Updated on

Best Pool Loans

You may consider financing a pool if you want to spruce up your backyard and add a place to enjoy with your friends and family. Swimming pool loans can help cover the cost of the pool installation without depleting your savings.

Best Pool Loans
Allison Bethell
Real Estate Expert

A pool can be a rewarding purchase but it is an expensive one. The average cost of a pool is $35,000. That’s why you may need a pool loan to help you pay for it. A pool loan is typically easier to qualify for than getting a traditional bank loan and you can shop around and compare lenders and pool loan rates online. Our team of financial experts reviewed and ranked more than 30 online lenders to help get you funded. They did the research on the best pool loans so you can enjoy splashing around in your new swimming pool.

Our Top Picks for Best Pool Loans

  • Funding as soon as the next day
  • Can be approved with fair credit
  • Variety of discounts on rates
Min. Credit Score
Min. Credit Score Not disclosed
Loan Amounts
Loan Amount $1K-$50K
Est. APR
Loan Repayment 24 to 84 months
  • Wide range of loan amounts available
  • Fast application process
  • Direct payments to creditors as an option
Min. Credit Score
Min. Credit Score Undisclosed
Loan Amounts
Loan Amount $2K-$50K
Est. APR
Loan Repayment 36-60 months
  • No origination fees
  • Nine month deferment period
  • Direct payments to creditors with debt consolidation loans
Min. Credit Score
Min. Credit Score 660+
Loan Amounts
Loan Amount $2.5K-$35K
Est. APR
Loan Repayment 36-84 months

How to Choose the Best Pool Loan?

When choosing the best swimming pool loans, you will want to know as much as possible about the pool loan rates, terms, and conditions. The more you know, the better. Our team of experts used the most important parameters to rank the lenders that offer the best pool loans.

Consider the following factors:

  • Loan Features - These are things like loan terms, loan amounts, and what the loan can and cannot be used for. Make sure that the loan is allowed to be used for a swimming pool so you don’t waste your time. The loan term is the length of the loan. For example a two year term means you have two years to pay back the loan in its entirety.
  • Interest rates and fees - Consider different types of fees, and minimum/maximum interest rates. Know what rate you will qualify for based on your credit score and overall financial profile. Find about all of the fees upfront so there aren’t any surprises. Will swimming pool loans have origination fees, prepayment penalties, late fees, or any other fees?
  • Application process - How invasive is the application process? Will it take a few minutes or much longer? Does the company do a hard-pull or soft-pull on your credit? Know how long the funding time takes and if any distinctively competitive offerings are available.
  • Qualification process - Will you qualify for a loan? Know the minimum credit score, income requirements, co-signer/joint application optionality, and membership requirements before you apply.
  • Customer support - How accessible is customer support? Is it only offered online, via a chat bot, through email, or over the phone? Do they have multi-channel support? And be aware of customer service operating hours.
  • Online user reviews - Check out reviews on independent review sites like Trustpilot. Look at both negative and positive reviews and find trends. For example, are there multiple bad reviews about hidden fees, or are there positive reviews on loan explanations?
  • Perks and Bonuses - Consider specified service offerings like payment flexibility, advertising transparency, and advanced technology. Know what the company offers its pool loan customers.

Best Pool Loans of 2022 - Full Overview

The following represent the best loans for swimming pools:

1. Upgrade - Best for Custom Loans

Upgrade offers pool loans in the form of personal loans. Their purpose is to give consumers another alternative to banks. Pool loans are offered through their home improvement loans which are unsecured. Additionally, they offer loans for debt consolidation and refinancing credit cards. Upgrade works with a variety of credit profiles. They also consider things like your level of education and your employment history.
Custom loan options: What works for you
Fixed rates: No surprise increases
Loan cost breakdown explained on site
Fees: Origination and late fees charged
Good credit may find better deal elsewhere
Loan amounts may vary by state

The minimum credit score accepted at Upgrade is generally 560. In order to qualify for a pool loan, you will also need to meet certain income criteria. The company offers three and five year terms and rates range between 5.94% and 35.97%. You can use the personal loan calculator on their site to figure out how much the pool loan will end up costing you. Loans generally range from $1,000 to $50,000.

The Bottom Line

Upgrade offers some of the best pool loans because you can choose a custom loan that fits your needs and meshes with your budget and overall financial profile. The application process is quick and most loans are funded within one business day.

2. Best Egg - Best for Additional Resources

Best Egg is an online lender that offers personal loans in a hassle free way with an easy process and transparent fees. Pool loans are offered as unsecured personal loans which fund as a lump sum. They’re not offered in Vermont, West Virginia, Washington D.C., or U.S. territories. If you live somewhere where a loan is offered, you can check your rate with only a soft-pull on your credit, and if approved, loans can fund as quickly as the next day.
Flexible terms: Three or five years
Easy application process
Informative website and extra resources
No minimum credit score disclosed
Higher average interest rates
Pool loans not available in all states

Best Egg offers pool loans ranging from $2,000 all the way up to $50,000. A minimum credit score isn’t disclosed but they do check the borrower’s credit score, as well as income, debt-to-income ratio, and employment history, among other factors. Pool loan rates typically range from 5.99% to 35.99%. Terms are either three or five years. You can check your rate online and both the application process and the funding time are fast.

