dsl-logo

Home Loans

Personal Loans

Car Loans

Business Loans

Credit Cards

Banking

dsl-logo
dsl-logo

Home Loans

Personal Loans

Car Loans

Business Loans

Credit Cards

Banking

Background

Compare pool finance rates in 60 seconds

  • Low pool finance comparison rates
  • Compare 30+ Australian lenders
  • No credit score impact

Enter loan amount

$

Pool Finance with Money Matchmaker

Just some of the 30+ lenders we compare

Why compare pool loans with Money

bank svg

30+ Australian lenders to choose from

Percent 3 svg

Personalised rates

file-check

No credit score impact

Currency dollar circle icon

$200 best match guarantee

Pool finance in Australia

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

Well, the reality is anywhere between $10,000 and $100,000.

In this guide I’ll explain your pool finance options. Plus, how to make sure you pay as little as possible for it.

How can I finance a pool?

If you’re looking for pool finance, there are two main options:

  • A pool loan
  • Funding it through your mortgage

I’ll start by explaining how pool loans work. Then I’ll contrast it to the home loan equity option.

What is a pool loan?

A pool loan is a personal loan that you can use to finance the cost of installing a pool.

This is what you can typically get with this kind of pool finance:

  • Loan amounts up to $100,000
  • Fixed loan terms from 1 to 7 years
  • Fixed or variable interest rates available
  • Weekly, fortnightly or monthly repayments
  • Unsecured personal loans are more common but there may be secured options
  • Your interest rate will be tailored to you

There are also home renovation loans available if your new pool is part of a wider home improvement.

Cheapest pool loan interest rates

Get a Pool Loan with Money Matchmaker

Pool loan interest rates in Australia start from 6.57% p.a. (comparison rate* 6.57%p.a.).

The interest rate you actually get may be different.

See, personal loan interest rates depend on your risk profile.

Lenders consider your credit score, income, other debts and expenses when calculating your rate.

It can have a big impact when it comes to calculating your regular loan repayments and the cost of your pool finance overall.

Best pool finance interest rate comparison

Compare a selection of personal loan interest rates in Australia

Lender

Harmoney

Personal loan interest rate

5.76% p.a. to 24.03% p.a.

Comparison rate*

6.55% p.a. to 24.98% p.a.

Lender

Plenti

Personal loan interest rate

6.57% p.a. to 24.09% p.a.

Comparison rate*

6.57% p.a. to 26.28% p.a.

Lender

NOW Finance

Personal loan interest rate

6.75% p.a. to 26.95% p.a.

Comparison rate*

6.75% p.a. to 26.95% p.a.

Lender

Pepper Money

Personal loan interest rate

6.75% p.a. to 26.95% p.a.

Comparison rate*

6.75% p.a. to 26.95% p.a.

Lender

ING

Personal loan interest rate

6.89% p.a. to 18.99% p.a.

Comparison rate*

7.10% p.a. to 19.23% p.a.

Lender

Our Money Market

Personal loan interest rate

6.57% p.a. to 18.99% p.a.

Comparison rate*

7.19% p.a. to 21.78% p.a.

Lender

Liberty Financial

Personal loan interest rate

7.24% p.a. to 19.99% p.a.

Comparison rate*

7.24% p.a. to 21.49% p.a.

Lender

Moneyplace

Personal loan interest rate

7.24% p.a. to 19.99% p.a.

Comparison rate*

7.24% p.a. to 21.49% p.a.

Lender

MoneyMe

Personal loan interest rate

6.74% p.a. to 24.49% p.a.

Comparison rate*

8.13% p.a. to 25.87% p.a.

Lender

ANZ

Personal loan interest rate

7.49% p.a. to 19.99% p.a.

Comparison rate*

8.18% p.a. to 20.58% p.a.

Lender

G&C Mutual Bank

Personal loan interest rate

7.99% p.a. to 16.99% p.a.

Comparison rate*

8.20% p.a. to 17.22% p.a.

Lender

Society One

Personal loan interest rate

8.20% p.a. to 24.89% p.a.

Comparison rate*

8.27% p.a. to 25.64% p.a.

Lender

Bank of Melbourne

Personal loan interest rate

7.49% p.a. to 19.99% p.a.

Comparison rate*

8.31% p.a. to 20.35% p.a.

Lender

BankSA

Personal loan interest rate

7.49% p.a. to 19.99% p.a.

Comparison rate*

8.31% p.a. to 20.35% p.a.

