Search and compare swimming pools loan rates
Get ready for the summer with a pool, paid off by a swimming pool loan. Compare loan rates, fees, features, and more, and help yourself cool down during the hotter months.
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Enjoy the flexibility of a variable-rate personal loan on a competitive interest rate.
Find and compare swimming pool personal loans
Variable up to 7.99%
Variable up to 8.69%
1 year to 7 years
Total repayments for a 3-year, $30,000 loan at 6.47% would be $32,733*. Terms from 1-7 years
Enjoy the flexibility of a variable-rate personal loan on a competitive interest rate.
Fixed up to 8.5%
Fixed up to 8.5%
3 years to 5 years
Total repayments for a 3-year, $30,000 loan at 6.49% would be $33,096*. Terms from 3-5 years
Tech-savvy borrowers can join this digital lender, without needing to put down security.
Fixed up to 7.49%
Fixed up to 10.79%
2 years to 3 years
Total repayments for a 3-year, $30,000 loan at 5.95% would be $32,831*. Terms from 2-3 years
Sign up online for a personal loan with this digital marketplace lender, and pay no ongoing fees.
Fixed up to 7.05%
Fixed up to 7.4%
1 year to 7 years
Total repayments for a 3-year, $30,000 loan at 6.07% would be $32,587*. Terms from 1-7 years
Pay no ongoing fees, and avoid being penalised for paying off your personal loan early.
Winner of Excellent Credit Personal Loans, RateCity Gold Awards 2021
Fixed up to 7.49%
Fixed up to 8.19%
3 years to 7 years
Total repayments for a 3-year, $30,000 loan at 6.39% would be $33,047*. Terms from 3-7 years
Fixed up to 19.95%
Fixed up to 21.36%
1 year to 5 years
Total repayments for a 3-year, $30,000 loan at 7.64% would be $32,978*. Terms from 1-5 years
Fixed up to 18.99%
Fixed up to 19.83%
1 year to 7 years
Total repayments for a 3-year, $30,000 loan at 7.91% would be $33,342*. Terms from 1-7 years
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What is a swimming pool personal loan?
A swimming pool personal loan is a personal finance option through which a lender provides a borrower with the money they need to install a swimming pool if their savings won't quite cover the total cost. The borrower is then required to repay the loan amount, plus interest and any fees, in regular repayments over a predetermined period of time.
A swimming pool is often a highly desirable feature for homebuyers looking for a family home, and thus can add value to a property if enough research is done to ensure the most suitable model is installed. For this reason, many homeowners looking to install a pool see the benefit of using a financial product, like a swimming pool loan, to fund the project.
Keep in mind that using a personal loan to finance your new swimming pool will mean paying interest over the life of the loan, as well as other fees, so it's important to do your due diligence to find the best loan for your personal circumstances.
How much does a swimming pool cost in Australia?
According to Australian online trade directory hipages, a new swimming pool can cost anywhere from $5,000 to in excess of $100,000. The cost to install an inground pool typically starts at $35,000, with above ground pools often starting at $8,000.
Of course, the price will ultimately depend on the type of pool you choose, the materials used, and the installation professionals you hire, among other factors. Getting a number of quotes from a variety of professionals can help you choose a pool that fits both your budget and your requirements.
How do I compare personal loans for swimming pools?
Once you've received a quote from your preferred pool installation professionals, you will have a pretty good idea of your required loan amount. The next step in the process is to start comparing loans. Here are some of the most important features to consider when shopping for pool financing options:
- Interest rate - It's understandable that most borrowers begin by looking for loans with the lowest interest rate, but it's important to also factor in fees when determining the true cost of the loan. A loan with a higher interest rate and lower fees could potentially be more affordable than a loan with a lower interest rate and higher fees.
- Comparison rate - The comparison rate can give you a better idea of the overall costs associated with a loan product, as it factors in both the interest rate and the major fees and charges.
- Fees - Not all fees are included in the comparison rate, so it's worth having an understanding of all of the kinds of fees that may be charged such as application fees, establishment fees, early repayment fees, monthly fees and other ongoing fees.
- Secured vs unsecured - Secured loans often come with more competitive interest rates than unsecured loans. That's because secured loans are secured by an asset, such as a home, that is used as collateral for the money borrowed. Secured personal loans are less of a risk to lenders than unsecured personal loans, so borrowers are typically rewarded with lower interest rates.
- Credit score - Your credit history will often have an impact on the loans that are available to you, with the most competitive loans typically reserved for borrowers with excellent credit. Consider checking your credit score before applying for any financial product to reduce your risk of having your loan application rejected.
How long would it take me to pay off a swimming pool loan?
