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Your financial worries can take the back seat. We are here to support you with all your financial needs.

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Just give us the basic details and get to know your finance eligibility.

Investment

Tonic finance has a wide range of short term and long term investment plans. Choose an investment plan according to your convenience.

Business Need

In need of capital for your businesses? Step into Tonic Finance and witness your dream business become a reality.

Money Exchange

Have a hassle-free currency exchange. Exchange any currency under one roof.

Money Management

Managing your finances to the fullest potential that would reap good profits and great benefits.

About the finance we provide

Business Finance

We will be happy to be a small part to kick start and take your business to greater heights. Tonic Finance would be glad to travel along with you in your business endeavours.

Equity Finance

Finding it difficult for repayments? Get in touch with our equity finance team for the best solutions.

Work-Study Finance

There is no replacement for academics. Get your study loans approved with simple procedures at Tonic Finance. 

Our clients voice

We have more than a years of experience with our finance company

Alfredo C. Harmon

Wild Oats Markets Founder

Tonic Finance changed my life for good. Went inside with just a presentation about my business. They saw the potential in it, and within a few days the procedures were done, and the fund was released. There was looking back from then.

Laura J. Rice

Capital crop Manager

One of the best customer services that I have experienced. The people are so friendly and helpful. Had to meet them regarding an issue in the office. Things were sorted out within no time.

Our Blog

Tips For Getting A Loan For Those With Bad Credit

The credit score that you have can influence how you are seen by a lender, and there is no way around this fact which is why your credit score might just turn out to be the deciding factor when it comes to securing loans.

But the vital bit is that you must at least have a credit score; doesn’t matter if it is a bad one.

If you’re looking to secure a loan, but you have a bad credit score, this article will help direct you in the right direction, in the very least.

Let us look at the difference between having a bad credit score and having no credit whatsoever.

  • Poor Credit: Having a history where you weren’t able to pay off your debts in time is what a poor credit score means.
  • No Credit: A person is said to have no credit score when they have no prior experience with credit in the past.

It is vital to note that both the above can prevent you from getting a loan. But having no credit score is may work in your favor, although it still means you nothing is going in your support.

Here are some ways through which you secure a personal loan

1. Getting a loan with another person

When getting a loan with a cosigner, it is vital that they have a good credit score. You should also have a solid case as to why you are trying to get one. Doing so will help you increase your chances of getting a loan. Getting a cosigner with a good credit score will also lower the interest rates.

2. Collateral

By assigning a fixed asset as collateral, you’ll be able to overcome a poor credit score and also reduce the risk from the lender’s side as well. This, of course, puts you at the risk of losing said assets, but it’ll still increase your chances of getting a loan.

 

3. Online lenders

Many make the mistake of only looking for loans through traditional banking and thereby, forget that there’s another option; online loans. There are plenty of lenders that compete with each other, which means they do not take credit history into consideration.

4.Friends

If all the above reasons do not sound appealing, you can always ask your friends or family if you can borrow money and if they understand your reason behind getting a loan, it is essential to make the ordeal as formal as possible, so as to not mix finance with personal business.

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