Financing Options for Your Dream Pool: Making Your Oasis a Reality

01 Apr Financing Options for Your Dream Pool: Making Your Oasis a Reality

Dreaming of owning an Oasis Pool but concerned about the cost? Don’t let the price tag hold you back. There are plenty of smart ways to finance a pool and bring your backyard vision to life.

A pool is one of the most rewarding investments you can make in your home. It adds lifestyle value, boosts property appeal and creates a space where memories are made. But like any major project, it comes with a financial commitment. The good news? You don’t have to pay for everything upfront.

In this article, I’ll take you through the main pool financing options available in Australia. Whether you’re just starting your research or already working with a pool builder, understanding how pool finance works gives you the confidence to move forward.

At Oasis Pool Constructions, we don’t just design and build pools – we help you make them achievable. Our team can walk you through the process and connect you with the option that is right for you. 

Key Takeaways

• Pool financing in Australia is flexible and accessible, even for first-time borrowers
• You can choose between unsecured personal loans, home equity loans, pool-specific finance or builder payment plans
• Approval depends on your credit score, income and financial history
• Interest rates vary, so it’s important to shop around and understand the loan terms
• Oasis Pool Constructions can support you at every step, from design to finance

 

Thinking about building a pool? Call 07 5649 9810 or get in touch with Oasis Pool Constructions for a consultation. We’ll help you understand your options.

Understanding Your Pool Financing Needs

Before you look at loan options, it’s important to get clear on what you need. This means understanding the true cost of your project and how much you’re comfortable borrowing.

Start with a Complete Budget

A common mistake is budgeting only for the pool shell. In reality, pool construction includes approvals, excavation, plumbing, tiling, equipment and finishing touches like lighting or heating. You’ll also need to factor in landscaping, fencing and long-term maintenance. If you’re unsure where to begin, our team can walk you through a typical budget based on your design preferences and site layout. In the meantime, take a look at this blog to understand the variables affecting your pool building costs. 

Calculate How Much You Need to Borrow

Once you’ve priced the project, subtract any savings or contributions you’re willing to use. The remainder is your loan amount. Borrowing too little could leave you short during construction. Borrowing too much could mean higher repayments. Aim for a balanced figure based on your comfort level and long-term financial goals.

Consider Repayment Options Early

Lenders will give you choices around how long you want to repay the loan. A longer term spreads out the cost and lowers your monthly repayments, but you’ll pay more in interest overall. A shorter term means higher repayments but less interest in the long run. Knowing your ideal repayment window makes it easier to narrow down the best loan for your situation.

What is the Best Option to Finance a Pool?

There are a few ways Australians finance pool projects. The right choice depends on your budget, the value of your property, your credit rating and how much flexibility you need.

Unsecured Personal Loans

 
This is a straightforward option for smaller to mid-sized pools. You borrow a fixed amount, repay it over a set term and don’t need to provide any security.

Pros:

• No risk to your home or assets
• Fast approval, often within 1–2 days
• Predictable monthly repayments

 
Cons:

• Higher interest rates than secured loans
• Shorter loan terms
• Lower maximum borrowing amounts

 
Unsecured personal loans are great for simple projects or if you have good credit and want fast access to funds.

Secured Loans (Home Equity)

 
If you own your home and have equity built up, a secured loan like a home equity loan or line of credit may be a better fit.

Pros:

• Lower interest rates
• Higher borrowing limits
• Flexible repayment terms

 
Cons:

• Slower approval process
• Higher risk if you can’t meet repayments

 
This option suits homeowners with stable income and a long-term plan to stay in the property. You can use the equity to fund a high-end pool, extensive landscaping or even a complete outdoor living upgrade.

Pool-Specific Loans

Some lenders offer loans tailored to pool construction. These are often unsecured but designed with the pool building process in mind.

Benefits:

• Lenders understand the costs and timeline of a pool project
• Some offer staged payments directly to the builder
• Competitive interest rates if you have good credit

Our Swim Now, Pay Later Plan

At Oasis Pool Constructions, we want to make it easy for you to enjoy your new pool without financial stress. That’s why we offer a Swim Now, Pay Later pool payment plan, powered by Handypay.

This plan is designed to take the pressure off your budget by covering the upfront cost and letting you spread repayments over time. It’s quick, easy and tailored to suit your income.

Here’s how it works:

• Click Get Started and get a decision in seconds — no waiting around
• Once approved, Handypay pays the upfront cost of your pool installation
• Repayments are set up in line with your pay cycle for convenience

 
It’s a smart way to get started on your dream pool without dipping into savings or taking out a traditional loan.

Can You Get Finance for a Pool in Australia?

Yes!

And, we’ve noticed more and more homeowners are doing it every year. Banks, credit unions and specialist lenders offer loans for pool construction, often with terms that fit most budgets.

What Affects Your Loan Approval?

 
Every lender assesses risk differently, but most will consider:

Credit score: A higher score improves your chances of approval and better interest rates
Income and employment history: Lenders want to see stable earnings and reliable work
Debt-to-income ratio: They’ll check how much of your income already goes towards debt repayments
Loan amount and purpose: Clear documentation of your pool project helps

By understanding what lenders look for, you’ll be better prepared to present a strong application and secure the financing you need to build your dream pool.

Tips to Improve Your Chances

 
If you’re keen to boost your chances of loan approval – or secure a better rate – there are a few simple steps you can take before applying:

• Check your credit report for errors and fix them
• Pay down existing debt before applying
• Don’t apply for multiple loans at once – it can lower your credit score
• Get a written quote or invoice from your pool builder to support your application

 
If you’re working with us at Oasis Pool Constructions, we’ll provide detailed project documentation to make the finance process smoother.

