE – Here is a guide on the monthly interest rate that Tonik Bank implements under its offer.

Nowadays, there are several digital banks in the Philippines. They were approved by Bangko Sentral ng Pilipinas (BSP) or the Central Bank of the Philippines and granted the license to operate with no physical office. Transactions are done online.

One of the digital banks in the country is the Tonik Bank. It was in March of this year when the bank obtained a digital license from the Central Bank. After a month since it started its operation online, the digital bank has P1 billion deposits.

Tonik Bank has several offers to the public. Among these are saving accounts, debit cards, loans, and other financial services.

One of the offers of Tonik Bank is a cash loan. It boasts with flexible payment feature that can be based on the borrower’s salary payout and depending on the monthly installment terms. You may pay for it in 6,9,12,18 or 24 months.

The loan application is 100% digital or done online and you can cash out the full amount in real-time. There is no pre-termination fee should you wish to finish the loan earlier than the set date. You can also have the payment auto-debited from your main account.

The Tonik Bank loan interest rate is fixed at 7% per month. Do you want to know how much you may borrow under this loan offer? You may visit – Tonik Cash Loan: How Much You May Borrow under this Digital Bank Offer.

If you link your salary payroll ATM card, you can enjoy a Tonik Bank loan interest rate of 5.42%. For the qualifications in applying for this loan offer, you may visit – Requirements for Tonik Cash Loan: What You Need to Prepare.