Cash payments could be made through any of the LOLC Finance
branch island-wide.
Avoid sending cash through postal mails.
Payments made on Saturdays will be processed on the next working
day.
REAL TIME credit will be given for cash payments.
b) Standing Instructions
The cardholder has the option to utilize the Standing
Instruction facility, enabling automatic debiting from their
LOLC Finance savings account to settle the credit card bill.
Customer can select any percentage between 5% and 100% of the
statement balance for debiting on the due date.
Instant credit will be applied for payments made through
standing orders, simplifying the process for the cardholder and
enhancing overall convenience.
c) Payment through CEFTS
The cardholder has the option to transfer funds from other
bank's savings or current accounts to their credit card account
via CEFTS (Common Electronic Fund Transfer System). Real-time
credit will be provided for payments made through CEFTS.
d) LOLC Real Time
The cardholder has the option to use LOLC REAL TIME to
seamlessly transfer funds from the LOLC Finance savings account
to the credit card account at no cost Immediate credit will be
given for cash payments initiated through the LOLC REAL TIME App
e) iPay
Cardholder can link the LOLC Finance saving account or any other
bank account to iPay and have the convenience of making payments
online.
Instant credit will be applied for payments made through iPay.
f) Mcash Touch Points
Credit Card payment can be made from authorized mCash touch
points island wide.
Real time credit will be given for payments made through mCash
Touch Points.
g) Payment by cheques
Cheques should be crossed (A/C payee only) and should include
the Card number. Eg. Pay LOLC Finance PLC, O/A card no xxxx xxxx
xxxx xxxx.
Third party cheques drawn in favour of the cardholder will not
be accepted, unless they are made out as in the above example.
Funds will be available in the credit card account subject to
cheque realization. Please leave minimum of three working days
and maximum of six working days for processing and clearing of
cheques.
Cash cheques and post-dated cheques will not be accepted for
payments.
Please allow minimum nine working days for payments to reach the
account if cheque payments are made by post.
All cheques sending through post should be addressed to “Manager
- Credit Card Operations, No 438, Havelock Road, Colombo 05”.
