Hi there, luv! The monthly add-on rate is 0%. XOXO

Hi, luv!

For our 0% interest Shop Installment Loan, there's just a small 7% processing fee based on your loan amount.

As for our Shop Installment Loan with interest, we do not charge processing fees.

XOXO

Hi, luv! For our 0% interest Shop Installment Loan, there’s just a small 7% processing fee based on your loan amount. This will be equally distributed to your monthly installments.

Hi, luv! We have rolled out the Tonik Shop Installment Loan Zero Interest product in selected stores. See the complete list of our partner stores →
 

Hi, luv! The Tonik Shop Installment Loan Zero Interest product currently has no expiration date! Enjoy financing at zero interest at our partner branches today! XOXO​

Hi, luv! There might be two reasons for this:​
First, we do not charge the processing fee  (7% of the Financed Amount) upfront. The equivalent amount will be divided equally to your monthly installments.​ Second, check if you availed of our VAS PayHinga service since this is added to your EMI as well. (9.11% of the EMI)

Hi there, luv! It will only take you a couple of minutes for your Shop Installment Loan to be approved. XOXO

Hi there, luv! Yes, we do require a down payment, but it can be as low as 10%. Remember luv, the higher the down payment, the lower the add-on rate. So hurry and visit our partner stores today! XOXO

Hi there, luv! You can choose to repay your borrowed amount within 3, 4, 5, 6, 8,10 and 12 months. XOXO

Hi there, luv! You may borrow from Php 5,000 up to Php 100,000 from our Shop Installment Loan. XOXO

Unfortunately not, luv. Your loan will still follow the term and repayment based on your signed loan agreement. For a defective item, you can coordinate directly with the store you purchased it from. For stolen items, it's best to report this to the authorities for assistance. We do hope for your understanding, hun! XOXO

Hi there, luv! Your amount due will be deducted directly from your Tonik Account on your due date, so make sure that your Tonik Account is funded with your amount due to avoid late payment fees.

Want to know how to top up your Tonik Account? Visit the link below to learn more.
https://tonikbank.com/faq/how-can-i-deposit-my-tonik-account
XOXO 

Hi there, luv! You'll see the status of your Shop Installment Loan application on your Tonik App - Please check for a notification on the Tonik App. XOXO

Hi there, luv! Unfortunately, you cannot change your due date and loan terms until you have finished repaying the full amount of your Shop Installment Loan. If you haven't taken out a Shop Installment Loan yet, make sure you set the right repayment date that allows you to manage your finances. XOXO

Hi there, luv! The payments for your Shop Installment Loan will be debited from your Tonik Account on your due date. XOXO

Hi there, luv! Yes, you can apply for a new Shop Installment Loan as long as you have fully paid your previous one. Once you have no debt obligations you're cleared to apply for another one. XOXO

Hi there, luv! We will debit the monthly repayment from your Tonik Account on your due date. You will receive an SMS notification once the debit is a success or if it fails due to various reasons.

Make sure to Top up your Tonik Account from the following channels in the App before the due date ends to avoid late fee charges:

• Local Bank Debit Card (Minimum amount Php 500)
• InstaPay (Minimum transfer amount and cut offs depend on Issuing Bank)
• PESONet (Posting of payment will be next Banking Day; Minimum transfer amount and cut offs depend on Issuing Bank)
• Link your GCash account to pay your loan here.

XOXO

Hi there, luv! Yes. Unfortunately, there may be top-up fees depending on the channels you will select on top of your monthly repayments. Please refer to our Fees and Charges. XOXO

Hi there, luv! There are multiple reasons why Shop Installment Loan applications do not get approved. Our loan application process uses various parameters to come up with a Loan offer. It's not that you don't qualify for a loan - it's that we don't have the right kind of loan product to offer you at this time. XOXO

Hi there, luv! Thanks for letting us know. We hope you can report this to our Customer Care via in-app chat, tel:+63 253222645, or customercare@tonikbank.com. Super appreciate your patience, hun! Good luck with your Shop Installment Loan application. XOXO