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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

Review by iMoney

How much can I borrow?

With a Tonik Big Loan, borrow as much as ₱2,500,000, subject to approval.

How much is the interest rate, fees, and other charges of the Tonik Big Loan?

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:

  • Processing Fee of Php 5,000.
  • Document Stamp Tax of Php 1.50 for every Php 200 of the Loan Amount.

 

Upon release, and Annually thereafter:

  • Mortgage Redemption Insurance Premium Php 4.00 for every Php 1,000 of the Loan Amount.
  • Property Insurance Premium 0.095% of the loan amount + applicable taxes
  • Registration fee of 1.5% of the Loan Amount
  • Pre- Termination Fee 5% of the Outstanding Loan Amount (if applicable)

A late payment fee of Php 2,500 will also be charged as applicable.

How does the Tonik Big Loan Calculator work?

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.

What are the Tonik Big Loan Requirements?

You can quickly check eligibility and requirements for Tonik Big Loan below:

  • Filipino Citizen
  • Ages 23 – 55 years old
  • Presently Employed
  • Owns a Condominium Unit in Metro Manila with a clean title
  • Has a valid TIN and a valid ID
  • Latest 3 Months Bank Statements of Account or Pay slips
  • If Married: 1 Valid ID of spouse (Philippine Passport, Driver’s License, UMID, SSS ID, PRC ID, PhilID (National ID/PhilSys ID), or Postal ID) and Marriage Contract
  • If Widowed: Marriage Contract & Death Certificate of Spouse
  • If Annulled: Final Court Order on Legal Declaration of Nullity of Marriage
  • Copy of Condominium Certificate of Title
  • Real Estate Tax Clearance
  • Tax Declaration
  • Condominium Association Dues Certificate
  • Photos of the Property

How long will it take to know if your Big Loan application got approved?

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.