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Tonik Bank Multipurpose Big Loan

Use the title of your own condo with a multipurpose Big Loan!  Get a quick Big Loan conveniently, without leaving your house.

  • icon Interest Rate
    Interest rate (p.a.)
    12.99% - 12.99%
  • icon Min. monthly income
    Loan Tenure
    1 - 5 years
  • icon Min. monthly income
    Approval Duration
    Fast pre-approval in 30 minutes
  • icon Min. monthly income
    Min. monthly income
    ₱ 0

Loan Calculator

icon New Base Rate Loan Calculator

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Whats so great about Tonik Bank Multipurpose Big Loan?

  • Borrow up to ₱2,500,000

  • Get up to 60 months installment

  • Fast pre-approval in 30 minutes

  • 7-Day Loan Disbursement Guarantee

  • No credit history required

  • No credit card required

Product Features

Min. Financing Amount ₱250,000
Max. Financing Amount Up to ₱2.5 Million
Min. Loan Tenure 1 year
Max. Loan Tenure 5 years
Interest Rate Monthly contractual rate of 1.0825%

Fee & Charges

One time set up
Processing Fee ₱5,000
Stamp Duty ₱1.50 for every ₱200 of the Loan Amount.
Other Fees Upon release, and Annually thereafter: Mortgage Redemption Insurance Premium Php 4.00 for every Php 1,000 of the Loan Amount.
Other Fees Upon release, and Annually thereafter: Property Insurance Premium 0.095% of the loan amount + applicable taxes.
Other Fees Upon release, and Annually thereafter: Registration fee of 1.5% of the Loan Amount
Other Fees Upon release, and Annually thereafter: Pre- Termination Fee 5% of the Outstanding Loan Amount (if applicable)
Penalties
Late Payment Charges A late payment fee of ₱2,500 will also be charged as applicable

Eligibility

Guarantor/Collateral Requirement Owns a Condominium Unit in Metro Manila with a clean title
Employment eligibility Filipino Citizen with a valid TIN and a Valid ID

Other Requirements

Need to open linked bank account? no