Tonik's Shop Instalment Loans completes nationwide rollout, now available in Mindanao

Tonik, the Philippines' pioneering digital-only bank, has officially extended its Shop Instalment Loans to Mindanao.

Tonik's Shop Instalment Loans now available in Mindanao

Tonik's Shop Instalment Loans now available in Mindanao

This move completes its nationwide coverage across Luzon, Visayas, and Mindanao, making it easier for Filipino families and small businesses to access essential items like refrigerators, smartphones, and store equipment through simple monthly instalments.

Tonik's lending services continue to gain strong momentum nationwide. In 2024 alone, the bank issued over 650,000 loans, generating PHP 4.7 billion in production volume.

Just seven months into 2025, Tonik has already surpassed last year's total, reflecting consistent consumer demand and solid performance with retail partners, the company said.

Following its success in Cebu and Western Visayas, Tonik’s Mindanao rollout centers on building local retail partnerships and providing on-ground support tailored to the region’s unique needs.

What to expect? The lowest "hulugan" loan in Mindanao

Mindanao Tonik customers can expect  ZERO Downpayment and 0 percent Interest promos in select stores, fast in-store approval (typical journey under an hour), flexible terms that fit monthly budgets, and access at leading partners including Robinsons Appliance, Prince, and FC Home Center.

Meanwhile, the company also has in-store credit helps boost conversion and average basket size for retailers. This gives customers a practical way to buy what they need, when they need it.

Tonik is the only licensed bank offering Shop Instalment Loans nationwide, said Addi Valdezco, Head of Retail Partnerships. With our loans, we don't just help customers make their first purchase—we also bring them into a real banking system, helping them build their credit history and take the first step toward long-term financial empowerment.

Expanding into Mindanao isn't just about growth—it's about making everyday life a little easier, said Greg Krasnov, Founder & CEO. “Whether it’s a first fridge, a student's laptop, or equipment for a sari-sari store, we want financing to be simple, fair, and available everywhere.

Tonik is the first neobank in the Philippines to be granted a digital banking license by the Bangko Sentral ng Pilipinas (BSP). The company offers a full suite of financial services—including deposits, savings accounts, personal loans, and virtual cards—designed for the modern Filipino consumer.

To learn more about Tonik, visit this link.