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Pool finance rates from 11 lenders in 60 seconds

  • Comparison rates from 4.99% p.a*
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  • No hidden fees or broker fees
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Australia's Money Matchmaker matching you with your best loans across multiple lenders
My matching process let's you check multiple lender rates in one place, making it super fast to shop around

Why Money Matchmaker™

  • Receive real rate offers from 11 lenders
  • No paid promotions
  • No credit score impact
  • Your personal data is never sold

“Super quick, I got lots of offers. All I had to do was choose which one! I went with Wisr because they were the cheapest. Thanks” - Angela

Building your backyard pool

Written by

Shaun McGowan

Ah, the perfect pool in a scorching Aussie summer. What price could you put on it?

Well, the reality is anywhere between $10,000 and $100,000, but depending on who you ask, that money can be put into a golden opportunity or just poured down the financial sink.

If you’re looking to get finance to build a pool at home, here are all the costs you’ll need to consider (and how you can save money!).

How much to borrow to build a pool

If you’re building a pool, then you’ll be looking at getting a personal loan. But, before you start comparing lenders and loan offers, you’ll need to decide how much you actually need to borrow.

Don’t skip this step! Deciding on how much you’ll actually need to borrow before you make any major decisions will ensure you’re not only planning ahead but budgeting to make sure you don’t end up with an ongoing loan and a half-finished pool!

What does a pool cost?

Deciding on how much your pool will cost means taking in some basic (and not-so-basic!) considerations:

  • Materials The most common pool materials are concrete, vinyl-liner and fibreglass. Vinyl-liner pools (the ones above ground with frames) start around $10,000, while a common fibreglass pool can begin around $25,000. Concrete pools begin around the same price, but have a much higher scope for expansion, if you can afford it.
  • Construction If you’re opting for an in-ground pool, then you’ll also need to think about your property and where you’re building it. This means ease of access to install the pool, the ground conditions of your property, any angles or slopes and how they impact the size or shape of your pool, and how you plan to install water ventilation or other features.
  • Ongoing costs Ongoing costs can be a major factor down the line, and you’ll need to start thinking about many of these from day one of installing your pool. This means things like water filters, servicing and replacements, any pool sanitisation with chemicals and filters systems, pool covers or cleaners to prevent any damage to the systems, and heat pumps or other features.
Get a Pool Loan with Money Matchmaker

Comparing Pool Loans

The personal loan you choose will have a big impact on the way you repay the loan and its total cost.

Features that you should look closely at when comparing include:

  • Interest rates
  • Fees
  • Loan term
  • Features
  • Flexibility

The cost of a pool loan will depend entirely on the amount of the loan, the interest and fees you’re charged and how quickly you pay the loan off. Here are a few things to consider:

For more detail information on how to compare personal loans read this guide

COMPARING POOL LOANS

Fixed or variable interest

Fixed interest rates stay the same for the entire loan term or for a set period. However, some fixed-rate loans are less flexible and don’t allow for fee-free early repayments.

Variable interest rates, on the other hand, go up and down with the market. Most variable-rate loans allow for fee-free early repayments and are more flexible.

Loan Term

A longer loan term will mean lower repayments but generally, you’ll pay more interest and fees. A shorter loan term will mean higher repayments but generally, you’ll pay lower interest and lower fees.

Loan flexibility

Your loan should be flexible to suit your life so look for features that accommodate change:

  • Early/extra repayment without fees can be a great way to save on interest.
  • Repayment holidays or interest-only periods to lower your repayments
  • Flexible repayment periods that allow you to choose whether to make loan repayments weekly, fortnightly or monthly.
  • Redraw facility: a redraw facility allows you to make extra repayments to your loan balance, then withdraw any payments above the minimum as needed.
  • Loan bundling: some lenders bundle several financial products together and offer a discount on the lot. If you need insurance and a home loan too this could be an option to consider.
  • Customer service: throughout your loan term there’s a good chance you’ll need to get in touch with your lender. Look at online reviews and find out as much about them as you can to ensure they have good customer service.

Applying for a pool loan

The easiest way to find a competitive personal loan from lenders is to simply use our Money Matchmaker™ engine.

We’ll compare the best pool loans we can find from our available pool of lenders, so you can see exactly how much you’ll pay with each. If you’re ready to find the loan you need to build your perfect pool for the summer, get started with our Money Matchmaker™ today.

Meet Money Matchmaker™

"Hey I’m Money Matchmaker™, I have a team of wizards making me super smart. I’ve been loaded up with all the information that lenders use, and when you take my quiz, I use your answers to check against all our lenders at once. I’m harmless, I don’t impact your credit score and I’ll show you the best loan matches I can with no brokers fees or annoying ads"

HOW IT WORKS
Money Matchmaker

Meet your Potential Pool Loan matches

Meet Plenti
  • No Early Repayment Fees
  • No Monthly Fees
  • Get Funds 24 Hours From Approval
Meet Wisr
  • Same day decisioning
  • No admin, early repayment or "risk" fees
  • Support from real people
Meet Fair Go
  • Build your credit score by making timely repayments
  • Once approved, loans are funded in minutes
  • Flexible repayments; weekly, fortnightly, monthly options
Meet Society One
  • No ongoing fees
  • No monthly fees
  • No Deposit Required
Meet Jacaranda
  • Apply in under 8 minutes
  • Once approved, cash transferred in 60 seconds
  • No early termination fees
Meet Money3
  • Pay your loan out early with no fees
  • Increase regular payments to suit your situation
  • Make extra repayments at any time
Meet Now Finance
  • Get a guaranteed, personalised rate in 2 minutes
  • Apply online in under 10 minutes
  • Weekly and fortnightly repayments
Meet Finance 1
  • Pay your loan out early with no fees
  • Change payment dates and frequency at any time
  • Make extra repayments at any time
Meet Alex
  • $0 establishment fee: offer expires 8 DEC 2021
  • $0 ongoing fees, early repayment fees, exit fees
  • Multi Award winning and 100% digital

The right pool loan can save you $1,000s

FIND YOUR LOAN

About the Author

Shaun McGowan from money.com.au

Shaun

McGowan

Shaun McGowan

Shaun is the founder of Money.com.au and is determined to help people pay as little as possible for financial products. Through education and building world class technology. Previously Shaun co-founded CarLoans.com.au and Lend.

*Information about comparison rates Comparison rates are designed to allow borrowers to understand the true cost of a loan by taking into account fees and charges, the loan amount and the term of the loan. The comparison rate is based on an unsecured fixed rate personal loan of $10,000 over 3 years. WARNING: Comparison rates are true only for the examples provided and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.

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Disclaimer

Money Pty Ltd (trading as Money.com.au) provides information about credit products and is authorised to do so as the holder of Australian Credit Licence 528698. Money.com.au does not compare every Lender in Australia. We are not a broker or credit provider and when we provide information via this website, we are not providing you with a recommendation or suggestion about a particular credit product. When you apply for a credit product via the Money.com.au website, you are not applying with us, you are applying directly with a Lender Partner. Before entering into any credit product from one of our Lender Partners, you should confirm the rates and product information with the Lender. All information on this website is general advice only and does not take into account your objectives, financial situation or needs. You should consider whether this advice is right for you and we encourage you to seek independent financial advice.