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LOLC Finance review

Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026

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Our verdict

LOLC Finance suits Sri Lankan customers who want one lender for both a credit card and a Visa debit card, and who can live with a conversion fee of 3.5%. The credit card's annual fee runs LKR 1,000 to LKR 5,000, so the real question is how much you would put through it.

Key facts

Best for
Sri Lanka, and customers who want credit and debit cards under one lender.
Annual fee
LKR 1,000 to LKR 5,000 (Source, checked September 26, 2026)
Currency conversion fee
3.5% (Source, checked September 26, 2026)
Card kind
Credit (Source, checked September 26, 2026)
Legal entity
LOLC Finance PLC (Source, checked September 26, 2026)
Headquarters
Sri Lanka (Source, checked September 26, 2026)
Founded
2001 (Source, checked September 26, 2026)
Support channels
Email, Phone (Source, checked September 26, 2026)
Official website
lolcfinance.com

Debit cards

Currency conversion fee
3.5% (Source, checked September 26, 2026)
Card type
Debit (Source, checked September 26, 2026)
Card network
Visa (Source, checked September 26, 2026)
Legal entity
LOLC Finance PLC (Source, checked September 26, 2026)
Headquarters
Sri Lanka (Source, checked September 26, 2026)
Founded
2001 (Source, checked September 26, 2026)
Support channels
Email, Phone (Source, checked September 26, 2026)

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipedia

Pros and cons

Pros

  • One lender covers both products: credit for borrowing and a debit card for everyday spending.
  • The debit card runs on visa, the most common network in this comparison at 58.6% of listed cards.
  • Backed by LOLC Finance PLC, which has been trading since 2001.

Cons

  • Conversion costs 3.5%, above the 1% median across the cards compared, so foreign spend is pricey.
  • The credit card's annual fee runs LKR 1,000 to LKR 5,000, where Wise and the Chime Card list £0 and $0.
  • Support runs on email and phone only, with no live chat or self-service help centre in that list.

Ready to try LOLC Finance?

Scored 8.6 / 10 by DebitCue.

See alternatives

Who it suits

  • Sri Lankan customers who want a credit card and a debit card from the same lender, LOLC Finance PLC.
  • People who pay in rupees and convert rarely, since 3.5% makes foreign spending expensive.
  • Customers happy to accept an annual fee of LKR 1,000 to LKR 5,000 on the credit card in exchange for holding both products in one place.

Who should look elsewhere

  • Frequent travellers, who should look at Wise rather than pay 3.5% every time they convert.
  • Credit card shoppers after a fee-free card, since the Varo Believe Secured Credit Card lists $0.
  • Anyone set on a secured Visa credit card, since the Chime Card is a secured Visa product with an annual fee of $0.

How LOLC Finance compares

Where LOLC Finance is available

Available
Sri Lanka

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does LOLC Finance charge as an annual fee?+

The credit card's annual fee runs LKR 1,000 to LKR 5,000, and that is the main cost to weigh here. Wise lists £0 on its card, so the LOLC Finance fee only makes sense for customers who would put a good amount of spending through the credit card.

What is the currency conversion fee on the card?+

Conversion costs 3.5% on spending in another currency, which sits above the 1% median across the cards compared here. Foreign purchases and travel therefore cost more than they would on a low fee card, so this is the number to check before spending abroad.

Does LOLC Finance offer both credit and debit cards?+

Yes. The credit card is a credit product, and the ATM and debit card is a debit card running on the visa network. Both sit with LOLC Finance PLC, so a single relationship covers borrowing and everyday spending.

How do I get help from LOLC Finance?+

Support runs through email and phone, so a question about fees, repayments or a blocked card is raised by phone or in writing. No live chat or self-service help centre appears in that list.

Who runs LOLC Finance?+

The company is LOLC Finance PLC, headquartered in Sri Lanka and founded in 2001. It is a Sri Lankan lender, so its cards, fees and support are set for that market rather than for one global card offer.

Is there a cheaper first card than this one?+

For a starting card, the Varo Believe Secured Credit Card lists an annual fee of $0 and the Chime Card lists $0. LOLC Finance's credit card instead carries an annual fee of LKR 1,000 to LKR 5,000.

Sources

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: APR, Rewards type.

Related by the facts

LOLC Finance

Sri Lanka, and customers who want credit and debit cards under one lender.

8.6/10See alternatives