When determining if a pool loan is right for you, it is important to understand what to expect with a typical loan. While specific loan terms may differ depending on your needs and circumstances, generally speaking, most pool loans have a term length of 3-15 years, with interest rates anywhere from 3.5% to 20%.
Read on to learn more about typical pool loan terms. To get more information about specific loan terms, visit our partners, Lyon Financial and LightStream.