LOLC Finance ‘Ran Savi’ revolutionises gold loan top-ups with iPay

LOLC Finance continues to lead the way in digital transformation with the launch of its latest enhancement to the Ran Savi Gold Loan facility. The new Ran Savi Gold Loan quick top-up facility via the iPay app provides customers with a simple, secure, and convenient way to manage their gold loans digitally. With this breakthrough feature, LOLC Finance customers can now top up their gold loans, pay interest, and check their balances from the comfort of their own homes, eliminating the need for in-branch visits and making gold loans more accessible than ever before, the company said in a media release.

This new feature is a game-changer for gold loan customers who can now manage their loans entirely online. From paying loan interest to transferring funds and checking transaction statuses, customers can perform all necessary tasks with just a few clicks. The ability to top up a loan digitally gives customers more control over their financial needs, empowering them to access additional funds quickly and easily. Furthermore, customers who are already onboarded with iPay can apply for gold loan facilities and access this feature directly through the app, making the entire process hassle-free and 100% digital. New customers are also encouraged to join the iPay platform and become part of this digital transformation journey.

By offering a fully integrated and seamless digital experience, LOLC Finance is not only enhancing customer convenience but also fostering financial inclusion. Nishantha Jayasekara, Head of Gold Loans at LOLC Finance, said, “Through this innovative digital solution, we aim to bring financial services to the fingertips of our customers, especially to those in rural areas who may not have quick access to commercial centres. The ability to manage financial transactions digitally enables them to save both time and money while accessing much-needed funds in times of urgency. Additionally, this initiative supports financial inclusion by offering virtual doorstep services, which is a key step toward empowering individuals and businesses alike. Throughout this process, we ensure that we guide our customers to get integrated into the digital landscape, seamlessly and efficiently.”

This digital gold loan service sets LOLC Finance apart by enabling customers to manage their gold loans efficiently and with greater flexibility. Unlike traditional gold loan processes, which often require physical interaction with the branch and handling cash, the iPay platform offers a contactless and secure alternative. Customers no longer have to worry about the risks associated with carrying cash or waiting in long queues. With 24/7 access to the platform, customers can complete all transactions from anywhere, at any time, ensuring that financial assistance is just a few clicks away.

One of the significant advantages of the digital gold loan top-up feature is its ability to improve transparency and accountability in the loan process. At LOLC Finance, each customer’s gold is valued with the utmost care and precision, ensuring that they receive the exact value of their collateral. This level of transparency builds trust and provides customers with peace of mind, knowing that their precious belongings are secure.