Commercial Leasing & Finance

What Commercial Leasing & Finance does

LOLC Finance PLC, doing business as LOLC Finance, is a Sri Lanka-domiciled Non-Banking Financial Institution (NBFI) incorporated on December 13, 2001, and operating under license from the Central Bank of Sri Lanka pursuant to the Finance Business Act No. 42 of 2011. The company is a subsidiary of LOLC Group, Sri Lanka's largest non-banking financial institution group, and self-positions as Sri Lanka's largest NBFI with an A+ (Stable) credit rating from Lanka Rating Agency Limited (2025). It serves two primary customer segments — individual consumers (personal loans, gold loans, credit cards, savings, fixed deposits) and SME business owners (leasing, factoring, fleet management) — with a secondary segment for Sharia-compliant Islamic finance customers.

The company's product and technology stack is anchored on the LOLC Real Time digital banking platform, available as separate Personal and Corporate mobile applications and as a web-based online banking portal, complemented by an ATM/debit card network and the iPay digital payment platform supporting LankaQR-based merchant transactions. Distribution relies on a domestic Sri Lankan branch network with branch-locator functionality for account opening and servicing, supplemented by digital self-serve channels and a corporate sales team for enterprise clients.

LOLC Finance generates revenue through a recurring interest-income model from lending products (personal, gold, SME leasing), fee-based income from credit cards and banking services, a deposit-gathering liability franchise (savings, fixed deposits, foreign currency accounts), and Islamic finance income. Pricing is published via rates-and-returns documentation, with credit-card tiers (World, Platinum, Gold, Pulse) carrying annual fees, and lending rates set on a customer-profile basis; deposits are insured up to Rs. 1,100,000 per customer under the Sri Lanka Deposit Insurance Scheme.

Name

Commercial Leasing & Finance

Legal name

LOLC Finance PLC

Website

https://clc.lk

Company type

Public

Founded year

2001

Operating status

Operating

Headcount range

51–100 employees

Short description

LOLC Finance PLC is a Sri Lankan Non-Banking Financial Institution serving individual consumers and SMEs with personal loans, credit cards, savings, SME leasing, gold loans, Islamic finance, factoring, fleet management, and digital payment services via the LOLC Real Time and iPay platforms.

Ownership category

akta.pro rank

Product category

Non-Banking Financial Services

NAICS

Sales Financing (52222), Commercial and Industrial Machinery and Equipment Rental and Leasing (5324), Automotive Equipment Rental and Leasing (5321)

SIC

Miscellaneous Business Credit Institution (6159), Short-Term Business Credit Institutions (6153), Personal Credit Institutions (6141)

akta.pro primary industry

SME Equipment & Asset Finance (Leasing, Fleet, Capex) (FSABABAH)

akta.pro secondary industries

Direct Lending — Specialty Finance (Consumer/SME Lending Platforms) (FSAHAJAF), Commercial Fleet Leasing & Management (Trucks/Vans/LCVs) (THADAKAD)

Keywords

• Non-banking financial services
• SME leasing solutions
• Consumer credit products
• Islamic finance services
• Digital payment platform

Headquarters

HQ city

Colombo

HQ country

Sri Lanka

HQ region

Asia

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Interest Income from Lending: LOLC Finance generates primary revenue through interest income on various lending products including personal loans, gold loans, SME leasing, and other credit facilities extended to customers.
2. Fee-Based Income: Revenue from various banking fees including credit card fees, ATM/debit card fees, and other service charges associated with financial products.
3. Deposits and Savings: Acceptance of customer deposits including savings accounts, fixed deposits, and foreign currency accounts, generating funding for lending operations.
4. Islamic Finance Services: Alternative financial services operating under Islamic finance principles including investment and financing options.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Commercial Leasing & Finance (LOLC Finance PLC) operates as Sri Lanka's largest Non-Banking Financial Institution, providing a comprehensive suite of financial services including savings and deposits, SME leasing, personal finance, credit cards, gold loans, Islamic finance, fleet management, and factoring services. The company delivers these offerings through both an extensive physical branch network and digital channels including the LOLC Real Time mobile/online banking platform and the iPay digital payment infrastructure.

Product overview

LOLC Finance PLC operates as Sri Lanka's largest Non-Banking Financial Institution offering a comprehensive suite of financial services through both traditional and digital channels. The product portfolio centers on LOLC Real Time (Personal and Corporate) mobile and online banking platforms, complemented by a range of credit cards (World, Platinum, Gold, and Pulse), savings and deposit products, SME leasing services, personal finance, gold loans, Islamic finance products, fleet management, factoring services, and the iPay digital payment platform. The company provides end-to-end financial solutions from personal banking to enterprise services under a unified brand.

