PETRA LEASE FACILITYAvailable to individuals and organizations to purchase equipments needed without funding the purchase directly.
- Account can be oppened either as a saving or current account.
- Minimum opening balance of =N=2,000 for either of the accounts.
- Items for lease include household and business assets.
- Customer is expected to have 30% of cost of item to be purchased as equity contribution.
- Repayment can be stretched up to 12 months duration.
- Item will be comprehensively insured by the bank.
- Customer will have access to the account balance if no longer needed to buy the item.