How long will it take to know if my Quick Loan application got approved?

Good question, luv! You can get approved for a loan in 2 days, as long as you are able to answer our call for identity verification. So be ready! XOXO

Can I apply for a Quick Loan anytime?

Yes, luv! You can apply for your loan anytime, anywhere! XOXO

What are the fees for Quick Loan?

Hi there, luv! Here are the applicable fees of your approved Quick Loan:


Fees & charges Amount Remarks
Processing Fee Php 500 upon cash disbursement One-time deduction
Documentary Stamp Tax Php 1.50 per Php 200 of the loan amount One-time deduction
Late Payment Fee Php 500 If applicable

XOXO

What is the interest rate for Quick Loan?

Hi there, luv! The monthly add-on interest rate for Quick Loan can be as low as 4.26%. The actual monthly add-on rate will depend on your loan terms, from 6 to 12 months.

Don’t forget to check your Loan Documents while applying to see your specific interest rate!

XOXO

How much is the amount I can avail for Quick Loan?

Hi there, luv! You may borrow up to P50,000. XOXO

What are the requirements for Quick Loan?

Hi there, luv! To apply for a Quick Loan all you need is one valid ID and a Tonik Account. XOXO

Who can apply for Quick Loan?

Hi there, luv! 

To qualify for a Quick Loan you must be: 

  • A Filipino Citizen residing in the Philippines
  • Aged 23 – 58 years old
  • Presently Employed
  • Have a valid ID

What is Quick Loan?

Hi there, luv! 

Quick Loan is now Credit Builder. Credit Builder is a new and improved version of Quick Loan that features the fast approval process we know you love as well as other perks. With Quick Loan you can gain access to extra cash of up to PHP 50,000 right from your Tonik App within two days. Plus, Credit Builder allows you to build credit with Tonik Bank to secure a brighter future.

 XOXO