LOLC Finance review
Updated October 12, 2026 · HodlCue Editorial Team
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Our verdict
LOLC Finance is Sri Lanka's largest Non-Banking Financial Institution with islandwide finance, savings and ATM and debit card services. It suits people living in Sri Lanka who want personal finance, deposits and everyday card access from one licensed local provider.
Pros and cons
Pros
- Islandwide services across Sri Lanka for personal and business needs
- Personal finance alongside savings, deposits and card products
- SME and enterprise solutions plus alternate financial services
- Long established finance company incorporated in 2001 with group backing
Cons
- Operates islandwide in Sri Lanka, so availability stays within one country
- Works as a non bank finance company rather than a traditional bank
Ready to try LOLC Finance?
Who it suits
- Residents of Sri Lanka needing local finance and card access
- Small business owners seeking SME and enterprise support
- Savers wanting savings and deposit options in one place
Who should look elsewhere
- People living outside Sri Lanka
- Readers seeking finance outside a Sri Lankan provider
Who runs it
LOLC Finance PLC was incorporated on December 13, 2001 and forms part of LOLC Group. It operates islandwide across Sri Lanka as a Non-Banking Financial Institution serving individuals, farmers, small businesses and larger enterprises. The company runs personal finance services, SME services, consumer and digital business, ATM and debit cards, credit cards, savings accounts, fixed deposits and foreign currency business, supported by a board of directors plus leadership and regional management teams.
Safety and regulation
Oversight for the firm comes from the Central Bank of Sri Lanka through authorisation under finance business legislation from 2011. Qualifying deposits carry protection through the national deposit insurance arrangement in Sri Lanka. The business also maintains a customer protection framework and a complaint handling policy. Financial information, key performance indicators and credit rating reports are published to help people understand standing and performance.
How LOLC Finance compares
Where LOLC Finance is available
- Available
- Sri Lanka
- Licence in Sri Lanka
- Central Bank of Sri Lanka, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What is LOLC Finance?+
LOLC Finance is a licensed finance company that provides a range of financial products and services. It operates as LOLC Finance PLC and forms part of LOLC Group. Its offer covers personal finance, business support and card products.
Which products does LOLC Finance cover?+
The range includes personal finance services and SME services alongside consumer and digital business. It also runs ATM and debit cards, credit cards, savings accounts and fixed deposits. Foreign currency business services are also part of the offer.
Who runs LOLC Finance?+
LOLC Finance PLC was incorporated on December 13, 2001 and operates as part of LOLC Group. It ranks as Sri Lanka's largest Non-Banking Financial Institution. Leadership includes a board of directors, leadership team and regional management team.
How is LOLC Finance regulated?+
Authorisation comes from the Central Bank of Sri Lanka under finance business legislation passed in 2011. Qualifying deposits carry protection through the national deposit insurance arrangement in Sri Lanka. A customer protection framework and complaint handling policy support transparency.
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 Email, Phone. (Source, checked September 26, 2026)
Sources
- en.wikipedia.org/wiki/LOLC_Finance checked September 26, 2026
Backs: Founded, Headquarters
“Founded December 13, 2001”
- lolcfinance.com/consumer-and-digital-business/atm-and-deb... checked September 26, 2026
Backs: Card type, Legal entity, Card network, Licences
“Experience quick and secure transactions at any merchant linked with global VISA network - Debit Cards”
- lolcfinance.com/contact-us checked September 26, 2026
Backs: Support channels
“Send us a message via the form or you can email or call us at any time - 1317”
Compiled from 3 source pages, checked October 13, 2026. We did not open an account.
Not confirmed yet: Monthly fee, Currency conversion fee, Free ATM withdrawals, Protection.
LOLC Finance
People in Sri Lanka needing local finance and debit cards