Moving is rarely easy. Typically, it can be quite difficult and stressful to move from one place to another. Moreover, you will need a large amount of money to be able to cover all the necessary expenses.

The amount required to move can vary as it ranges from 1,000 to 10,000 or more if you move across the country. Thus, people who want to relocate need to have large savings in order to do it fast. However, if you do not have extra funds to cover all emergency and necessary needs, you can apply for a Personal Loan. This way you can get some quick cash. Also, with a good credit history, you can get quite favorable interest rates. Thus, personal lenders offer loans for both good and bad credit. Moreover, you can borrow from a small amount to a large payout!

Moving Loans for Bad Credit

What you need to know about Moving Loans

There are a large number of credit forms such as mortgages, credit cards, purchase finance, payday loans, personal loans, title loans, and so on. Each type of loan is created for a specific purpose, that is why, before applying, you must choose a loan that suits you best. A Personal Loan is a type of loan that helps a borrower make a major purchase, pay medical bills, deal with an emergency, and cover other personal expenses such as weddings, moving, and so on. Personal Loans have lower interest rates than credit cards, which is why many borrowers use Personal Loans to consolidate their expensive credit card debt.

The advantage of a Personal Loan is that you can spend it on almost any of your needs, while other types of loans focus on more specific spending (such as a mortgage). Also, a Personal Loan is unsecured, so you do not need to provide collateral in order to be approved. The payment of a Personal Loan debt is carried out in monthly regular fixed payments until the debt is repaid in full.

Personal Loans for Moving and Relocation

If you have not previously encountered a moving loan, then you should know that a moving or relocation loan is a type of loan used to cover the cost of moving. Like a traditional Personal Loan, a moving loan is unsecured and does not require collateral. When receiving a moving loan, you need to pay the amount in regular monthly installments along with interest.

If you want to choose the best Personal Loan for Moving and Relocation for you, then you need to study the offers of different lenders. By comparison, you will be able to choose the option that suits you:

Compare other Relocation Loan offers

If you are looking for a small moving loan, then you should contact Upstart. This offer will be an excellent option for people with bad credit history. As you know, most lenders refuse to lend money to borrowers with bad credit, but Upstart asks for a minimum credit score of 580. So you can be approved even with bad credit. The Upstart loan amount varies, the minimum loan is $ 1,000, the maximum is $ 50,000. This loan is suitable for people who want to get a small loan as the lender will easily approve the minimum loan amount even for bad credit.

Credible offers Personal Loans, Peer-to-Peer Loans and other money products at affordable rates with convenient repayment. 

  • MIN Loan Amount: $1000
  • MAX Loan Amount: $50000
  • Terms: 3 - 5 years
  • Rates and fees: starting at 6.5% APR
  • Turnaround Time: 1 - 2 business day
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  • Personal Loans
  • Debt Consolidation Loans
  • Home Improvement Loans
  • Medical Loans
  • Wedding Loans
  • Moving Loans
  • U.S. citizen or permanent resident
  • At least 18 years old.
  • A full-time job
  • A regular part-time job or another source of income
  • The company offers favorable conditions for young people with little or no credit history.
  • A convenient and straightforward site interface makes navigation easy.
  • The loan calculator allows you to calculate all the available options for personal loans.
  • If the client decides to pay the debt ahead of schedule, there will be no additional commission.
  • The level of education and career growth add points to the credit rating.
  • In addition to APR, borrowers pay up to 8% for money transfers.
  • Some similar services offer a lower APR. However, they do not guarantee that each borrower will receive just such conditions.
  • If the client needs a paper copy of the check or contract, they will be provided for an additional fee.
  • Any late payment is charged a fine. This item is difficult to attribute to the minuses, since absolutely all banks and lenders work according to such a scheme.


If you need a moving loan for good credit, you can apply for Marcus by Goldman Sachs. This company has an excellent rating among others, so you can trust it. The minimum required credit account is 660. Also with Marcus by Goldman Sachs you can get a fairly large loan, from $ 3,500 to $ 40,000. This money will be enough to cover any moving costs, but in order to get the maximum loan, you must have an excellent credit history. Marcus by Goldman Sachs interest rates range from 6.99% to 19.99%

Best Egg is perfect for you if you are looking for fast funding. In some situations, moving money may be urgently needed and Best Egg is ready to provide it to you as quickly as possible. The minimum requested credit is 640, the interest rate on the loan is from 5.99 to 29.99%. With Best Egg, you can also get a fairly large loan amount from $ 2,000 to $ 35,000.

BestEgg offers Personal Loans, Installment Loans, Debt Consolidation Loans, Moving Loans, Vacations Loans and other money products at affordable rates and terms.

  • MIN Loan Amount: $2000
  • MAX Loan Amount: $50000
  • Terms: 3 - 5 years
  • Rates and fees: 5.99% - 29.99% APR
  • Turnaround Time: 1 - 2 business days
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  • Personal Loans
  • Installment Loans
  • Debt Consolidation Loans
  • Moving Loans
  • Vacations Loans
  • 18 years old
  • U.S. citizen/permanent resident
  • SSN
  • Bank account
  • Ability to finance loans within one business day. 
  • Soft credit check with pre-qualification. 
  • Ability to change the payment date. 
  • Quick approval and funding: borrowers can be approved in just one day and receive funds in just one business day.
  • Charges a $15 late fee. 
  • Origination fee: it varies from 0.99 to 5.99 %. Most lenders do not charge this fee.