Lender

St.George Bank

Personal loan interest rate

7.49% p.a. to 19.99% p.a.

Comparison rate*

8.31% p.a. to 20.35% p.a.

Lender

Great Southern Bank

Personal loan interest rate

7.99% p.a. to 19.99% p.a.

Comparison rate*

8.31 % p.a. to 20.35% p.a.

Lender

Westpac

Personal loan interest rate

7.99% p.a. to 20.49% p.a.

Comparison rate*

9.18% p.a. to 21.61% p.a.

Lender

Wisr

Personal loan interest rate

8.49% p.a. to 23.29% p.a.

Comparison rate*

9.33% p.a. to 24.05% p.a.

Lender

NAB

Personal loan interest rate

8.49% p.a. to 20.49% p.a.

Comparison rate*

9.54% p.a. to 21.49% p.a.

Lender

Commbank

Personal loan interest rate

8.50% p.a. to 20.50% p.a. (fixed); 8.50% p.a. to 20.50% p.a. (variable)

Comparison rate*

9.89% p.a. to 21.79% p.a. (fixed); 9.89% p.a. to 21.79% p.a. (variable)

Lender

Latitude Financial

Personal loan interest rate

9.49% p.a. to 29.99% p.a.

Comparison rate*

10.93% p.a. to 31.83% p.a

Lender

Fair Go Finance

Personal loan interest rate

21.90% p.a. to 25.90% (loan amount $5,050 - $10,000)

Comparison rate*

28.71% p.a. to 33.80% p.a.

Lender

Jacaranda Finance

Personal loan interest rate

17.95% p.a. to 27.95% p.a.

Comparison rate*

32.80% p.a. to 42.80% p.a.

LenderPersonal loan interest rateComparison rate*

Harmoney

5.76% p.a. to 24.03% p.a.

6.55% p.a. to 24.98% p.a.

Plenti

6.57% p.a. to 24.09% p.a.

6.57% p.a. to 26.28% p.a.

NOW Finance

6.75% p.a. to 26.95% p.a.

6.75% p.a. to 26.95% p.a.

Pepper Money

6.75% p.a. to 26.95% p.a.

6.75% p.a. to 26.95% p.a.

ING

6.89% p.a. to 18.99% p.a.

7.10% p.a. to 19.23% p.a.

Our Money Market

6.57% p.a. to 18.99% p.a.

7.19% p.a. to 21.78% p.a.

Liberty Financial

7.24% p.a. to 19.99% p.a.

7.24% p.a. to 21.49% p.a.

Moneyplace

7.24% p.a. to 19.99% p.a.

7.24% p.a. to 21.49% p.a.

MoneyMe

6.74% p.a. to 24.49% p.a.

8.13% p.a. to 25.87% p.a.

ANZ

7.49% p.a. to 19.99% p.a.

8.18% p.a. to 20.58% p.a.

G&C Mutual Bank

7.99% p.a. to 16.99% p.a.

8.20% p.a. to 17.22% p.a.

Society One

8.20% p.a. to 24.89% p.a.

8.27% p.a. to 25.64% p.a.

Bank of Melbourne

7.49% p.a. to 19.99% p.a.

8.31% p.a. to 20.35% p.a.

BankSA

7.49% p.a. to 19.99% p.a.

8.31% p.a. to 20.35% p.a.

St.George Bank

7.49% p.a. to 19.99% p.a.

8.31% p.a. to 20.35% p.a.

Great Southern Bank

7.99% p.a. to 19.99% p.a.

8.31 % p.a. to 20.35% p.a.

Westpac

7.99% p.a. to 20.49% p.a.

9.18% p.a. to 21.61% p.a.

Wisr

8.49% p.a. to 23.29% p.a.

9.33% p.a. to 24.05% p.a.

NAB

8.49% p.a. to 20.49% p.a.

9.54% p.a. to 21.49% p.a.

Commbank

8.50% p.a. to 20.50% p.a. (fixed); 8.50% p.a. to 20.50% p.a. (variable)

9.89% p.a. to 21.79% p.a. (fixed); 9.89% p.a. to 21.79% p.a. (variable)

Latitude Financial

9.49% p.a. to 29.99% p.a.

10.93% p.a. to 31.83% p.a

Fair Go Finance

21.90% p.a. to 25.90% (loan amount $5,050 - $10,000)

28.71% p.a. to 33.80% p.a.

Jacaranda Finance

17.95% p.a. to 27.95% p.a.

