How Do I Finance an Inground Swimming Pool?

Installing an inground swimming pool is a major investment, and many homeowners naturally start by asking one key question:

How do I finance it? While some people pay for their pool using savings, most prefer a finance option that lets them start the project now and spread the cost over time.

Coast Life Pools & Spas now offers a simple pathway to finance through Handypay , giving homeowners access to low-rate, flexible swimming pool payment plans. This guide explains the main types of pool finance and how they compare, so you can choose an option that fits your budget and timeline.

When applying for finance through a bank, credit union, or lender, most loans fall into two broad categories: secured loans and unsecured loans .

A secured loan uses an asset—often your home—as collateral. This means the lender has a form of security if you fail to make repayments.

Why homeowners choose secured loans:

• Lower interest rates compared to unsecured loans
• Longer loan terms, which can mean lower repayments
• Ability to borrow against the equity in your home
• Often higher approval amounts to cover full pool project costs

Secured loans are common for inground swimming pool projects because they allow you to use the equity in your home to cover design, construction and landscaping in one borrowing package.

An unsecured loan does not rely on your house or any other asset as security. Because the lender takes on more risk, interest rates tend to be higher and loan terms shorter.

Unsecured loans may suit homeowners who:

• Do not want to use their home as security
• Prefer a simple, stand-alone loan rather than refinancing their mortgage
• Want a faster application and approval process
• Are clear on their budget and loan term

This is where a dedicated pool finance provider such as Handypay can be a strong option.

Coast Life Pools & Spas has partnered with award-winning finance provider Handypay to offer simple, low-rate payment plans for inground swimming pools. Handypay gives you the flexibility to start your pool project sooner and pay it off over time.

Key features of Handypay swimming pool payment plans include:

• $2,001–$100,000 available per applicant (subject to approval)
• Weekly, fortnightly or monthly repayments to match your pay cycle
• Flexible 1–7 year terms to suit your budget and goals
• No monthly account fees or early exit fees
• Quick online application where you can get a rate estimate in minutes with no impact on your credit score for the estimate

Once approved and verified, Handypay can settle funds in as little as 24 hours, so your pool build can move ahead without long delays.

If you are unsure which option suits your situation, you can follow two simple steps to narrow things down.

If you own a home, speak with your bank or mortgage broker to understand your current equity and borrowing capacity. Ask about:

• How much equity you have in your property
• Whether a home equity loan or line of credit is available
• What interest rates and fees would apply
• What the repayments would look like over different loan terms

You may qualify for a secured loan with a competitive rate and longer term, which can help keep repayments comfortable.

If using home equity is not suitable or you prefer to keep your mortgage separate, consider unsecured finance options such as Handypay.

When comparing unsecured loans, look at:

• The maximum loan amount available
• Interest rate, comparison rate and any establishment fees
• Repayment frequency (weekly, fortnightly or monthly)
• Available terms (for example 1–7 years)
• Any extra fees or charges for paying the loan out early

Handypay's fixed-rate structure and flexible repayment schedule can make it easier to plan your pool budget and manage cash flow without linking the loan directly to your home.

A well-designed inground swimming pool is more than something fun for the family; it can also be an attractive feature when you choose to sell. A quality pool can:

• Enhance your outdoor living space
• Improve the overall appeal of your property
• Increase buyer interest in a competitive market

While every property and local market is different, many lenders recognise that a pool can add value and boost the marketability of your home.

The information in this article is general in nature and should not be taken as financial advice or a recommendation. Your personal situation, income, expenses and goals are unique, so it is important to:

• Seek independent advice from a qualified financial professional
• Speak directly with lenders about their products, rates and fees
• Carefully review all loan documents before you commit

Coast Life Pools & Spas is committed to making the process as smooth as possible. If you're planning your dream inground pool, Handypay's swimming pool payment plans give you the option to:

• Spread repayments over time
• Avoid a large upfront payment
• Start enjoying your new pool sooner

To learn more or begin your application, visit our dedicated finance page:
https://www.coastlifepools.com.au/swimming-pool-loan-finance