Updated September 28, 2026 · BorrowCue Editorial Team
Ngern Tid Lor vs Sofkredit
Where Ngern Tid Lor and Sofkredit differ
| Compare | Ngern Tid Lor ReviewSee alternativesSee alternatives |  Sofkredit |
|---|---|---|
| APR | 12% to 24% | 10.74% to 18.06%Lower |
| Loan amount | THB 20,000 | €12,000 to €300,000 |
| Term | 12 to 60 months | 6 to 240 monthsHigher |
| Arrangement fee | 3 THB per app loan transfer | 6% to 9% of the loan; on a 15,000 EUR mortgage-guaranteed loan the commission is 900 EUR minimum and 1,350 EUR maximum, charged by the collaborating lender; Sofkredit's own service costs the user nothing |
| Funding time | Instant transfer of loan proceeds via the app; decision within 1 hour when documents are complete | 15-20 days after approval; same day as the notary signing, about one week if documentation is sent quickly |
| Representative example | Car/pickup registration loan of 20,000 THB over 24 months at 1.13% per month flat (equivalent to 24% per year reducing balance): average installment 1,078 THB, total interest 5,267.65 THB, total repayable 25,267.65 THB | a 15,000 EUR loan at 9% interest over 5 years returns a total of 21,750 EUR |
| Lender type | Direct lender | Broker |
| Eligibility | Thai individuals aged 21-68, own a car or pickup not older than 20 years, employed, permanent staff or self-employed with at least 6 months in the current job | Natural or legal persons of legal age (+18) with Spanish nationality or residence, holder of a bank account; for mortgage-guaranteed loans a property must be owned, free of charges or with at least 70% of the mortgage repaid |
| Loan types | Secured, Car | Secured, Debt consolidation, Business |
| Credit needed | Fair | Poor |
| Credit check | Not confirmed | Soft prequal |
| Rate type | Fixed | Not confirmed |
| Free early repayment | Yes | Not confirmed |
| Origination fee (%) | Not confirmed | 6% to 9% |
| Use cases | Not confirmed | Home improvement |
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Key differences
- Ngern Tid Lor scores higher overall: 9.1 vs 8.6.
- Sofkredit is available in 2 more countries.
- APR is lower at Sofkredit: 10.74% to 18.06% vs 12% to 24%.
- Term is higher at Sofkredit: 6 to 240 months vs 12 to 60 months.
- Support channels: only Ngern Tid Lor offers Chat.
- Support channels: only Sofkredit offers Email, Help centre.
- Features: only Ngern Tid Lor offers Credit line.
- Loan types: only Ngern Tid Lor offers Car.
- Loan types: only Sofkredit offers Debt consolidation, Business.
Our verdict on each
Ngern Tid Lor
Ngern Tid Lor suits Thai car owners who need a registration loan secured on their vehicle. Fixed rates of 12% to 24% APR, terms of 12 to 60 and THB 20,000 borrowed, plus 3 THB per app loan transfer, make the total easy to plan, though eligibility is tied to job tenure and vehicle age.
Sofkredit
Sofkredit suits Spanish borrowers who want property backed finance and can wait for a notary appointment. The headline cost is an arrangement fee of 6% to 9% of the loan, while Sofkredit's own service adds nothing beyond it.
Score breakdown
| Area | Ngern Tid Lor | Sofkredit |
|---|---|---|
| Cost | 9.0Higher | 8.5 |
| Offer | 8.9Car and pickup registration loans with 12% to 24% APR, 12 to 60 terms. | 9.3HigherRanges cover €12,000 to €300,000, 6 to 240 and 10.74% to 18.06%, with home equity and remortgage and home improvement on the same application. |
| Trust | 9.4Higher | 8.3 |
Availability and regulation
| Country | Ngern Tid Lor | Sofkredit |
|---|---|---|
| Italy | Not confirmed | |
| Spain | Not confirmed | Banco de Espana E020 |
Additional countries for Ngern Tid Lor: 1. Additional countries for Sofkredit: 3.
