What is an unsecured swimming pool loan?
Unsecured Swimming Pool Loans
Unlike an unsecured personal loan that can be used for any purpose, swimming pool loans are designed specifically for financing major home remodels, renovations, swimming pools and the like. They are usually for projects exceeding $25,000 and offer desirable rates and extended loan terms (up to 20 years) so borrowers will have affordable monthly payments. These loans do not require property as loan collateral. Instead, the lenders look at a borrower’s ability to pay (income and debt) and creditworthiness (credit scores).
Pool Loan Fees
Loan terms, including fees, vary and change frequently. It’s important to consider all loan terms when comparing loans, including rate, term, loan amount and fees, if applicable. Your Viking Capital representative will disclose all terms for comparison and so you can make an informed decision.
I’m not sure how much my pool will cost, should I still apply?
Not Sure How Much You Need To Borrow?
Yes. We can start the loan process even if you are unsure of your project cost. You can estimate the cost or provide us the amount you have budgeted for your project. Your Viking Capital representative will advise you on your loan options, including the monthly payment amount you can expect to pay with your estimated loan amount.
How are the funds disbursed?
How Funding Disbursements Work
Some loans will disperse the entire loan amount into your account at the completion of the loan process. Other loans make disbursements directly to your contractor/builder at pre-defined work milestones, per your contract, that you acknowledge as complete.
How long does the loan process take?
In some cases, a loan approval and disbursement of funds can occur in one day – even the same day! However, some loans require documentation from the borrower as proof of eligibility. So as the borrower, you can impact the process timeline. Be assured, Viking Capital has a great processing team who works with each borrower and lender to expedite the loan process.
Do you offer military discounts?
Yes! We offer discounts for those on active duty or in the reserves of the military, this also applies to anyone related to someone who meets that criteria. We offer special pool loans for veterans helping them get the pool of their dreams.
How is Viking Capital different than a bank or other lender?
Established in 1999, Viking Capital is a family-owned business proudly helping homeowners invest in their homes to improve their quality of life. Viking Capital acts in the capacity of “consultant”, working with lenders to pair homeowners nationwide with the most desirable swimming pool/home improvement financing options available. Once your application is submitted, one of our loan consultants will help you select the best loan for your needs and qualifications.
Which states do you work in?
We work in all 50 states of the United States.
What rates and terms do you offer?
Rates are dependent on the individual applicant’s credit profile. We offer terms up to 20 years.
How much will my monthly loan payment be?
Your monthly loan payment is dependent on the following: Credit profile, term, and loan amount. Check out our Loan Calculator page to figure out what your monthly payment might be.
How do I apply?
Simply apply online to receive your free loan consultation within 1-2 business days. We only do a soft credit pull, so it does not hurt your credit. There’s no obligation to move forward.
I just applied for a loan. What can I expect?
Thank you for applying with Viking Capital! We’ll run a soft credit pull that won’t hurt your credit, and one of our loan consultants will contact you within 1-2 business days for your free loan consultation. Check out this short video to learn more.
