Tonik enters consumer lending with a 15-minute Quick Loan

Tonik, the Philippines’ first digital-only neobank, has launched a Quick Loan product on its platform. The launch of Quick Loan marks Tonik’s entry into the deeply underserved consumer lending market in the Philippines, in which it intends to establish itself as one of the market leaders. 

Tonik’s all-digital Quick Loan is designed to serve the vast unbanked and underbanked Filipino middle class with a quick and affordable bank credit proposition.

Read more: PRNewswire