The Bottom Line

Best Egg has some of the best pool loans because they offer competitive rates, offer a wide range of loan amounts, and they provide helpful loan resources. You can check out their site and find out more about if a swimming pool loan is right for you.

3. Discover - Best for Various Loan Types

Discover offers swimming pool financing as HELOCs. It also offers smaller personal loans, as well as credit cards. You can apply for a pool loan online or over the phone in a few minutes. No application fees, origination fees, or other lender fees are charged, but if you pay off the entire loan within the first three years, you will be required to reimburse them for some of the closing costs.
Brand familiarity
Offers other banking services
Various loan types to choose from
Undisclosed minimum credit score
Need home equity for better rates
HELOCs take longer to fund

Discover offers pool loans from $35,000 to $300,000 in the form of a HELOC. However, they also offer personal loans for amounts under $35,000 and these don’t require any collateral or equity in your home. Rates for the HELOCs range from 5.99% to 12.99%. A minimum credit score isn’t disclosed but Discover does check your credit, income, employment, and will need to perform an appraisal to complete the loan. Terms are 10, 15, 20, or 30 years and are set up as revolving lines of credit, similar to a credit card.

The Bottom Line

Discover is a good option for pool loans if you want a company that you’re familiar with and may even already have a credit card account with. They also have a wide variety of loan types and flexible loan terms. You can choose to get a personal loan or a home equity line of credit depending on the cost of the pool and which better suits your financial situation.

4. OneMain Financial - Best for Small Loan Amounts

OneMain Financial has an online banking and lending center as well as hundreds of branches across the United States. They pride themselves at looking at each customer’s individual needs and not just their credit score. Pool loans are offered as unsecured personal loans and you can apply online, over the phone, or in person at a branch office.
Look at more than just credit score
Choice of online or in-person service
Soft-pull for initial application
Higher interest rates: 18%+
Vague qualifications disclosed
Low loan limit: Up to $20,000

OneMain Financial doesn't have a minimum credit score requirement, and instead considers the borrower’s overall financial profile and borrowing needs. They offer loans from $1,500 to $20,000, so you will probably need to come out of pocket for some of the swimming pool costs if you choose this lender. Loan terms are typically two to five years and interest rates range between 18% and 35.99%

The Bottom Line

OneMain Financial is a good option to consider if you don’t meet the criteria required by some of the other lenders. It’s also good for borrowers who like individualized service and may want to pop into a branch for questions or to discuss loan details. Additionally, borrowers with lower credit scores may be able to get a pool loan with OneMain Financial because they do look at more than just your credit score.

5. LightStream: Best for Low Rates

LightStream is an online division of Truist. The company offers swimming pool financing in the form of personal, unsecured, installment loans. They are geared towards higher credit borrowers and rewards them with lower interest rates, discounts, and flexible payment terms.
Higher loan amounts: Up to $100,000
Auto-pay discounts
Specific swimming pool loans
Stricter borrower qualifications
High minimum credit score: 680+
Larger loan amounts have higher rates

LightStream offers interest rates starting at 4.99% which are intended for borrowers with excellent credit scores and include a 0.50% discount for enrolling in auto-pay. Other rates may be as high as 16.99%. Loan amounts go up to $100,000 and a minimum credit score of 680 is needed to qualify for one of their pool loans. Terms are flexible and can be as short as two years or as long as twenty years.

The Bottom Line

LightStream is a great option for borrowers that meet the strict credit qualifications and want a pool loan. The company’s website has pages dedicated specifically to pool loans and specializes in working with borrowers who have good or great credit scores. They offer competitive rates and an easy and fast application and funding process.

6. Upstart: Best for Low Credit Score Borrowers

Upstart offers pool loans under the home improvement project category on the company’s website. You can check your rate in five minutes with a soft-pull that doesn’t affect your credit score. Most loans are funded quickly and don’t require a minimum credit score to qualify. In addition to pool loans, there are other types of personal loans, and a blog, personal loan calculator, and borrower stories.
Website resources: learn about pool loans
Fast funding: Usually 1 business day
Lower borrower requirements
Average APR is higher
Website could be updated
Loan amounts vary by state

Upstart offers pool loans with terms of three or five years. Rates typically range from 5.22% to 35.99%. Loan amounts generally range from $1,000 to $50,000. Loans can be used for things like swimming pools and other home projects, as well as paying off high-interest credit cards, refinancing your car, or consolidating debt. You apply online and funding is usually completed one business day after approval.

The Bottom Line

Upstart is a good option for borrowers who don’t have a lot of credit history or who have a lower credit score. The company works with different types of credit profiles and has a fast application process which takes most people about five minutes to complete.

