Amalbank’s Pay Advance Salary Scheme “PASS” is designed to address the temporary cash inadequacies experienced by salaried employees due to unforeseen contingencies that they encounter. PASS acts as a temporary financing bridge providing at least 50% -75% of the beneficiary’s monthly net salary.

PASS is an overdraft facility set on your salary account. The overdraft limit will be made available to you, and you can withdraw up to a maximum of 75% of your monthly salary with a monthly clean up cycle.

An annual fee is required to access Amal PASS.

Features

• One year overdraft line of between 50 - 75% of your net monthly salary
• Unlimited frequency of draw-down of up to a maximum of 75% of your net monthly salary
• No letter of indemnity
• Letter of undertaking from employer
• Domiciliation of Salary

Benefits

• Access between 50 - 75% of your net monthly salary
• No notification prior to draw-down
• Possibility of repeated draw-down and repayments
• Helps beneficiaries to meet their cash flow projections.

To open an account download an account opening form or visit any of AmalBank′s business offices nationwide and our staff would be more than happy to respond to your enquiries.