 | Finance Lease 1 & 3 | Commercial HP | Commercial Loan | Equipment Rental | Insurance Premium Finance |
| Description | A tax effective method of financing the full value of an eligible new or used asset | A method of financing the acquisition of an eligible new or used asset. | Title of goods financed remains with customer | A tax effective method of hiring an eligible new or used asset | Insurance premiums financed and repaid over a year. |
| Financing | 100% of value | Up to 100% of value | Up to 100% of value | | Up to 100% of value |
| Loan size (no maximum) | Minimum $15,000 | Minimum $15,000 | Minimum $15,000 | Minimum $1,000 | Minimum $5,000 |
| Minimum Repayment term | 12 months | 12 months | 12 months | 12 months | 6 months |
| Maximum Repayment term (Longer terms available subject to assessment) | 7 years | 7 years | 7 years | 5 years | 12 months |
| Payment frequency | Monthly rentals | Monthly payments | Monthly payments, can be structured | Monthly payments, can be structured | Monthly instalments |
| Residual/balloon | Residual payable at expiry, amount depends on term. | Balloon payment optional. | Balloon payment optional. | Not applicable | Not applicable |
| Security (Directors and Shareholders Guarantees usually required for company borrowings) | Goods acquired. Possibly collateral for secondary and tertiary goods | Goods acquired. Possibly collateral for secondary and tertiary goods. | Westpac takes Bill of Sale/Chattel Mortgage. | Security of the loan is usually the goods being rented. | Policy if cancellable |
| Ownership | Westpac | Westpac passes ownership to customer at end of term. | Customer | Westpac | Westpac takes assignment of rights over policy. |
| Tax deductibility for customer | Lease rental deductible if asset used for income producing purposes. | Interest on payments and depreciation if asset used for income producing purposes. | Interest on payments and depreciation if asset used for income producing purposes. | Rental deductible if asset used for income producing purposes. | Interest on payments deductible if insurance premiums used in income producing purposes. |
| GST (applicable to finance contract) | Payable on each rental amount and the residual payment. | Payable up front on the amount financed. Upfront GST can be financed. | Not applicable. | Payable on each rental amount. | Not applicable. |
| Finance Lease
 | Commercial HP
| Commercial Loan
| Equipment Rental
| Insurance Premium Finance |
