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| Lender | Good for… | APR range | Min. credit score |
| Earnest | Comparing multiple moving loan offers | 5.99% to 17.24% | 650 |
| Best Egg | Lower-amount relocation loans | 5.99% to 35.99% | 700 |
| SoFi Bank, N.A | Unemployment protection during repayment | 7.99% to 23.43% | 680 |
| Marcus by Goldman Sachs® | Movers with good credit | 6.99% to 24.99% | N/A |
| Upstart | Fast-funding loans for moving | 4.37% to 35.99% | N/A |
Putting down roots in a new place can be an exciting time in your life, but that excitement can quickly become overshadowed once you consider how expensive it is to pay for a move. Between renting a truck and putting down a security deposit, you might be strapped for cash. That’s where moving loans — also known as relocation loans — come in handy.
Loans for moving are simply personal loans that are used to cover moving expenses. Personal loans are unsecured, meaning they don’t require collateral like your car or home. They also come with fixed interest rates and repayment terms, which means you’ll always know how much you owe and when you can expect to be out of debt.
Moving and relocation loans can be used for…
Lenders determine your creditworthiness as a borrower by analyzing your credit score and debt-to-income ratio, among other factors.
| Loan details | APR range | 5.99% to 17.24% |
| Loan amount | $5,000 – $75,000 | |
| Repayment term (months) | 36 to 60 months | |
| Origination fee | No origination fee | |
| Eligibility criteria | Credit inquiry | Hard Pull |
| Credit score | 650 | |
| Earnest review | Bottom line | Earnest has partnered with Fiona to offer customers a one-stop shop for moving and relocation loans: You’ll enter your information once to prequalify with multiple lenders. |
| Loan details | APR range | 5.99% to 35.99% |
| Loan amount | $2,000 – $50,000 | |
| Repayment term (months) | 36 or 60 months | |
| Origination fee | 0.99% - 5.99% | |
| Eligibility criteria | Credit inquiry | Soft Pull |
| Credit score | 700 | |
| Best Egg review | Bottom line | Best Egg could be your best bet if your move isn’t across the country and won’t cost you an arm and a legg; this lender allows you to borrow as little as $2,000 at a time. |
| Loan details | APR range | 7.99% to 23.43% |
| Loan amount | $5,000 – $100,000 | |
| Repayment term (months) | 24 to 84 months | |
| Origination fee | No origination fee | |
| Eligibility criteria | Credit inquiry | Soft Pull |
| Credit score | 680 | |
| SoFi review | Bottom line | SoFi has the streamlined customer experience we’ve all come to expect from online-only lenders, but it also has a wide variety of perks, including unemployment protection: You can pause your moving loan repayment plan if you experience an involuntary job loss at least nine months after getting the keys to your new place. |
| Loan details | APR range | 6.99% to 24.99% |
| Loan amount | $3,500 – $40,000 | |
| Repayment term (months) | 36 to 72 months | |
| Origination fee | No origination fee | |
| Eligibility criteria | Credit inquiry | Soft Pull |
| Credit score | 720 | |
| Marcus by Goldman Sachs review | Bottom line | If you have a good-to-great credit score and are hoping for a single-digit APR, Marcus by Goldman Sachs moving loans could be worth considering; the lender also promises to never charge fees. |
| Loan details | APR range | 4.37% to 35.99% |
| Loan amount | $1,000 – $50,000 | |
| Repayment term (months) | 36 or 60 months | |
| Origination fee | 0.00% - 8.00% | |
| Eligibility criteria | Credit inquiry | Soft Pull |
| Credit score | 600 | |
| Upstart review | Bottom line | Many online lenders pride themselves on fast funding, but Upstart goes above and beyond, claiming that 99% of its borrowers receive their loan balance one working day after signing their loan agreements. |
Getting a loan for moving is simple with LendingTree. Follow these steps:
Moving loans are a type of unsecured personal loan. Unsecured loans don’t require collateral, which means that lenders rely heavily on your credit history to make lending decisions. Because of this, it may be difficult to secure good terms on a moving loan if you have bad credit.
A good option for a bad credit moving loan is to work with your local credit union. These member-owned institutions may be more flexible in their loan requirements and generally have more favorable terms compared to banks.
Pay with a credit cardIf you want to pay for your moving expenses with a credit card, it’s possible. To avoid paying interest, make sure you pay the entire statement balance by the time the bill is due. You could also look for a credit card with an introductory 0% APR period — that way, you can avoid paying interest as long as you pay off the card by the time the period expires.
Borrow from friends and familyA small no-interest loan from family never hurts anyone — as long as it’s paid back in full in a timely fashion. If you have the means to borrow from friends or family, then go for it. Just remember to borrow family loans responsibly so you don’t tarnish any relationships.
Budget for months in advanceChances are, you’ll have a few months between the time you secure the lease or mortgage for your new place and when you actually need to move. Put that time to good use by developing a tighter budget and saving extra money if you can. If you’re moving for work, you might even ask your employer to offer relocation assistance.
Sell some of your old furnitureDownsizing or upgrading your furniture? Sell any furniture you don’t want to bring with you and put that money toward moving expenses. You can consign furniture at some antique shops or sell through a third-party marketplace like Nextdoor or Facebook. You may also sell other belongings you don’t want to take with you to your new home.