Differentiator

Problem solved

Functional benefit

Brands

• iPay: Digital payment platform supporting LankaQR initiative for digital payment adoption
• LOLC Real Time

Products and services

• Savings and Deposits Savings and deposit products including savings accounts, fixed deposits, and foreign currency accounts for individual and business customers in Sri Lanka, offering tiered interest rates based on balance and account type.
• SME Leasing Services Leasing and financial solutions tailored for small and medium enterprises, including equipment financing and working capital facilities designed for the Sri Lankan SME market.
• Personal Finance Services Personal loans and financing solutions for individual customers in Sri Lanka, including vehicle loans and general-purpose financing, with interest rates based on customer profile and loan type.
• Gold Loans Quick collateral-based loans secured against gold jewelry for immediate liquidity needs of individual customers in Sri Lanka.
• World Credit Card Premium credit card offering premium benefits and global acceptance for high-spending customers in Sri Lanka, with annual fees based on card tier.
• Platinum Credit Card Mid-tier premium credit card with enhanced benefits and rewards for discerning cardholders in Sri Lanka, with annual fees based on card tier.
• Gold Credit Card Entry-level premium credit card with essential benefits and rewards for everyday spending in Sri Lanka, with annual fees based on card tier.
• Pulse Credit Card Digital-first credit card designed for modern, tech-savvy consumers in Sri Lanka, with enhanced mobile features and annual fees based on card tier.
• Islamic Finance Services Sharia-compliant financial products including Islamic savings, investments, and financing options for Muslim customers in Sri Lanka seeking halal financial solutions.
• Fleet Management Comprehensive fleet management services for Sri Lankan businesses with vehicle fleets, including leasing and operational support.
• Factoring Invoice factoring and receivable management services to improve business cash flow for Sri Lankan SMEs.
• ATM and Debit Card Services Debit card services with ATM access and point-of-sale functionality for everyday banking transactions of customers in Sri Lanka.
• LOLC Real Time (Personal) Mobile Banking App Mobile banking application for personal customers to access accounts, conduct transactions, and manage finances in real-time, available on iOS and Android.
• LOLC Real Time (Corporate) Online Banking Corporate online banking platform for business customers to manage company accounts, transactions, and financial operations with dedicated web login.
• iPay Digital Payment Platform Digital payment platform enabling QR code-based payments and mobile payment services across Sri Lanka, with integration into the LankaQR initiative for tourism sector adoption.

Quantifiable outcome

• Deposits insured under Sri Lanka Deposit Insurance Scheme up to Rs. 1,100,000 per customer

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and flagship.

• LankaQR InitiativecoreStrategic or Co-development Partner · 1 July 2026LOLC Finance's iPay platform supports the LankaQR initiative to accelerate digital payment adoption in Sri Lanka's Eastern Tourism Belt. This partnership aims to expand digital payment infrastructure for tourism businesses in the eastern region.
• LOLC GroupflagshipStrategic or Co-development PartnerLOLC Finance PLC is part of the LOLC Group, Sri Lanka's largest non-banking financial institution group. The company operates under the LOLC Group umbrella with access to group resources, brand, and operational synergies.
• iPay GlobalcoreTechnology or IntegrationiPay Global provides digital payment infrastructure integrated with LOLC Finance's services, supporting merchant transactions and QR-based payment solutions across Sri Lanka.
• Lanka Rating Agency LimitedcoreOthersCredit rating agency that assigned LOLC Finance PLC a rating of A+ (Stable) with Stable Outlook in 2025, providing independent assessment of the company's creditworthiness.
• Central Bank of Sri LankaflagshipOthersRegulatory authority that licenses LOLC Finance PLC under the Finance Business Act No. 42 of 2011, providing regulatory oversight and authorization for operations.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Central Finance PLC: Established Sri Lankan NBFI focused on hire purchase, leasing, and deposits. Competes directly with LOLC Finance for SME leasing and consumer credit customers.
• People's Leasing & Finance PLC: One of Sri Lanka's largest licensed NBFIs offering leasing, deposits, loans, and gold loans. Directly comparable to LOLC Finance in business model, product mix, and target SME/consumer segments.
• Vallibel Finance PLC: Sri Lankan NBFI providing leasing, hire purchase, loans, deposits, and Islamic finance. Comparable in product breadth and customer base to LOLC Finance's NBFI operations.
• Commercial Credit & Finance PLC: Sri Lankan NBFI offering leasing, factoring, deposits, and personal loans. Closely comparable to LOLC Finance's SME and consumer finance activities.
• Senkadagala Finance PLC: Sri Lankan licensed finance company providing leasing, deposits, and lending services. Operates in the same regulatory and customer environment as LOLC Finance.

Broad incumbents

• Pan Asia Banking Corporation PLC: Sri Lankan commercial bank providing retail and SME banking. A broader incumbent competing with LOLC Finance for SME and consumer deposits and lending.
• Hatton National Bank PLC (HNB): One of Sri Lanka's largest private commercial banks offering full banking services. A broader incumbent that competes with LOLC Finance across deposits, cards, and SME lending.
• DFCC Bank PLC: Sri Lankan development finance institution with commercial banking license, focusing on SME and infrastructure finance. Overlaps with LOLC Finance's SME lending franchise.
• National Development Bank PLC (NDB): Sri Lankan commercial bank with strong development finance heritage serving SMEs and corporates. Competes with LOLC Finance in SME lending and deposit-taking.

Emerging players

• LOLC Micro Credit Limited: Sri Lankan microfinance company within the LOLC ecosystem. Comparable to LOLC Finance's SME and consumer credit activities, particularly at the lower end of the market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@lolcfinance?si=D7Fr-8PTwhd0f5Jw
• Facebookfacebook.com/LOLCFinanceplc
• LinkedInlinkedin.com/company/lolc-finance-plc
• Instagraminstagram.com/lolc.finance
• TikToktiktok.com/@lolcfinance?_r=1&_t=ZS-95ZuGeWIyFJ
• Xx.com/lolcfinance

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Commercial Leasing & Finance