Why can debt remain higheven after monthly
payments?
Uncle Chai’s story explains installments and reducing-balance interest, helping you borrow wisely and pay less interest.
Understanding Your
Loan Journey
Ngern Tid Lor’s vehicle title loan uses reducing-balance interest in line with government policy. Interest is charged only on the outstanding principal, while each instalment covers both principal and interest. Withdraw only what you need, and interest applies only to amount you need. Any unused Tidlor Card limit remains available for emergencies with no interest charged.
Example
Uncle Chai compares receiving the full loan amount upfront through Thun
Than Chai’s car title loan with borrowing only the amount he needs through
Ngern Tidlor’s car title loan with a Tidlor Card.
Uncle Chai wants to borrow20,000 Baht
Uncle Chai’s car is eligible for a loan of50,000 Baht
If he receives only 30,000 Baht
upfront
upfront
Shorter repayment period
Lower interest
Monthly Payment
2,617
Baht
Total interest
3,762
Baht
No. of installments
13
Installment
Total repayment
33,762
Baht
Thun Than Chai
If he receives the full 50,000 Baht
upfront
upfront
Longer repayment period
Higher interest
Monthly Payment
2,617
Baht
Total interest
11,364
Baht
No. of installments
24
Installment
Total repayment
61,364
Baht
Ngern Tid Lor Repayment Schedule Details
Principal
12345678910111213
InstallmentInterest
2,082
535
2,167
450
2,158
459
2,210
407
2,236
381
2,286
331
2,316
301
2,358
259
2,407
210
2,442
175
2,490
127
2,531
86
2,317
41
วงเงินที่เหลืออีก20,000 บาท
24/7 emergency cash access
Transfer funds via the
Tidjai app in 1 minute
Tidjai app in 1 minute
Repayments restore your
available credit
available credit
No withdrawal, no interest