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Looking for a way to make your money work harder for you? The Tonik 8% Time Deposit cou...
Quick Take: How to Deal with Job LossLost your job or dealing with a pay cut? You’re no...
Quick Take: Where Should You Keep Your Emergency Savings?Your emergency fund deserves a...
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Quick Take (TL; DR): Pag-IBIG Multi-Purpose Loan (MPL)
Need quick cash for bills, school, home upgrades, or even your business? Here’s the lowdown on Pag-IBIG’s Multi-Purpose Loan:
- Loan Type: Multi-Purpose Loan (MPL)
- How Much: Borrow up to 80% of your total Pag-IBIG savings
- Requirements: At least 24 months of contributions + proof of income
- How to Apply: Online through Virtual Pag-…
Quick Take: Can I go to jail for not paying online loans in the Philippines?
Fortunately, you can't be jailed in the Philippines for not repaying loans, as stated in the Philippine Constitution. Instead, creditors may file civil cases to enforce repayment, including interest or penalties if applicable.
Are you feeling overwhelmed by unpaid loans? Don’t worry, luv, we got you covered! In this blog, we'll dive into the nitty-gritty of unpaid…
Online lending apps are becoming more prevalent in the Philippines. They’ve become just as commonplace in a person’s phone these days as their favorite social media app and streaming platform. There’s no big secret why: online lending apps are fast, easy and convenient. Which mortal with a long list of needs can say no to that?
However, it's important to navigate this online lending age…
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Fintech
Luv, let’s be real—banking has gone 100% digital, and we’re here for it! With platforms like BPI Online, GCash, Maya, and UnionBank, Filipinos can pay bills, transfer funds, and shop online in just a few taps. But while digital banking is ultra-convenient, it also comes with risks—think phishing scams, data breaches, and fraudsters trying to sneak into your account.
In fact, BusinessWorld reported that the suspected retail digital fraud rate in the…
Vlogging, online selling, and starting a virtual tutorial service… These are just some of the most popular online businesses started by Filipinos in recent years. The convenience, flexibility, and vast market reach offered by online platforms have inspired many entrepreneurs to embark on their digital ventures. Plus, the increase in online shopping activity among Filipinos during the pandemic has convinced many of us to start a business online.
Although, there is one crucial aspect that often determines the sustained success of any business—whether it’s a brick-and-…
Did you know? There are over a million small and medium enterprises in the Philippines as of 2021. And a recent study also noted that 4 out of 5 Filipinos are interested in entrepreneurship. This clearly shows that Filipinos have a strong entrepreneurial spirit. Many of us know that doing business can not only help…
Savings
Looking for a way to make your money work harder for you? The Tonik 8% Time Deposit could be your secret weapon to earning more with your savings! In today’s savings landscape, finding high-yield opportunities can feel like searching for a needle in a haystack. But with the Tonik 8% Time Deposit, your funds earn a competitive interest rate, but only if they’re locked in for 12 months. This makes it an ideal option for those who are looking to grow their savings with a guaranteed return over a fixed term.
Quick Take: How to Deal with Job Loss
Lost your job or dealing with a pay cut? You’re not alone. 💜 Knowing how to deal with job loss financially can help you stay calm, stretch your money, and bounce back faster. With the right mindset, smart budgeting, and a little help from Tonik, you’ve got this. 💪
Quick Take: Where Should You Keep Your Emergency Savings?
Your emergency fund deserves a home that’s safe, easy to reach, and smart enough to grow. For most Filipinos, the sweet spot is a mix of digital banks, traditional savings accounts, and a small amount in e-wallets—so you’re always ready when life throws a surprise your way. ⚡
Quick take: How much are time deposit interest rates in the Philippines?
It depends on the bank, luv! If you want to save and earn big with a Time Deposit, choose Tonik. Earn up to 6% interest p.a. Just make sure to maintain an average daily balance (ADB) of PHP10,000! Never heard of an ADB before? Learn more here.
Loan
Creditworthiness Explained: Why Alternative Data Matters and How to Strengthen Your Credit Profile in the Philippines
Quick Take: What’s the Best Way to Show Creditworthiness?
💡 Quick Take: Is debt bad?
Quick Take: What is Debt to Income Ratio and how does it help?
Lifestyle
Every International Women’s Month, I find myself thinking back to a time when I was still figuring things out financially.
Let’s talk about something we’re all guilty of at some point—spending habits that secretly sabotage our finances. We work hard for our money, so it’s only fair that we enjoy it, right?
Summer’s here, and it’s time to turn up the cool factor! ☀️ But, before you break a sweat trying to survive the heat, let's talk about getting you the perfect air conditioner without breaking the bank.
Online scams are a lot like bad relationships. At the beginning, you think you’re in for something great. They promise you all these things that could change your life for the better, like: Get rich quick! Get approved for a loan instantly!