FAQs

Where additional works such as landscaping are required with the pool installation, lenders may include all costs in the one funding package. This is subject to individual lender guidelines.

A personal loan may be approved to finance pool upgrades such as new solar systems.

The total loan amount approved is subject to lender guidelines. Credit profiles and financial position are assessed in approving applications. Equity in the home is considered. For some borrowers, up to 95% of the project may be borrowed.

LVR stands for loan to value ratio. This is the amount of the funding requested in reference to the entire cost or value of the home improvement.

Swimming pools may be financed with a Construction Loan or Construction Mortgage or through a Personal Loan. The size and scope of the project can determine the most suitable funding option.

Pool financing options are typically arranged with a variable interest rate.

Funding with a drawdown facility allows the borrower to draw down on or access, the funds needed to pay builders and other tradespeople at the different stages of the project.

The scope and size of the pool build may determine if a Construction Loan or a Personal Loan is the most suitable option.

Initial approval may be received based on initial plans. Final approval will require council approved plans and builder’s contracts.

Homeowners will need to provide council approved plans, builder contracts, and their financial information to apply for pool funding.