What to think about when budgeting for a swimming pool

Pool financing, in this context, is a loan or line of credit that may be used for nothing but the building of a swimming pool. Unsecured personal loans, home equity loans and lines of credit, and financing through a pool dealer are just some of the available financing alternatives. Each option comes with its own set of pros and cons, and some swimming pool loans are more expensive or more difficult to qualify for than others.


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  • Even though we can’t possible show you every single great financial option there is, we’ve done our best to compile a comprehensive list of them here on our site.
  • If your dream backyard includes a place for the kids to play in the water or for you to spend leisurely days on a raft while drinking margaritas, then you may have considered installing a swimming pool. You may be wondering how you’ll come up with the thousands of dollars needed to install an in-ground pool or hot tub.
  • When it comes to financing options for pools, you may choose from a wide variety of options. While enjoyable, a swimming pool is an expensive investment that may put you in a financial bind for years. If you are thinking about getting pool loans to pay for your pool, it is in your best interest to first learn about the many options you have for making the payments on the loan.

Before you take the leap into acquiring a loan for a pool, here are five things you should know about pool finance and essential facts of pool ownership.

Do you need a loan at this time?

A number of options exist for you to pursue financially.

To ensure that you make the best decision when financing your pool, it’s important to be well-versed on the many alternatives available to you.

Unsecured loans to individuals

No collateral is needed at the time of application for unsecured personal loans, which are often supplied by financial institutions like banks and credit unions, as well as by online lenders and peer-to-peer lenders. Unsecured loans often have higher interest rates than secured loans like home equity loans, but you’ll have certainty on when your pool will be paid off because to the fixed repayment period.