Buying a new refrigerator, television, or other household appliance can take a big chunk out of the monthly budget, especially when several expenses are already competing for attention. For families who would rather spread out the cost of a purchase, having access to flexible payment options can make a difference. This is where Tonik Digital Bank‘s new partnership with EMCOR comes in. The two companies are working together to make consumer financing more accessible to customers across Visayas and Mindanao, starting with installment loans for household appliances, electronics, and other essential purchases at participating EMCOR stores.
For Tonik, financial inclusion isn’t simply about making loans available to more people. It also means offering transparent financing with competitive rates and payment terms that customers can manage:
“Financial inclusion isn’t just about giving more people access to loans. It’s about making sure those loans are affordable and genuinely useful in everyday life. With household budgets under pressure, we believe responsible lending means keeping financing competitive, transparent, and manageable. Our partnership with EMCOR helps us bring that opportunity to more Filipino families,” said Greg Krasnov, Founder and CEO of Tonik Bank.
EMCOR sees the partnership as another way to help customers purchase the products they need without having to pay the full cost upfront:
“For us at EMCOR, this partnership is about giving our customers more ways to bring home quality products they need. By working with Tonik, we can offer a convenient financing option that helps make important purchases more manageable for families across Visayas and Mindanao,” said Nelson Aparejo, President and COO of EMCOR.
The planned expansion from 20 to 170 stores in 2027 also means the financing option will reach more communities through a retail network that customers already know. By offering loans at the point of purchase, the partnership aims to connect more consumers with formal credit, particularly in areas that may have limited access to traditional banking services.
The EMCOR collaboration is part of Tonik’s wider effort to grow its digital banking and lending services in the Philippines. Licensed by the Bangko Sentral ng Pilipinas (BSP), Tonik offers several financing options for eligible customers, including Shop Installment Loans, payroll-linked loans, and digital cash loans. Its services also include savings accounts, Time Deposits, fund transfers, and payment services.
The bank uses technology-driven credit assessments and risk management practices, alongside partnerships with retailers and employers, to support the expansion of its lending business. As of September 2026, Tonik reported a loan portfolio of USD 118 million and an annualized revenue run-rate of more than USD 69 million. These figures reflect the bank’s growing operations as it continues to build its digital banking business.
With its partnership with EMCOR, Tonik is looking to bring installment financing closer to more Filipino consumers, starting with shoppers across Visayas and Mindanao. For customers planning their next major household purchase, it’s another financing option to explore, provided they meet the loan requirements and can comfortably manage the repayments.
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