Ready to take a dip in your own swimming pool but not prepared to take the hit to your wallet? You're not alone. According to Money, the average in-ground pool costs $21,919 for a basic set-up. The cost of an above-ground model can easily reach $5,000 and averages $2,800. Unless you have substantial savings, it is unlikely you are prepared to sink that much cash into a project at one time. However, your pool fantasy doesn't have to end just because you want to keep your cash handy. A variety of financing options from home improvement loans to credit card financing exist for the swimming pool of your dreams.

One of the lowest risk ways to finance a pool when you have good credit is to use a low-interest credit card or a promotional financing offer on an existing credit card to pay for its construction. Many of these offers take the form of 0% interest for a set period of time. For example, the HSBC Gold Mastercard offers new signups a 0% APR for 18 full months after opening the account. With an above-ground pool costing $5,000, monthly payments of less than $300 would have you pay off the balance before back interest applied. On a full in-ground project, the monthly payment required jumps to $1,222.

A second option is a home improvement loan or a home equity loan. Annual percentage rates on a Discover home equity loan can range from 3.99% to 11.99% depending on your credit worthiness. However, the loan minimum is $35,000. This makes this loan more reasonable when you are undertaking pool construction as part of a larger yard improvement or landscaping project that would up the overall price. You could also take out the loan and apply the additional funds to other home improvement efforts, such as a kitchen or bathroom remodel, or consolidation of existing debt. Terms are for 10,15, 20 or 30 years, and a fixed monthly repayment is used. Be advised when you choose the option that your home is on the line. If your reason for financing a swimming pool is because you can't afford it, obtaining additional debt could be problematic.

At Lending Club, you can obtain a personal loan to finance the construction of a swimming pool up to $40,000. The personal loan options allows you to apply instantly and online without the backup documentation or approval process a home equity loan necessitates. If you have solid credit and income, you can obtain the lower 6.95% annual interest rate Lending Club provides. For those with less credit to back them up, loan rates can explode to 35.89%, meaning an accelerated repayment plan is needed if you do not want to end up paying way more for your pool in the long run. Lending Club does allow for prepayment without penalty in order to lower the overall costs of your loan. The loan can also be obtained unsecured, meaning you do not have to put up collateral, such as your home, a car or other assets to manage financing.