Salary Based Loan

Salary-based loans will be provided to Salaried employees and or Directors of good borrowing clients. Under this category, an employee should have a valid permanent or long-term contract in the current workplace. This is a secured loan, therefore, an applicant should have an asset, such as a motor vehicle, land or a residential building, which can be used as collateral to secure the loan amount applied.

Unsecured loans will be provided to Government salaried employees for personal financing needs, supported by confirming remittance commitments from Treasury.

Salary Based Loans aimed to provide short terms financial assistance to various employees who are in need of such services.

Individual Salary Based Loan:

Under this category employee can acquire both salary based loan and business loans directly from AML and he/she will go through all the loan procedures including signing a contract. During the loan procedure this client will submit the following requirements.

Salary Based Loan Guarantee By Employer:

Under this category, the employer will sign a contract with AML the agreement that it will guarantee his employee who are in need of financial facilities from our institution. The certain company will make sure that all monthly repayments will be deducted from the source (their monthly salaries) and a single Cheque with the total amount of staff repayments should be submitted to AML.