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Yes, please proceed!
Use the title of your own condo with a multipurpose Big Loan! Get a quick Big Loan conveniently, without leaving your house.
Loan Calculator
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
| 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% |
| 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 |
| 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 |
| Need to open linked bank account? | no |
With a Tonik Big Loan, borrow as much as ₱2,500,000, subject to approval.
The monthly contractual rate for Big Loan is 1.0825%. This is fixed, regardless of the loan term.
The applicable fees to be deducted from the proceeds of your approved Big Loan are as follows:
One-time fees:
Upon release, and Annually thereafter:
A late payment fee of Php 2,500 will also be charged as applicable.
The Tonik Big Loan calculator computes the estimated cost of borrowing and the amount of payment per installment. Input the desired loan amount to automatically get the estimated monthly amortization for different tenors.
You can quickly check eligibility and requirements for Tonik Big Loan below:
It will only take 30 minutes for your loan to be pre-approved as long as it has the complete initial requirements. You'll see the status of your Big Loan application on your Tonik App. Please check for an in-app notification on this.