Best Overall Choice:
1
our #1 pick
Credible
- Max Loan: $200,000
- APR: 6.94% - 35.99%
- Loan Terms: 12-120 months
Credible Highlights
- Click "GET MY RATE" to find your unique personal loan rate on Credible's site, secured with 256-bit encryption
- Personalized rates from up to 16 vetted lenders in 2 minutes, ranging from 6.94% - 35.99% APR, all for free
- Credible is best for those who value dedicated customer service throughout the loan process
- Credible will give you $200 bonus if you close with a better rate elsewhere. Terms Apply
- Outstanding customer service to help with your loan requests
- No impact to your credit score to check personalized rates ⓘ
*See
Credible’s site for full Terms & Conditions on the personal loans “best rate guarantee” deal. ⓘ Requesting prequalified rates on Credible is free and doesn't affect your credit score. However, applying for or closing a loan will involve a hard credit pull that impacts your credit score and closing a loan will result in costs to you. Personal Loans Rate and Terms Disclosure: “Rates for personal loans provided by lenders on the Credible platform range between 6.94% - 35.99%. APR with terms from 12 to 120 months. Rates presented include lender discounts for enrolling in autopay and loyalty programs, where applicable. Actual rates may be different from the rates advertised and/or shown and will be based on the lender’s eligibility criteria, which include factors such as credit score, loan amount, loan term, credit usage and history, and vary based on loan purpose. The lowest rates available typically require excellent credit, and for some lenders, may be reserved for specific loan purposes and/or shorter loan terms. The origination fee charged by the lenders on our platform ranges from 0% to 12%. Each lender has their own qualification criteria with respect to their autopay and loyalty discounts (e.g., some lenders require the borrower to elect autopay prior to loan funding in order to qualify for the autopay discount). All rates are determined by the lender and must be agreed upon between the borrower and the borrower’s chosen lender. For a loan of $10,000 with a three year repayment period, an interest rate of 7.99%, a $350 origination fee and an APR of 10.43%, the borrower will receive $9,650 at the time of loan funding and will make 36 monthly payments of $313.32. Assuming all on-time payments, and full performance of all terms and conditions of the loan contract and any discount programs enrolled in included in the APR/interest rate throughout the life of the loan, the borrower will pay a total of $11,279.43. As of March 3, 2022, none of the lenders on our platform require a down payment nor do they charge any prepayment penalties.
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About Swimming Pool Loans
Pool loans are actually classified as “personal loans”, often called “unsecured personal loans.” These are loans that are issued to individuals based on their creditworthiness. One of the best things about personal loans is that there is no collateral involved. You don’t have to use your house, car, or any other asset to receive a personal loan.
“Pool loans” are still considered personal loans. Using a personal loan to finance an in-ground swimming pool, is a savvy idea.
If you use a personal loan to build a pool, you’ll keep money money in your pocket, because personal loan APR is so low, even when compared with mortgages.
We spent 500+ hours searching for the best pool loans of 2021, because not all loans are made equal. Many shady online lenders have high variable rates and lots of hidden fees. None of the lenders on this page have hidden fees, and all are highly rated and respected.
What Pools Are Eligible for a Loan?
All types of pools are eligible for a personal loan! Some of the most popular types of pools finances with loans include:
- In-ground swimming pools
- Waterfall backyard pools
- Infinity swimming pools
- Swimming pools with an attached jacuzzi
- Virtually any other type of pool
If you’re building a pool with a private party, and no financing is available, a swimming pool personal loan is definitely your best choice.
How a Pool Loan Will Actually Boost Your Credit Score
One of the most common misconceptions about getting a personal loan for a pool is that it will somehow negatively effect your credit score.
This is not true. Even if you have good/excellent credit, a personal loan will boost you closer to a 850 credit score, because the major credit bureaus view timely loan repayments very positively.
Best Overall Choice 2021