Tonik, the Philippines’ first neobank, continues to accelerate financial and credit inclusion with the launch of its two new lending products, Flex Loan and Big Loan.
Tonik accelerates financial and credit inclusion with the launch of its two new lending products, Flex Loan and Big Loan.
Building on the success of its all-digital savings portfolio and successful launch of its first lending product, Quick Loan, the new products are set to position Tonik as amon
MANILA, Philippines, Nov. 9, 2022 /PRNewswire/ Tonik, the Philippines' first neobank, continues to accelerate financial and credit inclusion with the launch of its two new lending products, Flex Loan and Big Loan. Building on the success of its all-digital savings portfolio and successful launch of its first lending product, Quick Loan, the new products are set to position Tonik as among the pioneering digital lenders in the country with loans catering to every need. Quick, convenient, and coupled with fixed low-interest rates, Flex Loan empowers customers with both freedom and flexibility to chase their dream purchases and experiences perfect for the start of another year. Tonik's best priced unsecured loan yet, Flex Loan offers 2.49% monthly interest for up to 24 months, for a loan as much as Php 250,000. No collateral is needed as employed customers would only need to provide their latest bank statement and proof of income. A home equity type of loan, Big Loan offers a one