32.80% p.a. to 42.80% p.a.

The table is sorted by lowest comparison rate. Personal loan interest rate comparison based on products analysed by Money advertising a high and low interest rate range. Rates are current as of 1 August 2024. Check with the provider for full current loan details, including rates, fees, eligibility and terms and conditions. While this is an extensive list of personal loans available in Australia, not all loans in the market are shown. This list is for reference only and does not reflect the selection of loans you may see if you get a personalised quote through Money. *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.

Comparing pool loans

The personal loan you choose will have a big impact on the overall cost of the project.

Probably more so than the builder you choose, or whether you splash out on fancier pool fixtures.

And if you’re going to push the boat (or inflatable unicorn) out on one aspect of your pool build, you probably don’t want that to be loan interest and fees.

Below are the main aspects of pool finance that will determine your costs:
Percent 3 svg

Pool loan interest rates

Look for the lowest interest rate you’re eligible for.

Coins stacked 1 svg

Fees

Aim to minimise the upfront and ongoing fees that some lenders charge, plus extra repayments fees. If you get your pool finance through a personal loan broker, they may also charge fees.

clock svg

Loan term

A longer loan term will mean lower regular repayments but you’ll pay more interest and fees. A shorter loan term will mean higher repayments but generally you’ll pay less in interest and ongoing fees. The average personal loan term is just under three years.

Coins swap 1 svg

Loan flexibility

Look for the flexibility to make repayments weekly, fortnightly or monthly. Plus the option to make extra repayments and repay the loan early without penalty. If you do repay extra, some pool loans offer redraw, which is the ability to withdraw your extra repayments if you want to.

How to get pool finance in Australia

Once you’ve worked out the budget for your project, getting pool finance can be a fairly simple process

Here’s what’s typically involved:

1

Compare pool finance providers

2

Before you apply, check your credit score to make sure you’re in a good position to get approved

3

Submit a loan application to a pool finance provider (this is usually done online and can be done in around 10 minutes with some lenders)

4

Provide any supporting document requested (e.g. payslips, bank statements)

5

Wait for your finance application to be assessed (this can also happen very quickly)

6

If approved, sign a loan contract

7

The loan funds will be transferred to your nominated bank account

If it’s a straightforward application, the whole process can be completed in 1-2 business days.

For more complex situations like a bad credit personal loan or a low doc personal loan for self-employed borrowers the process will likely take a bit longer.

Fixed vs variable pool finance

Depending on the lender, your pool finance can either come with a fixed or variable interest rate. Here's the difference:

  • With fixed pool finance, the interest rate and repayments stay the same for the entire loan term.
  • This is handy for planning your budget as your costs won’t change.
  • With a variable rate pool loan, the interest rate and repayments could go up or down with the market.
  • The downside of fixed rate pool loans is they tend to be less flexible. Particularly being able to make extra repayments and repaying the loan early.
  • But fixed loans offer more certainty overall.

Pool finance options compared

I mentioned earlier that the other main pool finance option is to use the equity in your home (refinancing).

There can be advantages to doing this. But it's usually a much longer loan term.

Borrowing over a longer period usually means higher costs.

Here’s a quick overview of the main differences between a pool loan and refinancing your mortgage as a source of pool finance.

Pool loan vs home loan refinance

Amount available

Personal loan

Up to $100,000

Home equity

Depends on home loan balance and home’s value

Interest rates

Personal loan

Starting from 6-7%

Home equity

Starting from 4-5%

Loan term

Personal loan

Up to 7 years

Home equity

Up to 30 years

Property valuation required

Personal loan

No

Home equity

Yes

Security required

Personal loan

Optional

Home equity

Yes

Personal loanHome equity

Amount available

Up to $100,000

Depends on home loan balance and home’s value

Interest rates

Starting from 6-7%

Starting from 4-5%

Loan term

Up to 7 years

Up to 30 years

Property valuation required

No

Yes

Security required

Optional

Yes

How much to borrow to build a pool

A personal loan for a pool will allow you to borrow up to $100,000.

But lenders will assess your actual borrowing capacity based on your income, credit history, your regular expenses and other debts.

Borrowers who are seen to be a greater risk based on those factors may not be able to borrow as much.

Of course the amount you end up borrowing will also be determined by the cost of your pool.

What does a pool cost?

Deciding on how much your pool will cost means taking in some basic (and not-so-basic) considerations:
Line chart up 5 svg

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.