If you are looking for a moving loan for fair credit, you should apply to LendingClub. The minimum required credit score is 600, however interest rates can be large and range from 8.05 to 35.89%. Depending on your credit rating, the loan amount is from $ 1,000 to $ 40,000, which is very convenient for both people who want to get a large loan and borrowers of a small amount.

Lending Club offers Personal Loans, Debt Consolidation Loans, Business Loans, and other money products for borrowers with a fair credit score at affordable rates with convenient repayment. 

  • MIN Loan Amount: $1,000
  • MAX Loan Amount: $40,000
  • Terms: 36 or 60 months.
  • Rates and fees: 10.68% to 35.89% APR
  • Turnaround Time:  4 - 11 business days
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  • Personal Loans
  • Debt Consolidation Loans
  • Business Loans
  • Credit Card Payoff
  • Home Improvement
  • Be at least 18 years old.
  • Be a U.S. citizen.
  • Have a bank account.
  • Live in the state where LendingClub operates.
  • 40% or lower DTI.
  • Minimum 600 credit score.
  • Co-signed and joint loans.
  • Debt consolidation loans with diret payment to creditors.
  • Soft credit check with pre-qualification.
  • Only two repayment term options are allowed.
  • High interest rates.
  • An origination fee is charged.


Most borrowers are looking for a moving loan for bad credit, so Avant is perfect for you as it specializes in bad credit. Your credit rating must be at least 550, so almost any borrower will be able to apply for this loan. Avant's interest rates are quite high, typically ranging from 9.95% to 35.99%, and the proposed loan amount is from $ 2,000 to $ 35,000.

Avant offers Personal Installment Loans, Credit Cards and other money products at affordable rates with convenient repayment. 

  • MIN Loan Amount: $2000
  • MAX Loan Amount: $35000
  • Terms: Vary by state.
  • Rates and fees: 9.95% to 35.99% APR
  • Turnaround Time: 1 - 2 business day
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Personal Loans

Credit Cards

  • U.S. resident with Social Security Number
  • At least 18 years old
  • Minimum credit score of 580.
  • At least $20,000 in gross annual income.
  • Low minimum credit score.
  • Refinancing option.
  • Flexible payment options.
  • No co-sign or secured loan option.
  • Does not offer direct payment to creditors for debt consolidation loans.


After reviewing the options offered, you will be able to choose the one that suits you best based on the purpose of your loan. Compare loan amounts, interest rates and decide which solution is right for you to cover the costs of the move.

Should I take a Personal Loan for moving?

If you are worried about whether you should take out a moving loan or need to find something else, you should know that there are not many options to finance the move, and a personal loan is one of them. A personal loan gives you the opportunity to spend the money you receive on almost any need, so you can pay for moving, furniture and other needs. If you have no savings and your loved ones cannot lend you the amount you need, a moving loan can be a really good option for you. All you need to remember is to choose your lender wisely so as not to get abnormally high interest rates and huge commissions and fines.

How to get a Personal Loan for Moving and Relocation

If you are looking for a moving loan you should pay attention to the main steps that will help you get the best deal. Of course, borrowers with good or excellent credit history have a better chance of getting a loan than those with bad credit. Thus, if you have good credit history and a low debt-to-income ratio, then you can get the best interest rate on the loan. If your credit is not so good, you still have a chance of getting a loan, however with higher interest rates to justify the risk of the lender providing you with the amount. Improving your credit and debt-to-income ratio will help you improve your chances, so keep this in mind before applying.

  1. The first step to getting a moving loan is your intentions. What loan do you need? What is your credit rating? How much do you want to receive? Based on the factors selected, you will be able to find the lender that suits you. Be careful, calculate the amount of your move in order not to borrow too large or small.
  2. Pre-qualify. Typically, most lenders offer pre-qualification so you can know what loan amount, APR and monthly payments you qualify for. The advantage of pre-qualification is that it does not affect your credit history, so you can go through it with different lenders in order to find the best and most profitable offer. Many people prefer not to waste time comparing offers, but they do not realize that this can greatly reduce the loan amount and interest rate. Thus, be wise and use prequalification.
  3. After pre-qualification, you need to find out about the requirements of the lender that you must meet. Typically, most lenders ask for documents such as government identification, Social Security number, W-2s and proof of income. If you provide the lender with everything you need, you can quickly get a loan for your relocation.
  4. Make sure you can pay off the debt on time. Due to urgent relocation and financial difficulties, many borrowers take out loans and do not pay enough attention to how they are going to pay off the debt and whether they have sufficient funds for this. However, it is very important to draw up a loan repayment plan before applying. Most lenders charge penalties for missed payment or early repayment. Thus, study the terms of the agreement, find a lender with the minimum number of fines and commissions, and prepare a clear plan that will help you pay off the loan on time. Otherwise, a late payment can worsen your credit history, so be careful before making a decision.