LOLC Finance review
Updated October 12, 2026 · SumCue Editorial Team
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Our verdict
LOLC Finance is Sri Lanka's largest Non-Banking Financial Institution serving customers islandwide with personal finance, enterprise solutions and card products. It suits people in Sri Lanka who want borrowing alongside savings and deposits from one licensed finance company with broad local coverage.
Key facts
- Best for
- People in Sri Lanka seeking personal and SME finance
- Loan amount
- LKR 250,000↗
- Rate type
- Variable↗
- Lender type
- Direct lender↗
- Eligibility
- Personal Loan available for permanent salaried employees; housing and business loans require a mortgage over property↗
- Loan types
- Personal, Secured, Business, Guarantor↗
- Use cases
- Home-improvement↗
- Legal entity
- LOLC Finance PLC↗
- Headquarters
- Sri Lanka↗
- Founded
- 2001↗
- Support channels
- Phone↗
- Official website
- lolcfinance.com
Savings
Credit cards
Facts checked September 26, 2026, 8 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
Pros and cons
Pros
- Serves customers islandwide across Sri Lanka from one finance company
- Covers personal finance alongside SME and enterprise solutions
- Offers savings accounts, fixed deposits and foreign currency deposits
- Provides ATM and debit cards plus a range of credit cards
Cons
- Operates only within Sri Lanka, which limits choice for people elsewhere
- Acts as a non banking finance company rather than a full bank
Ready to try LOLC Finance?
Who it suits
- Households in Sri Lanka managing personal finance needs
- Small business owners seeking SME finance and support
- Savers seeking savings accounts and fixed deposits
Who should look elsewhere
- People living outside Sri Lanka
Who runs it
LOLC Finance PLC was incorporated on December 13, 2001 and operates as part of LOLC Group in Sri Lanka. It serves customers islandwide with personal finance services, enterprise solutions, savings and deposits, plus ATM and debit cards and credit cards. The company presents its purpose as providing responsible financial services to all while empowering people and communities and enabling economic progress. Leadership includes a board of directors, a leadership team and regional management teams. It also publishes annual reports and financial information with key performance indicators.
Safety and regulation
Eligible deposit liabilities receive protection under the Sri Lanka Deposit Insurance Scheme. The company maintains a Customer Protection Framework that sets standards for fair treatment of customers. It also maintains a Complaint Handling Policy that gives customers a defined route for raising and resolving concerns.
How LOLC Finance compares
Where LOLC Finance is available
- Available
- Sri Lanka
- Licence in Sri Lanka
- Central Bank of Sri Lanka (licensed under the Finance Business Act No. 42 of 2011), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What products does LOLC Finance offer?+
LOLC Finance provides personal finance services alongside SME services and enterprise solutions. It also offers savings accounts, fixed deposits and foreign currency deposits. Card products include ATM and debit cards plus a range of credit cards.
Who runs LOLC Finance?+
LOLC Finance PLC was incorporated on December 13, 2001 and forms part of LOLC Group. A board of directors leads the company with support from a leadership team. Regional management teams oversee activity across different parts of Sri Lanka.
How is LOLC Finance regulated?+
LOLC Finance PLC holds a licence under the Finance Business Act No. 42 of 2011. The Central Bank of Sri Lanka acts as the licensing authority. Eligible deposits receive protection under the Sri Lanka Deposit Insurance Scheme.
How can customers access LOLC Finance online?+
LOLC Finance provides online access through LOLC Real Time for Personal customers. A separate LOLC Real Time service supports Corporate customers. Both services sit alongside its islandwide branches and published product information.
Which company operates LOLC Finance?+
LOLC Finance is operated by LOLC Finance PLC. (Source, checked September 26, 2026)
Where is LOLC Finance based?+
LOLC Finance is based in Sri Lanka. (Source, checked September 26, 2026)
When was LOLC Finance founded?+
LOLC Finance was founded in 2001. (Source, checked September 26, 2026)
How can I contact LOLC Finance support?+
LOLC Finance offers support through Phone. (Source, checked September 26, 2026)
Sources
- lolcfinance-2024.sgp1.cdn.digitaloceanspaces.com/lolc-fin... checked September 26, 2026
Backs: Annual fee
“TARIFF - LOLC CREDIT CARDS Pulse Gold Platinum World Savi Swairee 1,000 1,250 2,500 5,000”
- lolcfinance-2024.sgp1.digitaloceanspaces.com/lolc-finance... checked September 26, 2026
Backs: Currency conversion fee
“All foreign currency transactions will be converted using Mastercard/Visa exchange rates. In order to mitigate local exchange rate movements, as additional amount (up to 3.5%) will be included”
- lolcfinance.com/consumer-and-digital-business/credit-cards checked September 26, 2026
Backs: Card kind
“LOLC Finance Mastercard World Credit Card”
- lolcfinance.com checked September 26, 2026
Backs: Founded, Headquarters, Legal entity, Support channels, Licences
“LOLC Finance PLC, incorporated on December 13, 2001”
- lolcfinance.com/consumer-and-digital-business/atm-and-deb... checked September 26, 2026
Backs: Card type, Card network
“Experience quick and secure transactions at any merchant linked with global VISA network - Debit Cards”
- lolcfinance.com/loans-and-leasing checked September 26, 2026
Backs: Loan amount, Eligibility, Lender type, Loan types, Use cases
“Personal Loan - Loans up to Rs. 250,000”
- lolcfinance.com/rates-and-returns/rates-and-tariffs-savings checked September 26, 2026
Backs: Monthly fee
“Charges monthly - Fee (Rs.) - Minimum balance 250; Dormant Fee 100”
- lolcfinance.com/savings-and-deposits/general-savings-acco... checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Rate type
“Unlimited withdrawals & deposits with Standing Order facility; Interest calculated daily and credited monthly; ATM card, which can be used at any VISA ATM network locally & Globally”
Compiled from 8 source pages, checked October 13, 2026. We did not open an account.
Not confirmed yet: APR, Term, Arrangement fee, Credit check, Funding time, Representative example.
LOLC Finance
People in Sri Lanka seeking personal and SME finance