Services Integrity Savings and Loan (SIS&L) emphasised its offer of loans to Ghana Armed Forces (GAF) personnel who route their pension through the institution, during a seminar held at Burma Hall, Burma Camp on Tuesday 15 October 2024.

The Chief Operations Officer (COO) of SIS&L, Mr Collins Appiah, highlighted the Comrade Loan, fixed deposits, bank allotments, salary advances, mission deployment advances, and cashback as some of the competitive products offered by SIS&L during a financial literacy seminar for Defence Civilian Staff (DCS).

Mr Appiah explained that the Comrade Loan forms part of the institution’s initiative to bridge financial gaps, ease financial burdens, and provide competitive interest rates with no penalties for early repayment.

He noted that SIS&L offers highly competitive investment product rates compared to other banks, purchasing Ghana Government Treasury Bills directly for customers to ensure secure and attractive returns.

He also spoke about the loan-refinancing product, a special loan designed to pay off and take over applicants’ existing loans with other financial institutions under flexible terms, describing it as a solution to the challenges personnel face in accessing loans.

Furthermore, Mr Appiah encouraged DCS to adopt savings measures by directing the Forces Pay Regiment to deduct savings from their monthly salaries. He also advised them to register with the provident fund and channel their pension payments through SIS&L to benefit during retirement.