Important disclosure

Swimming Pool Loans & Finance

Do you want a new swimming pool? You do not have to wait to realize this dream. South African lenders stand ready to assist you to get your new swimming pool up and running.

All you have to do is input the loan amount required based on your estimate and move the filter to the duration you want the loan for. The monthly payment will then be populated for you after you click calculate.

Calculate repayments

Go through Fincheck's online application to get matched with personal loan provider that's best suited to your credit score and personal circumstances. Easy online application.

Overview

Minimum monthly incomeR4,000

Minimum term (months)12 months

Interest rate16.00%

Personal loan APR16.00%

EST monthly repayment (approx)R815

Total repayment amount (approx)R29,340

Total interest & fees paid (approx)R9,340

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

GO TO MoneyShop

Other Fees & Information

Monthly feeR69.00

Other feesR0.00

Redraw facilityn/a

Repayment scheduleMonthly

Early repayments allowedYes

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored Yes

Data accurate as of26.10.2020

GO TO MoneyShop

Hide info -

A cash loan from R2 000 up to R250 000. Fast, paperless application process. Decision in seconds. Cash in your account within 24 hours. Flexible repayment options; choose from 12 to 60 months. Free monthly statement via email or SMS. Customer Protection Insurance. Interest from as low as 15%. Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.

Overview

Minimum monthly incomeR2,000

Minimum term (months)12 months

Interest rate15.00%

Personal loan APR15.00%

EST monthly repayment (approx)R796

Total repayment amount (approx)R28,656

Total interest & fees paid (approx)R8,656

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR936.50

GO TO RCS

Other Fees & Information

Monthly feeR69.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored Yes

Data accurate as of18.01.2020

GO TO RCS

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Loans up to R250,000. Terms between 7 months and 72 months. Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.

Overview

Minimum monthly incomeR4,000

Minimum term (months)7 months

Interest rate15.00%

Personal loan APR15.00%

EST monthly repayment (approx)R805

Total repayment amount (approx)R28,980

Total interest & fees paid (approx)R8,980

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

GO TO African Bank

Other Fees & Information

Monthly feeR69.00

Other feesUnknown

Redraw facilityNo

Repayment scheduleMonthly

Early repayments allowedYes

Missed payment feeUnknown

For debt consolidation?No

Sponsored Yes

Data accurate as of18.01.2020

GO TO African Bank

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It is easy to apply for a Bayport personal loan of up to R250,000 with our simple online loan application process and personalised service. Once you have registered, all it takes is a minute, to find out if you qualify for a Bayport personal loan. Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.

Overview

Minimum monthly incomeR4,000

Minimum term (months)6 months

Interest rate15.00%

Personal loan APR15.00%

EST monthly repayment (approx)R805

Total repayment amount (approx)R28,980

Total interest & fees paid (approx)R8,980

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

GO TO BayPort

Other Fees & Information

Monthly feeR69.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored Yes

Data accurate as of18.01.2020

GO TO BayPort

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A personal loan from R1000 up to R250 000. Fast, paperless application process. Decision in seconds. Cash in your account within 24 hours. Flexible repayment options; choose from 12 to 60 months. Fixed monthly repayments. Free monthly statement via email or SMS. Optional Customer Protection Insurance. Interest from as low as 15%. Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.

Overview

Minimum monthly incomeR5,000

Minimum term (months)12 months

Interest rate15.00%

Personal loan APR15.00%

EST monthly repayment (approx)R805

Total repayment amount (approx)R28,980

Total interest & fees paid (approx)R8,980

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

GO TO DirectAxis

Other Fees & Information

Monthly feeR69.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Missed payment feeUnknown

For debt consolidation?No

Sponsored Yes

Data accurate as of18.01.2020

GO TO DirectAxis

Hide info -

MoneyShop find the best loan suited to your profile with SA’s top loan providers. They have partnered with SA’s top personal loan providers to make your online application process quick and easy! Have a regular income of more than R4,000, bank statements and your SA ID? Apply online today.

Overview

Minimum monthly incomeR4,000

Minimum term (months)12 months

Interest rate15.00%

Personal loan APR12.90%

EST monthly repayment (approx)R805

Total repayment amount (approx)R28,980

Total interest & fees paid (approx)R8,980

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

GO TO MoneyShop

Other Fees & Information

Monthly feeR69.00

Other feesR0.00

Redraw facilityn/a

Repayment scheduleMonthly

Early repayments allowedYes

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored Yes

Data accurate as of26.10.2020

GO TO MoneyShop

Hide info -

Go through Fincheck's online application to get matched with personal loan provider that's best suited to your credit score and personal circumstances. Easy online application.

Overview

Minimum monthly incomeR4,000

Minimum term (months)12 months

Interest rate16.00%

Personal loan APR16.00%

EST monthly repayment (approx)R815

Total repayment amount (approx)R29,340

Total interest & fees paid (approx)R9,340

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

GO TO MoneyShop

Other Fees & Information

Monthly feeR69.00

Other feesR0.00

Redraw facilityn/a

Repayment scheduleMonthly

Early repayments allowedYes

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored Yes

Data accurate as of26.10.2020

GO TO MoneyShop

Hide info -

MoneyShop find the best loan suited to your profile with SA’s top loan providers. They have partnered with SA’s top personal loan providers to make your online application process quick and easy! Have a regular income of more than R4,000, bank statements and your SA ID? Apply online today.