Land svg

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, ground conditions, any angles or slopes and how they impact the size or shape of your pool. These factors could have a big impact on cost.

Currency dollar circle icon

Ongoing costs

Ongoing costs can be a major factor down the line. But you’ll need to start thinking about many of these from day one. This means things like water filters, servicing and replacements, any pool sanitisation, chemicals, filters systems, pool covers or cleaners, and heat pumps or other features.

Ready to compare pool finance?

Get your best offers from multiple lenders. There's no obligation and checking your rates won't impact your credit score.

Personal loan guides & resources

Not sure about the next steps? Our guides and resources can help.

FAQs about pool finance

Yes, there are specialist lenders in Australia who offer personal loans to bad credit borrowers for a range of purposes, including financing a pool.

If you have an issue in your credit history expect to be charged a higher interest rate.

This will make it more expensive to finance your pool.

It’s more common for pool finance to be unsecured. This means the borrower doesn’t need to offer an asset they own as collateral to secure the loan.

But some lenders may offer secured pool finance.

In this case, your pool loan could be secured against an asset you own such as a vehicle, shares, cash savings or your home.

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

Sean Callery is the Editor of Money.com.au. He has over 15 years of international experience. He is qualified with a Certificate IV in Finance and Mortgage Broking (FNS40821) and is compliant to provide general advice in Tier 1 General Insurance (RG 146) products.

logo

Our Money Promise

Money Pty Ltd (trading as Money) (ABN 42 626 094 773) Australian Credit Licence 528698 provides information about credit products. Money does not compare all products or issuers available 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. We may receive a commission when you apply for a home loan as a result of outbound links on this website.

This material has been prepared by Money Pty Limited (ABN 40 664 954 536) (Money, ‘us’ or ‘we’). Money is a corporate authorised representative (CAR 001307399) of 62 Consulting Pty Limited (ABN 88 664 809 303) (AFSL 548573) (62C). The material is for general information only and is not an offer for the purchase or sale of any financial product or service. The material is not intended to provide you with financial or tax advice and does not take into account your objectives, financial situation or needs. Although we believe that the material is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statute which cannot be excluded. Please note that past performance may not be indicative of future performance and that no guarantee of performance, the return of capital or a particular rate of return is given by 62C, Money, any of their related body corporates or any other person. To the maximum extent possible, 62C, Money, their related body corporates or any other person do not accept any liability for any statement in this material.

The information on this website is intended to be general in nature and has been prepared without considering your objectives, financial situation or needs. You should read the relevant disclosure statements or other offer documents prior to making a decision about a credit product and seek independent financial advice. Whilst Money.com.au endeavours to ensure the accuracy of the information provided on this website, no responsibility is accepted by us for any errors, omissions or any inaccurate information on this website.

Interest rates, fees and charges are subject to change without notice. Before acting on any information, you should confirm the interest rates, fees, charges and product information with the provider. For clarity, where we have used the terms “lowest” or “best” these relate solely to the rates of interest offered by the provider and not on any other factor. The application of these terms to a particular product is subject to change without notice if the provider changes their rates.

The calculator provided on money.com.au is intended for informational and illustrative purposes only. The results generated by this calculator are based on the inputs you provide and the assumptions set by us. These results should not be considered as financial advice or a recommendation to buy or sell any financial product. By using this calculator, you acknowledge and agree to the terms set out in this disclaimer. For more detailed information, please review our full terms and conditions on the website.

Assumptions:

  • The calculations do not account for changes in interest rates or other market conditions that may occur.
  • Results are approximations and may differ from actual payment schedules or amounts.
  • The calculator does not include all fees and charges that you may incur in relation to a financial product.

Limitation

  • This calculator does not guarantee the availability of any financial product or the accuracy of the calculations. Please consult a financial advisor or the relevant product provider to obtain specific advice tailored to your circumstances.
  • money.com.au does not accept any liability for errors or omissions, or for any loss you may suffer as a result of relying on these calculations.
Money Pty Ltd trading as Money

ABN: 42 626 094 773 / ACL: 528698 / AFCA: 83955
Money is a corporate authorised representative (CAR 001307399) of 62 Consulting Pty Limited (ABN 88 664 809 303) (AFSL 548573) (62C)
aboriginal-and-torres-strait

Money acknowledges Aboriginal and Torres Strait Islanders as the traditional custodians of country throughout Australia and their continuing connection to land, waters and community.

© Copyright 2024 Money Pty Ltd.