The length of time it might take you to pay off a swimming pool personal loan will depend largely on the amount you borrow, the interest rate you are charged on your loan product, and how much you can comfortably afford to pay in regular loan repayments. Most personal loans offer loan terms of between one and five years, while some may offer longer terms of up to 10 years.
To get an idea of how long it might take you to repay a swimming pool loan, you can utilise RateCity's personal loan calculator. The calculator can provide an estimate of your weekly, fortnightly or monthly repayments, based on your preferred loan amount, loan term, interest rate and credit score.
Consider entering different durations in the loan term field to see how a shorter or longer loan term can affect your monthly payments and total interest payable.
Before you hit the 'apply now' button, it's often a good idea to speak to a financial advisor for information specific to your personal circumstances.
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Personal Finance Editor
Georgia Brown is a Personal Finance Editor and journalist for RateCity. Before venturing into the world of personal finance, she worked as a reporter for realestate.com.au and Smart Property Investment. She now works truly amongst personal finance, while also writing about other areas, such as sustainable finance and super.
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Frequently asked questions
What is the average interest rate on personal loans for single parents?
Like other types of personal loans, the average interest rate for personal loans for single parents changes regularly, as lenders add, remove, and vary their loan offers. The interest rate you’ll receive may depend on a range of different factors, including your loan amount, loan term, security, income, and credit score.
Is a personal loan a variable or fixed-rate loan?
Depending on the personal loan lender, you may be able to choose between a fixed and a variable interest rate. But, there are a few distinct differences between the two, so it’s important to weigh up the pros and cons before deciding on what’s right for you.
A fixed interest rate loan gets you the convenience of knowing exactly how much you need to repay each fortnight or month. On the other hand, you generally won’t be able to make lump sum or advanced payments to close your personal loan early - or at least not without a penalty.
With a variable interest rate personal loan, you may be able to get a longer loan repayment term, with the option of paying off the loan early. You typically won’t need to pay any additional charges for an early full repayment either. The potential disadvantage with an interest rate that can change is that your repayment is not entirely predictable, as it can fluctuate with the market. However, you’ll likely have more options as more lenders offer a variable interest rate personal loan.
What is a bad credit personal loan?
A bad credit personal loan is a personal loan designed for somebody with a bad credit history. This type of personal loan has higher interest rates than regular personal loans as well as higher fees.
Can you refinance a $5000 personal loan?
Much like home loans, many personal loans can be refinanced. This is where you replace your current personal loan with another personal loan, often from another lender and at a lower interest rate. Switching personal loans may let you enjoy more affordable repayments, or useful features and benefits.
If you have a $5000 personal loan as well as other debts, you may be able to use a debt consolidations personal loan to combine these debts into one, potentially saving you money and simplifying your repayments.
Should I get a fixed or variable personal loan?
Fixed personal loans keep your interest rate the same for the full loan term, while interest rates on variable personal loans may be raised or lowered during your loan term.
A fixed rate personal loan keeps your repayments consistent, which can help keep your budgeting consistent. You won't have to worry about higher repayments if your rates were to rise. However, on a fixed loan you’ll also potentially miss out on more affordable repayments if variable rates were to fall.
Can I merge my personal loan with my home loan?
Yes, you can refinance your home loan and, in the process, merge or consolidate your personal loan and home loan. By doing so, you can lower the number of debts you have, and you may also reduce the total interest you have to pay.
However, you should consult a financial advisor or a mortgage broker to confirm that you are decreasing your total outstanding debt, including interest payments. The repayment term for a home loan can be much longer than that for a personal loan, and by merging the two, you could be repaying a higher amount over the full term.
Can I repay a $3000 personal loan early?
If you receive a financial windfall (e.g. tax refund, inheritance, bonus), using some of this money to make extra repayments onto your personal loan or medium amount loan could help reduce the total interest you’re charged on your loan, or help clear your debt ahead of schedule.
Check your loan’s terms and conditions before paying extra onto your loan, as some lenders charge fees for making extra repayments, or early exit fees for clearing your debt ahead of the agreed term.
How much can you borrow with a bad credit personal loan?
Borrowers who take out bad credit personal loans don’t just pay higher interest rates than on regular personal loans, they also get loaned less money. Each lender has its own policies and loan limits, but you’ll find it hard to get approved for a bad credit personal loan above $50,000.
Does refinancing a personal loan hurt your credit score?
Personal loan refinancing means taking out a new loan with more desirable terms in order to access a more competitive interest rate, longer loan term, better features, or even to consolidate debts.
In some situations, refinancing a personal loan can improve your credit score, while in others, it may have a negative impact. If you refinance multiple loans by consolidating these into one loan, it could improve your credit score as you’ll have only one outstanding debt liability. Your credit may also improve if you consistently pay the instalments on time.
