#Quick Loan

Tonik, the Philippines's first digital-only neobank, has launched a Quick Loan product on its platform. According to Tonik, the launch of Quick Loan marks the company's entry into the deeply underserved consumer lending market in the country, in which it intends to establish itself as one of the market leaders. Moreover, the Quick Loan doesn’t require the client to have a prior credit history or a pre-existing bank account at another bank. The Quick Loan offers a quick application of under 15 minutes with minimal documents required - only one valid ID and 1-month latest payslip. Tonik's Quick Loan comes with a 7% fixed monthly interest rate. Further, by availing of up to 24 months loan duration, Quick Loan clients can apply for loans from PHP 5,000 to PHP 50,000. To check if you are qualified for Quick Loan, head over to this link. This is the reason why Globe Telecoms, in partnership with its sister company Touch Mobile (TM) launched a new initiative that will limit, if not eliminate these situation, by allowing prepaid patrons to loan a load denominations and/or subscription to prepaid promos/services. Read more in our articles including "Tonik launches Quick Loan in the Philippines" and "Globe Prepaid Subs Can Now Call, Text, Surf and Enroll to Promos Even w/o Load".