Best Pool Loans - Feature Comparison

Company Name

Est. APR

Min. credit score

Loan Amount

Loan term


5.94% - 35.97%


$1,000 - $50,000

3 or 5 years

Best Egg

5.99% to 35.99%

Not disclosed

$2,000 - $50,000

3 or 5 years 


5.99% - 12.99%

Not disclosed

$35,000 - $300,000

10,15, 20, or 30 years

OneMain Financial 

18% - 35.99%

Not disclosed

$1,500 - $20,000

2 - 5 years


4.99% - 16.99%


Up to $100,000

2 - 20 years


5.22% - 35.99%


$1,000 - $50,000

3 or 5 yea

What is a Pool Loan?

A pool loan is a specialty type of financing used to pay for a pool. It can be in the form of a personal loan and may be called a home improvement loan that can be used for multiple purposes including building a swimming pool. These loans are typically unsecured, offered at a variety of places including banks, credit unions, and online lenders, and have higher rates than secured loans. Pool financing can also be in the form of a HELOC or a home equity loan which both use the equity in your home to fund the pool.

How Much Do Pools Cost?

There are so many factors that determine how much a pool costs. The average swimming pool costs around $35,000 and most people spend somewhere between $28,000 and $55,000. Things that influence the price include the size and materials of the pool, its shape, depth, and physical location. A pool may be less expensive somewhere like Florida where pools are common and can often be used year round, as compared to somewhere with a chillier climate and less frequent private pools.

Where to Get a Pool Loan

Pool financing options can be found at the following:

  • Bank: A bank or major financial institution may offer pool loans in the form of personal loans, HELOCs, or home equity loans.
  • Credit union: Credit unions often reward their members with competitive rates and offer a variety of pool loans
  • Online lender: An online lender typically offers personal, unsecured loans that can be used to finance a pool and some offer pool loans for bad credit. These loans can typically be found under the home improvement loan section and may or may not mention swimming pools specifically.

How to Get a Pool Loan

The following are steps to get the best loans for swimming pools:

  • Get ready: Know your credit score, and have your bank statements, proof of income, and tax returns handy. Also, be aware of zoning regulations, and that your contractor will need to pull permits before building the pool.
  • Budget: You may want a dark bottom infinity edge pool with a waterfall, but does that fit in your budget? Know how much you want to spend and then allow for a little extra because construction costs usually go over budget. Even though you’re getting a loan, you may need some cash on hand for prepping the area, landscaping, and cleaning etc.
  • Compare options: Check out the lenders on our list and compare their rates, terms, and qualifications. Also compare them with the financial institution that you already have a relationship with.
  • Apply: Once you decide on the lender, fill out the loan application and get an approval
  • Funding: Once you get approved, you will find out when and how you will get funded. Typically it’s within a few days and can be directly deposited or wired into your bank account. Now your dream pool awaits!

Pool Loan Pros and Cons


  • Keeping your cash: Use leverage and don’t deplete your cash reserves
  • Don’t need to sell stocks: Use a loan and keep your portfolio
  • Affordable payments: Pay monthly instead of paying for the pool upfront
  • Years of enjoyment and memories in your own backyard
  • No need for a membership to a pool
  • A place to cool off: Especially if you’re in a warm climate and get a Texas pool loan


  • Debt: Adding another bill to pay and a higher debt-to-income ratio
  • Qualifications: Need to meet them in order to get the loan
  • Space: Takes up a lot of room in your yard
  • Safety: Need to ensure safety in and around the pool especially for children and pets
  • Insurance: Your homeowner’s insurance premium may increase

Pool Loan Alternatives

Some alternatives to swimming pool financing are:

  • Home equity loan: Take out a second mortgage and receive a lump sum to fund the pool costs
  • Home equity line of credit (HELOC): Get a revolving line of credit based on the equity in your home
  • Borrow the money: From friends or family
  • Above ground pool: Purchase this instead to save on costs
  • No private pool: Join a country club or goto a community pool instead of having your own pool


Pool loans can be found at a variety of different places, including online lenders, credit unions, and banks. Pool loans typically fall under the personal loan category and are unsecured loans that typically go up to around $50,000. However, they can also be HELOCs or home equity loans if you qualify and have enough equity in your home. Pools can add values to your house, but they do come with a lot of upfront costs and recurring maintenance so a pool loan can help with those costs.

Frequently Asked Questions(FAQ)

What is a good interest rate for a pool loan?

Pool loan rates really vary between lenders and loan types, as well as borrower qualifications, and loan amounts. Expect to get a rate anywhere from around 4 % to over 35%. A good rate would be anything under about 8%.

How many years is a typical pool loan?

Again, there are so many variables when it comes to pool loans, but typical swimming pool loans are between two and five years long. The length of the loan is often referred to as the loan term. The shorter the term, the higher your monthly payment, and the longer the loan, the lower your monthly payment.

What credit score is needed for a pool loan?

Different lenders have varying credit score requirements, but most lenders want to see a credit score at least in the mid 500s if not higher. If you want a higher loan amount, your credit score will need to be in the mid 600s or higher.

Related Loan Picks

About the Author

Allison Bethell

Allison Bethell

Real Estate Expert

Allison Bethell is a content writer, real estate investor, small business owner, and consultant. She has a B.A. from Villanova University in Sociology and Business. She also holds several graduate certificates in early childhood development, screenwriting, and contract law.

More about me