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Want a swimming pool loan? Three important things you should know before diving in!

Want a swimming pool loan? Three important things you should know before diving in!

All of us Aussies love to swim! As Summer approaches and your desire to have your own pool becomes a real want, here are our top  three things you should know.

 1. Budget for a pool

Sadly, pools aren’t cheap. Your final choice may be restricted by what you can afford. Here’s a rough guide to get you thinking and working on your budget.

Up to $8,000   –   Consider an above ground pool

Up to $25,000 –   Consider a fibreglass or vinyl below ground pool

Over $50,000  –   Consider a concrete below ground pool

Unfortunately that’s not the end of your expenses! Don’t forget to find out about other set up and ongoing costs such as:

  • Fencing – pool safety is a must!
  • Garden/paving/surrounds of pool
  • Water (both initial fill up and ongoing top up)
  • Cleaning/maintenance of pumps/filters/chemicals

As you can see there are a lot of costs involved with pools so make sure you really understand them by asking family/friends who already own one and also your pool contractor/builder. Your ongoing budget will always need a pool costs column

 2. Get A Good Pool Contractor/Builder

Like all things, there are good ones and there are bad ones. Make sure you:

  • Ask around for recommendations from family,friend,colleagues, neighbours etc
  • Get at least three quotes
  • Ask to speak to recent customers they installed a pool for
  • Check out the Department of Fair Trading in your state or territory and do an online check of the contractor/builder you are considering

 3. Be Efficient

It’s the way of the world now. We all need to be aware of what water and power we use and also our impact on the environment. Here are some ways you can be efficient and save:

  • Use a pool cover
  • Have timers on your pump and lighting
  • Consider solar energy
  • Consider water tanks

Yes, there’s lots to consider! It can be quite scary if you jump in blindfolded but by taking your time and doing your homework, a pool is FANTASTIC! Our top 3 reasons to have a pool are probably yours too! Take a look:

  • Pools are a great stress relief tool
  • They provide good exercise for all the family, rather than sitting inside in air conditioning
  • Everyone loves to be invited over for a swim – they are great entertainment for friends/family

If you have decided on getting a pool, remember Fair Go Finance is always here to help! Whether you need a small personal loan to help out with expenses or a larger loan, we would love the chance to help you towards your dream, (just don’t forget to put us on the invite list when you have your first Pool Party!) HAPPY SWIMMING!

swimming pool loan

Are you eligible to apply?

  • I’m 18 years or older
  • I’m employed (not self-employed)
  • I’m paid $500 or more a week into my bank account
  • My income is not solely from Centrelink
  • I’ve not entered into bankruptcy or part 9 agreement within the last 12 months

WARNING - DO YOU REALLY NEED A LOAN TODAY?*

It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.

Check your options before you borrow:
For more information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor.

Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan.
If you are on government benefits, ask if you can receive an advance from Centrelink.
https://www.humanservices.gov.au/individuals/online-help/centrelink/apply-advance-payment-your-centrelink-online-account

The Australian Government’s MoneySmart Website shows you how small amount loans work and suggests other options that may help you.

* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.