Tonik defies Ghost Month with the expansion of the Affordable in-store “lowest hulugan” loan to Mindanao- with zero downpayment and 0% promos at partner retailers

Manila, Philippines — September 2025 — Tonik, the Philippines’ first digital-only bank, has expanded its Shop Installment Loans to Mindanao, completing nationwide availability across Luzon, Visayas, and Mindanao. The move makes it easier for families and small businesses to bring home essentials—from refrigerators and smartphones to store equipment—on simple monthly installments.

Tonik’s lending continues to gain rapid traction nationwide. In 2024, Tonik issued over 650,000 loans with ₱4.7B in production volume. In the first seven months of 2025, the business has already exceeded the entire production volume of last year, underscoring steady demand from shoppers and strong performance with retail partners.

Mindanao: the next chapter for “hulugan”

Building on Tonik’s growth in Cebu and Western Visayas, the Mindanao rollout focuses on local retail partnerships and on-ground support tailored to regional needs.

“Tonik is the only licensed bank offering Shop Installment 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.”

What shoppers can expect:

• ZERO Downpayment and 0% Interest promos in select stores
• Fast, in-store approval (typical journey under an hour)
• Flexible terms that fit monthly budgets
• Access at leading partners including Robinsons Appliance, Prince, and FC Home Center

For retailers, Tonik’s in-store credit helps boost conversion and average basket size—giving customers a practical way to buy what they need, when they need it.

“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.”

Even in Ghost Month, Tonik keeps moving—now with true nationwide coverage and more ways for Filipinos to say yes to the things that matter.

About Tonik

Tonik is the Philippines’ first digital-only bank, focused on credit-led financial services. Through products like Shop Installment Loans, Cash Loans, and Tendo loans (salary enabled loans), Tonik provides fast, affordable, and accessible financing. With a fully digital, customer-first approach, Tonik helps Filipinos across the country build their credit history and take control of their financial future.

Media Contact
press@tonikbank.com