Ngern Tid Lor Company Limited

Ngern Tid Lor Company Limited, based in Thailand, specializes in providing accessible financial solutions, including personal loans and vehicle title loans, designed to support individuals in financial need. Ngern Tid Lor Company Limited offers a variety of financial services, primarily focusing on personal and vehicle title loans. Founded in 1980 and headquartered in Thailand, the company has undergone significant growth, establishing itself in the financial services sector. In August 2021, it attracted investment from the International Finance Corporation and other lenders, securing a debt facility of up to USD 100 million to bolster its operations.

The company has completed two notable deals to date, with the most recent occurring in August 2021. Ngern Tid Lor offers a range of financial services focused on quick personal loans, vehicle title loans, and land title loans. Their products are designed for immediate financial relief, characterized by fixed interest rates and flexible repayment terms, catering to a broad clientele, including working professionals and individuals facing unexpected expenses. The services target urban and semi-urban populations across Thailand, enhancing customer accessibility through a user-friendly mobile application that allows for loan management and seamless payment processes.

In 2019, Ngern Tid Lor generated a revenue of USD 304,249,404. 80, with an EBITDA of USD 131,115,057. 10. The company primarily derives income from interest charges and fees associated with its lending operations, providing direct consumer loans via its mobile app or physical branches.

The structured loan products ensure predictable monthly payments for customers, reinforcing its competitive positioning in the market. Ngern Tid Lor aims to expand its financial services portfolio, focusing on launching new products tailored to individual financial needs in the coming years. With the recent funding secured in August 2021, amounting to up to USD 100 million, the company plans to enhance its technology infrastructure, facilitating improved loan management capabilities. Furthermore, Ngern Tid Lor aims to extend its reach into new geographic markets within Southeast Asia, targeting specific regions for expansion by 2025.