Personal Loans

Hot Tub Financing: Cozy Up With These Funding Options

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Whether you need a post-workout muscle relaxant or enjoy soaking under the stars, owning a hot tub can come with enjoyable benefits. A luxury hot tub might also contribute to your home’s resale value.

If you want a soft-side inflatable hot tub that you can set up yourself, you could pay less than $500. But if you’re looking to get an acrylic hot tub, you could pay $11,000 to $16,000,  according to HomeAdvisor — and that’s not including installation.

Depending on your budget, available savings and credit score, you may need to consider hot tub financing to make your dreams come true.

Where to find hot tub financing

Personal loan lenders

If you have good credit, applying for an unsecured personal loan could be your best bet for getting favorable interest rates and terms, as well as higher lending limits. This type of loan has few restrictions on how you may use the funds, and you don’t need to put up any collateral.

Here are two lenders you may consider, but we encourage you to seek out other lenders you may qualify for. You can often apply with a soft credit check to get a feel for the terms you could end up with, but also consider each lender’s fee structure.


APR Range Loan amount Terms Origination fee
4.99%–19.99% $5,000 to $100,000 24 to 144 months No origination fee


LightStream specifically offers hot tub financing. To qualify for its interest rates, which start from 4.99%, you will need good credit. Terms range from 24 to 144 months, but we recommend you repay your debt ASAP to minimize costs.

The fixed-rate unsecured loan has no fees or home equity requirements. An appraisal won’t be required either. If approved, you could receive funds — from as little as $5,000 — on the day you apply.

LightStream advertises that it will beat rates (by .10 percentage points) offered by competing lenders, provided certain terms are met.

Marcus by Goldman Sachs®

APR Range Loan amount Terms Origination fee
6.99%–19.99% $3,500 to $40,000 36 to 72 months No origination fee


A home improvement loan from Marcus by Goldman Sachs comes with a lower minimum borrowing limit compared to LightStream. That may be worthwhile for homeowners looking to spend less on a hot tub. On the flipside, you’ll need to borrrow for a minimum of 36 months.

Interest rates range from 6.99% to 19.99% APR and depend on your overall creditworthiness. For prime borrowers, that means this may be a more expensive financing option compared to LightStream.

If you qualify for a fixed-rate loan, you could receive your funds within five days. There are no fees, and no home appraisal is required.


If you pursue in-store financing from a hot tub dealer, you may be offered competitive promotions or holiday-specific deals. Here are a couple options:


Beachcombers, which mainly has locations along the East and West coasts, offers hot tub financing with biweekly payments starting at $22.92, depending on the model you choose.

The company sometimes offers promotions, such as no payments and 0% interest for six months. This provides you extra time to save. As with financing from LightStream and Marcus by Goldman Sachs, there are no penalties for paying off your hot tub early.

Sundance Spas

Sundance Spas offers hot tub financing through the Wells Fargo Outdoor Solutions Credit Card. Not all its dealers offer this financing, so check to make sure yours does. The company has authorized dealers in 47 states.

The purchase APR for this card is 28.99%. A down payment may also be required. Sundance Spas also offers promotions, though you need to be aware of deferred interest. If you do not pay off the full balance within a promotion, interest will be charged going back to your purchase date. You should consider other options if you can’t pay off the balance in time.

American Pool and Spa

American Pool and Spa, which is based in Kentucky, works with two companies to offer financing. Eligibility is based on credit rating and other criteria:

  • HFS Financial Services offers secured and unsecured loans ranging between $2,000 and $150,000. No deposits are required. Rates start at 3.95%, while terms vary from 36 to 180 months. You will have to pay an origination fees between 1.00% - 5.00% of your total loan amount, which will be deducted from the amount you are qualified to borrow before it is deposited into your bank account. Late fees may also apply. You could receive your funding, which is available in all 50 states, in one to two business days.
  • You may be eligible for a revolving line of credit through the Wells Fargo Outdoor Solutions Credit Card (as with Sundance Spas). While the regular purchase APR is 28.99%, you may qualify for a 0% interest promotional period that could work in your favor if you pay off the balance before the offer ends.

Through the manufacturer

If you’ve got your heart set on a specific brand, you could apply for financing directly from the manufacturer.

Hot tub manufacturers, such as ThermoSpas or Strong Spas, offer financing that you can apply for online. Pennsylvania-based Strong Spas, for example, offers a credit limit up to $55,000. It advertises fast approval, but you are limited to using your funds for its products.

Hot tub financing with bad credit: Is it possible?

Some companies may offer hot tub financing even if you have bad credit — or no credit at all.

While hot tub financing with bad credit or hot tub financing with no credit check may sound tempting, these companies will typically charge extremely high interest rates or enforce other conditions that could make it prohibitively expensive in the long run.

It’s important to consider why you need a hot tub, and whether it’s worth the cost. Make sure the financing you apply for includes the long-term costs of maintaining and owning a hot tub, as well as any unforeseen expenses that could come up.

Consider the reasons why you might have bad credit and whether increasing your credit utilization on top of the added stress of paying off a large purchase could further hurt your credit score.

Other hot tub financing options

If getting financing through a dealer, manufacturer or personal lender isn’t getting you what you need, there are a few other options to help you pay for a new hot tub.

  • Pay with a credit card: The average APR for new credit card offers is 20.59%, or 24.97% for all new store credit card offers. However, this could be a good option if you’re able to secure an introductory 0% APR and pay off the balance before the promotion is over. While you could use your credit card to finance part or all of your purchase (if it doesn’t exceed your credit limit), keep in mind that exceeding 30% of your overall limit can hurt your credit score.
  • Pay with cash: If you have savings stashed away, this could be a good time to withdraw your funds to pay for your hot tub in part or in full. That being said, if the cash is sitting in an emergency fund or is designated to be used elsewhere, you should not dip into this reserve.
  • Take out a home equity loan or home equity line of credit: Because home equity loans or home equity lines of credit (HELOCs) involve using your home as collateral, you may be able to benefit from lower interest rates, longer terms and the ability to withdraw more funds. However, you risk losing your home if you default on your payments. Plus, you’ll pay closing costs with both of these options, which boosts how much you need to borrow.

Bottom line

When you factor in the associated costs of permits, accessories, delivery, utility bills, maintenance and landscaping, a hot tub can be a very expensive and long-term proposition. Comparison shopping will be essential.

As you should for any other type of purchase, it’s important to read the fine print on financing agreements and calculate whether you can afford to pay it off.


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