Free must be defined in the quotation
A first-loan promotion may depend on customer status, amount, term, repayment date or another condition. Check whether interest, service charges, transfer fees and late consequences are all covered or only one component is reduced.
Questions for a promotional offer
- Who qualifies as a first-time customer?
- Which amount and term qualify?
- What is the total repayment if paid on time?
- What changes after a late or extended payment?
- Does early repayment affect the promotion?
Keep evidence before accepting
Save the promotion terms, personalised quotation and agreement. A banner or affiliate description can change and does not replace the contract presented before acceptance.
Compare the ordinary outcome too
Check what the same borrowing would cost without the promotion and whether repayment remains affordable after essential expenses. Do not increase the amount only to qualify for an advertised condition.
Sources and verification status
Reviewed 5 November 2026 using Central Bank of Sri Lanka authorised financial institutions information. Loans247 LK has not independently verified any current first-loan promotion shown after a sponsored click.