Optimise Property Values with Affordable Pool Financing

The size of the swimming pool works can be the major determinant of the most suitable lending product. A major new pool may best be financed with a Construction Loan which includes drawdown facilities. The funds required to pay tradespeople at the different stages – excavation, concreting, etc, are accessed when needed. Interest is only charged on the funds used. Where a pool construction company is handling the project, they will typically require a schedule of payments at designated stages.

Construction Loans can provide homeowners with an affordable option when meeting the eligibility criteria. The amount approved will be subject to the equity in the property and the loan to value ratio, LVR. Up to 95% of the project value may be borrowed, where criteria is met.

Smaller pool constructions, upgrades and repair work may be financed with a Personal Loan. When approved, this funding option provides a fixed repayment schedule over a fixed term. Allowing homeowners to budget their pool installation with other ongoing expenses.

Both types of loans attract a variable interest rate, which our brokers source at the lowest available to meet the individual’s profile and requirements.

Extra items may be required, and we can work to have the entire costs, including landscaping, included in the funding. Speak with us about your options.

• Construction Loans for new pools.
• Personal Loans for upgrades, rectification works.
• Individually sourced variable interest rates.
• Workable terms negotiated.

Installing a swimming pool is a major decision for homeowners and most will want an indication of financing costs prior to finalising design and plans with the pool builder. Our Finance Calculator allows homeowners to quickly estimate repayments on different loan amounts to assist with those critical decisions.

The calculator is fast and easy to use. The results are estimates, and quotes based on your credit profile and pool design, can be received with a quick call to one of our brokers.

• Quickly estimate swimming pool loans.
• Assist in planning pool design with finance estimates.
• Design your pool to suit your repayment budget.

Installing a swimming pool is a major decision and we provide homeowners with many advantages in regard to the financing. We streamline what can be a complex application and approval process by handling it entirely on behalf of our customers.

Pool ownership can be more accessible and affordable for more homeowners when financing the project through Jade. Our specialist skills and connections allow us to identify the right lender to suit the individual profile of each customer. Lender approval criteria varies across the market and applying to the lender that matches your profile, can be integral to the outcome. Unlike some pool companies that typically offer no choice of lender, we source the most affordable loan from our panel of 80+ lenders – including the major banks and non-bank lenders.

A greater increase in the property value may be realised through our track record of consistently achieving lower interest rate funding. The lower the rate, the lower the overall cost of the home improvement and the greater the nett property value increase.

With our personalised service we also work with our lenders to include any required landscaping and other extra costs in the loan. Working to achieve an optimum funding outcome with fast, streamlined approvals and settlement.

Get your pool installation underway with a call to us to start the funding process.

• Most suitable loan from 80+ lenders.
• Competitive rates, individually negotiated.
• Quick approval for quick start to the works.

As with all finance applications, homeowners will need to meet the approval criteria in regard to credit profile, financial situation, earnings and outgoings. In determining the deposit required and hence the loan amount to be approved for Construction Loans, lenders will be assessing the LVR and the equity held in the property. Down payments can vary between 5% and 50% depending on the equity held and individual financial positions. The size and scope of the project and the lending product – Construction Loan or Personal Loan, are also key determinants in the approval process.

Documentation for the project is required with the application. Council approved plans as DA usually required for installation of a new swimming pool but may not be required for upgrades and other works to existing pools.

Lenders require the plans from the pool builder with a payment schedule. Initial approval can be received based on the initial plans. Final approval is given when the fully approved plans are provided with the necessary builder insurance policy details. Depending on the size and scope of the works, lenders may assign their own valuer to assess the works at various stages.

Personal Loan applications for smaller sized projects require details of income, assets, liabilities and other financial documentation.

While it may sound complex, our brokers ensure the application process is streamlined and straightforward. Guiding customers through each stage and personally handling discussions with lenders.

Applications can be submitted online or over the phone, with our services available Australia-wide.

• Online and phone applications.
• Australia-wide services.
• Streamlined, straightforward process.