Personal Loans for Moving and Relocation

Get reliable funds to cover the costs of your move.

Moving is a stressful activity in itself. Whether packing or sorting old things, carrying heavy furniture, or taking inventory of a growing to-do list, it’s usually not fun. Add in the high cost of moving services and it can become even more stressful, especially if you don’t have the cash to pay for the moving costs upfront.

A move across town can often cost over $1,000, while a cross-country move can require even more funds. That’s where financing comes in. If you don’t have the cash to pay for all the expenses associated with your move, you might be able to cover the costs through a personal loan or line of credit. A personal loan could get you the funds to cover truck rental, storage, or even a moving company. With Reprise, you can get reliable and fast funds to pay for the expected – and sometimes unexpected – relocation costs to take the stress out of your move.

Can you finance moving expenses?

It’s possible to finance moving expenses through personal loans and credit cards. Some employers may also offer assistance with relocation if you’re moving for work. Whether you’re moving for professional or personal reasons, multiple financing options are available.

How does moving expense financing work?

Financing for moving expenses is often done through personal loans, which offer a quick, flexible way to finance most things. Once disbursed, borrowers can use the loan proceeds on expenses that they deem necessary, including transportation, packing, repairs, and even new furniture.

Have Questions?

Get answers to your common questions

What are common types of moving-related expenses?

Moving comes with several expenses. Those can include the cost of packing supplies and furnishings as well as the costs for truck rentals and moving companies to assist with loading and transportation. There may also be costs associated with switching utilities to your new address, such as a deposit to the electric company.

What are unexpected costs of moving?

Expenses can sneak up on you when you’re moving, and it’s essential to be prepared for unexpected items. Costs associated with moving can include travel – for you, your things, and your movers. Depending on how far you’re moving, travel can consist of flights, cargo payments, and even hotel rooms if you’re driving your things to another state. If you have many items, you may also have to hire an extra set of hands to help out. If you’re packing a few things, you might be able to acquire free boxes and supplies. However, if you have an entire home to pack up, you may have to pay for a good deal of moving containers and boxes, as well as tape, bubble wrap, and protective coverings for your breakables.

What is the benefit of moving expense financing?

Financing your moving expenses can help keep you from dipping into your savings account to pay for the relocation. By financing the move, you can pay it back in smaller increments over time instead of worrying about providing the money upfront. Depending on your budget, that may also provide you with a cushion to use more luxuries while you move and make the process easier on yourself.

What do I need to qualify for moving expense financing?

To qualify for a personal loan for moving expenses, you should be prepared to provide proof of income, financial history, bank statements, and any statements from your current creditors. If you’re offering a co-signer, you should also be ready to provide their personal and financial information to the lender.

What credit score do I need to obtain a moving-related loan?

There is no one credit score that will qualify you for a personal loan for moving expenses. Online lenders like Reprise will look at the total picture of a person’s application to find a product that works best for each application.

Should you use a personal loan for moving expenses?

Using a personal loan to pay for moving expenses can help you manage significant expenses over a more extended period. If your move costs thousands of dollars, a personal loan can provide a fixed repayment plan without dipping into your savings account. It’s important first to understand exactly how much you need to borrow and consider any additional costs that may come along as you begin the relocation process. Then you can apply for the amount you need and take the stress out of moving expenses.

How do I finance a move and get started?

Moving can be extremely costly and time-consuming. If you’re finding that your expenses are stretching beyond your out-of-pocket budget, exploring the possibility of a personal loan could help you manage those costs. Online lenders can offer a fast and easy way to get the funds you need to cover your moving costs and help ease relocation stress.

To apply for a personal loan to finance your move, you can begin by submitting your personal information and required documents to your lender of choice. You should be able to provide your credit and financial history, proof of income, social security number, address, and bank statements. Some lenders may also require a co-signer or sufficient collateral in the case of a secured loan. If you’re approved through an online lender, you may be able to access your funds the next business day after approval.

How do you fund moving expenses?

Personal Loans

Personal loans offer a flexible and easy way to finance your moving expenses. With personal loans, funds are often disbursed directly to your checking or savings account. If approved through an online lender, you may be able to access your funds within the next business day after approval. Additionally, personal loans usually have a fixed interest rate, which means your monthly payments will stay consistent over the life of your loan.

Credit Cards

Credit cards can provide another fast and easy option for financing. Credit card applications are often approved quickly and provide flexible payment options, including a minimum monthly payment amount. However, only paying the minimum monthly amount on a credit card balance may result in a longer repayment period with interest assessed on the outstanding balance.

Employer Relocation Services

If you’re moving for work, your employer may also offer some financial assistance in the move. Some employers may meet you halfway, while others may offer to pay for all of the associated costs. It’s best to check with your employer on available benefits and what you may qualify for.

Garage Sale

Packing your things allows you to sort your possessions and figure out if there’s anything you don’t need. If you can sort through a few unnecessary items, having a pre-moving garage sale could help you raise money to contribute towards your move.

¹The $25,000 loan amount is inclusive of the amount financed and any applicable fees. Not all applicants will qualify for the maximum $25,000 loan amount.

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