Personal loans are typically unsecured loans that you get from a financial institution or online lender that can be used for a wide-range of purposes, including a new pool. Unsecured loans are based on a person’s credit history and don’t require property to be used as collateral in order to secure the loan. Because these loans are for personal use, they are typically more flexible, have less stringent requirements and can be acquired fairly quickly, making them a good option for those looking to finance a pool, but do not want to use their house as collateral or do not have significant equity.
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