PETRA LEASE FACILITY

Available 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.

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