What is the Average Interest Rate for a Pool Loan?

When it comes to financing a pool, not all interest rates are created equal. In fact, rates can vary quite a bit – and understanding what affects them can save you thousands over the life of your loan.

Here are the main factors that influence pool loan interest rates:

Type of loan:
Unsecured personal loans usually come with higher interest rates because the lender takes on more risk – there’s no collateral backing the loan. Secured loans, such as those using your home equity, tend to have lower rates since your property acts as security.

Creditworthiness:
Lenders will assess your credit score, financial history and debt-to-income ratio to determine how risky you are as a borrower. If you have a strong credit score and minimal debt, you’re more likely to qualify for a lower rate.

Lender differences:
Banks, credit unions and online lenders each have different lending criteria, interest rate ranges and risk tolerance. That’s why it’s worth shopping around and comparing several offers before committing.

Loan amount and term:
Larger loans or those spread over a longer period may come with different interest rates. In general, a longer loan term can mean a higher total interest paid, even if the rate seems low.

Market conditions:
Interest rates also shift with the broader economy. When inflation is high or the Reserve Bank of Australia increases the cash rate, lenders often follow suit by raising interest rates on loans.

Because of all these factors, it’s common to see advertised rates that start low, but jump significantly depending on your personal circumstances. That’s why the comparison rate, which includes most fees and charges, is the best way to compare offers.

In short, interest rate variability is normal, but it pays to understand what affects it. Doing your homework can help you secure a rate that makes your pool project more affordable in the long run.

Unsecured Personal Loans: Interest rates typically range from 6% to 16%*. The better your credit, the lower your rate. Shorter terms also attract lower interest.

Secured Home Equity Loans: Rates generally fall between 4% and 10%*, depending on your equity and the lender. You’ll often have access to larger sums and longer terms with this option.

*Interest rates accurate as at April 2025

Fixed vs Variable

• Fixed rate loans keep your repayments consistent, which helps with budgeting
• Variable rate loans can go up or down over time, potentially saving you money – but with some risk

 
Always look at comparison rates, which include fees, to get a clearer picture of the true cost of the loan.

Exploring Specific Financing Options in Australia

You’ve assessed your budget, calculated your loan amount and explored your options, now it’s time to shop around for the right lender. Here are some of the most common financing options available to Australian homeowners:

Major Banks

Most large banks like Commonwealth Bank, ANZ, Westpac and NAB offer personal and home equity loans that can be used for pools. They often have online calculators to help you estimate repayments.

Credit Unions

Organisations like CUA, People’s Choice Credit Union or Greater Bank can provide competitive rates and more flexible lending criteria. They’re a great option if you prefer personalised service.

Online Lenders

Digital lenders such as Plenti, Harmoney and NOW Finance offer fast applications and approvals. If you value convenience and want to compare multiple loan offers quickly, this is a good place to start.

Government Support

While there are no pool-specific grants in most areas, some local councils offer rebates for eco-friendly upgrades. For example, installing a solar pool heater or an energy-efficient pump may qualify. We’ll let you know what’s available in your area when we quote your pool.

Tips for Choosing the Right Pool Financing Option

From the Gold Coast to Brisbane, we’ve seen firsthand how different families approach pool financing. Some want quick approvals and smaller loans, while others need long-term plans that match their evolving lifestyle. There’s no single approach that fits everyone, which is why we take the time to guide you through your options.

Here are our top tips when choosing the right pool finance option for your situation:

• Compare more than just interest rates – look at the full picture, including fees, repayment flexibility and the total amount you’ll pay over time
• Understand the loan term – shorter terms mean higher monthly payments but less interest in the long run
• Look out for hidden costs – things like establishment fees, early exit fees or late payment penalties can add up
• Be realistic about your budget – your pool is an investment, but you want to enjoy it without financial strain
• Ask questions – and if you’re unsure, get advice from a trusted lender or financial adviser who understands construction loans

 
We’ll support you through the whole process. From the first sketch of your pool design to the final pour of concrete, we’ll make sure you feel informed and confident every step of the way.

Want expert advice from a team that’s done it all before? Call 07 5649 9810 or get in touch and ask us your pool financing questions – we’re always happy to help.

Oasis Pool Constructions: Helping You Achieve Your Dream Pool

We’ve been building custom pools across South East Queensland for over 20 years from the Gold Coast to Brisbane. Over that time, we’ve helped many families bring their dream pools to life, and we know that finance is often the deciding factor.

At Oasis Pool Constructions, we’re here to make that part easier. Whether you’re just starting to explore your options or ready to build, we’ll guide you through the process and connect you with financing solutions that suit your needs.

When you choose us, you’re not just getting a builder. You’re getting a partner who:

• Helps you budget realistically
• Offers flexible payment options
• Can connect you with pool-savvy lenders
• Communicates clearly throughout the process

 
We’re proud of the trust our clients place in us and we’re here to help you every step of the way.

Making It Happen

Building a pool should be exciting, not stressful. With smart financing, expert support and a clear plan, you can enjoy the process and look forward to a space that adds real value to your life.

Take the time to:

• Plan your budget properly
• Explore all your loan options
• Compare offers carefully
• Seek advice from people who know what they’re doing

 

Ready to get started? Contact Oasis Pool Constructions on (07) 5649 9810 or via email at [email protected] today for a pool consultation. Whether you’re in the early planning stages or ready to build, we’ll help you make it happen.