Details about the Tonik Bank Cash Loan Offer – Requirements, Loanable Amounts, Application Process
TONIK BANK CASH LOAN – Digital bank Tonik Bank is offering a loan that can release money in as fast as 15 minutes with minimal requirements.
Nowadays, loans are not only offered by lending companies and banks on physical operations. There are also several digital banks in the Philippines with loan offers.
Bangko Sentral ng Pilipinas (BSP) approved several applications for digital bank operation this year. They came as beneficial not only for the economy of the country but as well as for the banking convenience and safety they offer amid the COVID-19 pandemic.
Also, most of these banks are in pursuit of reaching the unbanked population in the country. Truth be told that not everyone may qualify to open an account in physical banks.
One of the banks that was granted by Bangko Sentral ng Pilipinas with the license to operate as a digital bank is Tonik. Aside from the Philippines, it also operates in Singapore and India.
With regards to the loans offered by the bank, you may apply for the Tonik Bank Cash Loan that offers as fast as 15 minutes application. It does not require collateral and as well as credit history to be eligible to apply for the loan.
The said Tonik Bank Cash Loan offers monthly installments in 6, 9, 12, 18, or 24 monthly payments. The borrower may decide on the loan due payment depending on his or her payout date. With regards to the documents needed in applying for the loan, feel free to visit – Requirements for Tonik Cash Loan: What You Need to Prepare.
You might also like to check on the loanable amounts under this Tonik bank offer. You may visit – Tonik Cash Loan: How Much You May Borrow under this Offer.
You may also visit – PayMaya Secures Digital Bank License from Bangko Sentral