However, applying to refinance with multiple lenders could negatively affect your credit if your applications are rejected. Also, if you delay or default the repayment, your credit score reduces.
What is a personal loan?
A personal loan sits somewhere between a home loan and a credit card loan. Unlike with a credit card, you need to sign a formal contract to access a personal loan. However, the process is easier and faster than taking out a mortgage.
Loan sizes typically range from several hundred dollars to tens of thousands of dollars, while loan terms usually run from one to five years. Personal loans are generally used to consolidate debts, pay emergency bills or fund one-off expenses like holidays.
What do credit scores have to do with personal loan interest rates?
There is a strong link between credit scores and personal loan interest rates because many lenders use credit scores to help decide what interest rates to offer to potential borrowers.
If you have a higher credit score, lenders will probably classify you as a lower-risk borrower. That means they’ll be keen to win your business, so they may offer you a lower interest rate if you apply for a personal loan.
If you have a lower credit score, lenders will probably classify you as a higher-risk borrower. That means they might be concerned about you defaulting on the loan and costing them money. As a result, they might protect themselves by charging you a higher interest rate.
What do I need to get a fast loan?
Most lenders will need to you provide the following information in your application for a fast loan:
- Proof of identity
- Proof of residence
- Proof of income
- Details of any assets you own (e.g. car, home etc.)
- Details of any liabilities you owe (other personal loans, credit cards, mortgages etc.)
- How much you want to borrow
- Over how long you want to pay it back
- Purpose of your loan
Are there alternatives to $2000 loans?
If you need to borrow $2000 or less, alternatives to getting a personal loan or payday loan include using a credit card or the redraw facility of your home, car or personal loan.
Before you borrow $2000 on a credit card, remember that interest will continue being charged on what you owe until you clear your credit card balance. To minimise your interest, consider prioritising paying off your credit card.
Before you draw down $2000 in extra repayments from your home, car or personal loan using a redraw facility, note that fees and charges may apply, and drawing money from your loan may mean your loan will take longer to repay, costing you more in total interest.
Can you get an emergency loan on Centrelink?
When many lenders assess a borrower’s income to determine whether they can afford a loan’s repayments without ending up in financial stress, they may not count Centrelink payments as income for this purpose.
Before applying for an emergency loan, it may be worth contacting a potential lender to find out if they accept applications from borrowers on Centrelink.
Is it hard to improve your credit score?
It can be hard to improve your credit score, as it usually requires sacrifice and discipline, but hard doesn’t necessarily mean complicated. Some simple ways you can give your credit score a boost include closing extra credit cards, reducing your credit card limit, pay off any loans and make loan repayments on time.
As a general rule, the lower your credit score, the more remedies you can apply and the greater the scope for improvement.
Can I get a $2000 loan on Centrelink?
If more than half of your income comes from Centrelink benefits, it may be more difficult to have a $2000 loan application approved. Many lenders will check if you can afford a loan’s repayments on the income from your job before they’ll approve an application, and many won’t count Centrelink payments when assessing your income for this purpose.
Some lenders may offer $2000 loans to borrowers on Centrelink – consider contacting potential lenders to check before applying.
How long are $3000 loans?
Medium amount loans can be repaid between 16 days and 2 years. Many personal loans have terms between 1 year and 5 years, though some are as short as 6 months while others last for 10 years.
Generally, the shorter a loan’s term, the more expensive your regular repayments may be, but the less total interest you’ll pay. Loans with longer terms mean more affordable repayments, but more interest charges over the full term.
Do $4000 loans have no credit checks?
Many medium amount loans for $4000 have no credit checks and are instead assessed based on your current ability to repay the loan, rather than by looking at your credit history. While these loans can appear attractive to bad credit borrowers, it’s important to remember that they often have high fees and can be costlier than other options.
Personal loans for $4000 are more likely to have longer loan terms and will require a credit check as part of the application process. Bad credit borrowers may see their $4000 loan applications declined or have to pay higher interest rates than good credit borrowers.
Can I get a bad credit personal loan with a guarantor?
Some lenders will consider personal loan applications from a borrower with bad credit if the borrower has a family member with good credit willing to guarantee the loan (a guarantor).
If the borrower fails to pay back their personal loan, it will be their guarantor’s responsibility to cover the repayments.
What can I use a bad credit personal loan for?
Generally, bad credit personal loans can be used for the following purposes:
- Debt consolidation
- Paying bills
- Buying vehicles
- Moving expenses
Some lenders restrict how their bad credit personal loans can be used as part of their commitment to responsible lending – be sure to check before applying.