Overview

Minimum monthly incomeR4,000

Minimum term (months)12 months

Interest rate24.75%

Personal loan APR24.75%

EST monthly repayment (approx)R910

Total repayment amount (approx)R32,760

Total interest & fees paid (approx)R12,760

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

GO TO MoneyShop

Other Fees & Information

Monthly feeR69.00

Other feesR0.00

Redraw facilityn/a

Repayment scheduleMonthly

Early repayments allowedYes

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored Yes

Data accurate as of26.10.2020

GO TO MoneyShop

Hide info -

Loans available from R2 000 to R300 000*. Flexible repayment periods from 6 up to 72 months. Monthly repayments debited from your bank account. The best possible interest rate that we can offer you. Easy online loan application process. Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.

Overview

Minimum monthly incomeR3,500

Minimum term (months)6 months

Interest rate24.75%

Personal loan APR24.75%

EST monthly repayment (approx)R910

Total repayment amount (approx)R32,760

Total interest & fees paid (approx)R12,760

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

GO TO Nedbank

Other Fees & Information

Monthly feeR69.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored Yes

Data accurate as of12.07.2020

GO TO Nedbank

Hide info -

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CompareLoans.co.za provides factual information in relation to financial products. While CompareLoans.co.za attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on CompareLoans.co.za is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with CompareLoans.co.za. CompareLoans.co.za recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information please see CompareLoans.co.za's Terms of Use and Services Guide.

Minimum and maximum loan periods vary between 1 months and 10 years. Comparison interest rates vary between 6.55% and 60% p.a. Total interest repayments vary between R685.05 and R844.12 over the life of the loan. *Comparison rate is based on an unsecured loan of R20,000 for a term of 3 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

What type of loan are you looking for?

Swimming pool loan calculator

Do you have a swimming pool on your home improvement list? A swimming pool loan can help you tick off that achievement more quickly than waiting on your savings. That means you get to upgrade your outdoor surroundings so you can relax in style while paying for the beautiful addition at a steady pace.

Before you sign off on the pool loan agreement, we recommend that you use our monthly repayment calculator to find an affordable solution to your leisure and refreshment needs. Keep reading for a full breakdown of how this pool loan calculator works and how you can use the results to budget for your outdoor retreat.

How does the swimming pool loan calculator work?

The pool loan calculator from CompareLoans.co.za shows you the estimated monthly instalment for any loan amount and loan term you choose. Here’s how it works in 3 easy and short steps:

Select the loan amount

How much are you planning to borrow? You might have already received a quote from a contractor. Enter this amount using the appropriate sliding tool. Personal loan amounts start from R2000 and go up to an average of R250 000. However, the amount you qualify for depends on your monthly income and expenses as well as your credit score.

Choose the loan term

How many months do you need to pay off your pool loan? This is your loan term, and it will affect the total cost of your loan. When you choose a longer payback period, your monthly payments automatically become smaller.

However, smaller monthly repayments also mean that the total paid interest on your loan increases. If you want to keep your pool loan cheap, the best way is to choose the shortest loan term possible.

Calculate

After inputting the two numbers for your loan amount and term, click “Calculate Repayment.” The swimming pool loan calculator will instantly display your monthly payment. However, please note that the result is only an estimate. After submitting your swimming pool loan application, the actual offer you get is subject to credit approval and other factors.

How can you make your monthly payment more affordable?

  • Make a deposit. You can partially finance your pool by making up the difference with any savings you might have. The larger your pool loan deposit is, the less you have to pay per month, or over the life of your loan.
  • Choose a longer loan term. If you’re a home-owner installing a pool, then chances are you plan to enjoy the pool for many years to come. Choosing a longer pool loan term gives you more comfortable repayments that leave extra room in your budget for other home improvement expenses. However, try and keep a balance between reduced monthly payments and increased interest costs by avoiding a loan term that’s too long.
  • Compare loans. Go through our comparison tables to find a lender that offers relatively cheap swimming pool loans. That can mean a low interest rate, low fees and charges, or discounts that reduce the amount you have to pay back.
  • Shop around for the best quote. You can improve your negotiating power with contractors by asking them to match any quotes you might already have. A cheap quote from a reputable contractor allows you to borrow less, which keeps your monthly payments low.
  • Choose a loan amount you can afford. Financing a pool is one of those home improvement projects that requires an expensive investment. That being said, it is best to control the size of your project so that it aligns with your budget.

Advantages of using the pool loan calculator

  • You get to plan wisely about how the loan will be used. This easy-to-use calculator uses basic information about your loan to give you useful results. This, in turn, helps you to narrow down your pool loan options.
  • It helps you choose the right lender. The calculator gives you results for multiple lenders at once. By looking at the results that appear in the comparison tables, you can see what different lenders offer for a particular loan in terms of monthly payments. The good thing is you can carry out a quick comparison in just minutes as the calculator displays fast results.
  • You are better able to choose the best deal available for you. Calculating the total cost of your loan gives you the bigger picture when it comes to what you can afford. Once you have an idea of your loan’s monthly costs simply multiply the result with the number of months in your term to get the estimated total cost of getting pool finance.
  • Can potentially improve your credit score. Choosing an affordable monthly payment via the loan calculator helps you to avoid financial problems later on. When you can afford your pool loan payments, you become a responsible borrower, and this can improve your credit score.

The next step after using the loan calculator

After using the swimming pool loan calculator to compare your financing options, the application process awaits you. Like the calculator, this next step is carried out online and can be easily completed within minutes. Going back to our comparison tables, simply click “Go to Site” for your chosen lender so you can move on to their website and fill in their application form. The general requirements for the pool loan application process are as follows:

  • Valid copy of South African ID;
  • Bank statements and payslips for proof of income;
  • A good or excellent credit score;
  • 18 years and above; and
  • Proof of residence.

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