SGBL signs Protocol Agreement with ISF

General Directorate of the Internal Security Forces (ISF) represented by its Chief General Ashraf Rifi and SGBL, represented by Deputy General Manager, Mr Tarek Chehab, jointly signed the protocol agreement, on Friday April 8, 2011, to launch the new Housing Loan Program for members of the ISF.

Deputy General Manager, Mr Tarek Chehab, stressed on the importance of such a housing loan, which was conceptualized in collaboration with the Central Bank of Lebanon. He highlighted that this loan was created for all members of the ISF, to ensure they are able to own a personal home, affirming the bank’s commitment to serve to the military.  

The housing loan from SGBL, gives officers and members of the ISF in active service, the chance to purchase a new home or to renovate their existent home, up to 100% of the value of their property, in return for a reduced interest rate of 1.628%, with a repayment period up to 25 years.

The signing ceremony was attended by officers from the Internal Security Forces and officials from SGBL.