How they place
| Ranking | Ngern Tid Lor | Sofkredit |
|---|---|---|
| Loans for bad credit | 129 of 276 | 2 of 276 |
| Secured loans | 168 of 473 | 1 of 473 |
Every fact side by side
| Fact | Ngern Tid Lor | Sofkredit |
|---|---|---|
| Pricing model | Fixed rate | Not confirmed |
| Features | Same day funding, Credit lineCovers more | Same day funding |
| Legal entity | Ngern Tid Lor Public Company Limited | Kova Finance, S.L. |
| Headquarters | Thailand | Spain |
| Founded | 1980 | Not confirmed |
| Support channels | Phone, Chat | Email, Phone, Help centre |
Mortgages
| Fact | Ngern Tid Lor | Sofkredit |
|---|---|---|
| Initial rate | Not confirmed | 8% to 14% |
| APRC | Not confirmed | 10.74% to 18.06% |
| Fixed period | Not confirmed | 0.5 to 20 years |
| Maximum loan to value | Not confirmed | 30% |
| Product fee | Not confirmed | €900 to €1,350 |
| Purpose | Not confirmed | Home equity, Remortgage |
Where each stands against the rest
| Fact | Ngern Tid Lor | Sofkredit | Median |
|---|---|---|---|
| APR | 12% to 24%above the median | 10.74% to 18.06%above the median | 8.99 |
| Term | 12 to 60 monthsat the median | 6 to 240 monthshighest quarter | 60 |
| Origination fee (%) | Not confirmed | 6% to 9%highest quarter | 0.25 |
Median across 1152 listed lenders.
Pros and cons
Ngern Tid Lor
Pros
- Fixed rates of 12% to 24% APR, so installments do not move with the market
- Terms of 12 to 60 give room on a vehicle registration loan
- Free early repayment, so settling early costs nothing extra
Cons
- A flat monthly rate sits on top of the headline 12% to 24% APR, so the representative example costs more than the annual figure alone suggests
- Eligibility requires a minimum age, a job tenure of a set length and a vehicle within a set age limit
- Support runs on phone and chat only, so there is no written help centre or email route
Sofkredit
Pros
- Sofkredit's own service costs nothing, so the only charge to weigh is the lender's arrangement fee of 6% to 9%.
- The loan range €12,000 to €300,000 and the term range 6 to 240 suit both renovation projects and debt consolidation.
- Eligibility leans towards weaker files, with the credit needed listed as poor, and the credit check is soft prequal.
Cons
- The arrangement fee of 6% to 9% is a large share of the loan, and the product fee on a small mortgage guaranteed loan runs €900 to €1,350.
- Maximum loan to value is 30%, well below the 90% across listed lenders, so equity of your own is required.
- Sofkredit is a broker, so the contract sits with the collaborating lender rather than the site you apply through.
Who each suits
Ngern Tid Lor
Who it suits
- Thai car or pickup owners using the vehicle as security
- Permanent staff and self-employed applicants with enough job tenure to qualify
- Borrowers who want a fixed installment they can plan around
Who should look elsewhere
- Cashspace, Creduma ES and Sofkredit all sit in other markets, so their rates and currencies do not apply
- Anyone borrowing without a qualifying car or pickup to secure the loan
- Borrowers needing an unsecured personal loan, since the products here are secured
Sofkredit
Who it suits
- Spanish residents and nationals who own a property that is free of charges or has most of its mortgage repaid
- Borrowers consolidating several debts into one payment, since debt consolidation is among the secured, debt consolidation and business
- Homeowners funding renovation work, as home improvement is the main listed use case
Who should look elsewhere
- Anyone who needs money the same week without a notary appointment, against the stated funding time
- Borrowers who want to borrow more than a low share of their property's value, given the 30% cap
- Small lenders wanting a quick online application rather than the documentation and notary steps this route involves
Current offers
Ngern Tid Lor
Current offer
Bonus
Free personal accident insurance for new motorcycle registration loan customers: Free, coverage up to 200,000 THB
New motorcycle registration loan customers; conditions as set by the company
Source, checked September 26, 2026
Discount code
Pay in full, pay directly and receive an interest discount on car and motorcycle registration loans: Interest discount on early full repayment
Source, checked September 26, 2026
Country by country
| Country | Ngern Tid Lor | Sofkredit |
|---|---|---|
| France | No | Yes |
| Italy | No | Yes |
| Spain | No | Yes |
| Thailand | Yes | No |
Questions about each
Ngern Tid Lor
What rate will I pay on a Ngern Tid Lor car loan?+
Headline pricing is a fixed rate of 12% to 24% APR on a fixed-rate model. The representative example prices a car or pickup registration loan at a flat rate each month, which sits on top of the annual figure, so the flat rate is the number that drives your installments.
How much can I borrow and over how long?+
Loan amounts run to THB 20,000 and terms run 12 to 60, giving a spread of repayment periods on the same fixed rate. The representative example shows a registration loan of that size repaid over the shorter end of the range with regular installments.
Sofkredit
What does Sofkredit charge to arrange a loan?+
The arrangement fee runs 6% to 9% of the loan and is charged by the collaborating lender. On a small mortgage guaranteed loan the commission falls within €900 to €1,350. Sofkredit's own service costs the borrower nothing beyond that lender charge.
How much can I borrow and for how long?+
Loan amounts run €12,000 to €300,000 and terms run 6 to 240, so the range is wide enough for a renovation or a debt consolidation. Terms and amounts are set by the collaborating lender rather than by the site you apply through.
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