Moving Loans

Make Your Move With a Personal Loan

Won't impact your credit score.

What Is a Moving Loan?

Moving loans, or relocation loans, are unsecured personal loans that primarily help cover the cost of moving your household, whether it’s across the country or across town. Especially if you find yourself in a hurry to move, a personal loan for moving offers lower rates, manageable monthly payments, flexibility on how and when you can use the money, and, best of all, fast funding. Along with covering costs like moving services, truck rentals, and hotel stays, relocation loans are a convenient way to pay for some or all other related expenses that come with moving, such as security deposits, new furniture, and home repairs.

Why Get a Moving Loan?

Cover All Cost

Cover All Costs

Pay for everything from moving trucks to organizing your new space.

Lock Rate

Lock in a Fixed Rate

With an affordable fixed rate, your monthly payment will never increase.


Save Money

Save money over the course of your loan.

Moving loans can be used to pay for any and all expenses related to relocating.

  • Moving services
  • New furniture
  • Security deposits
  • Packing supplies
  • Truck rentals
  • Storage space
  • Time off work
  • Unexpected expenses

While moving loans can be a good option for some, there are other ways to pay for a move:

  • Dig into your savings. If you have enough cash saved, you can avoid borrowing money and paying interest, but try to leave at least a few months of expenses in your rainy day fund for emergencies.
  • Use a credit card. A credit card might be a good financing option if it has a promotional or low interest rate, or if you’re able to pay it back fast. However, moving loans typically offer lower rates than credit cards along with predictable monthly payment and fixed repayment terms.
  • Sell your possessions. Selling furniture and other household goods before you move can help you raise the funds you need. It might also reduce your overall moving costs and the number of items you’ll need to move.
  • Ask your employer for a relocation package. If you have a new job or role lined up, see if the company will help cover part or all of your relocation expenses.

Many lenders offer personal loans that can be used for moving expenses. When deciding which lender is right for you, you’ll want to compare:

  • Loan amounts: Make sure the minimum and maximum loan amounts align with your needs.
  • Repayment terms: A longer loan term can lower your monthly payment, but a shorter term will cost you less overall.
  • Interest rate ranges: The lower your interest rate, the less your loan will cost overall.
  • Eligibility requirements: Loan approval usually is based on your credit score, payment history, and income, among other factors.
  • Fees: Application costs, origination fees, and prepayment penalties vary by lender and may impact your total cost. Compare APR’s across a couple different lenders to understand the true cost of each loan offer.
  • Joint applications: If you think you might not qualify on your own based on your credit history, work with a lender that accepts co-borrowers and apply together for a joint personal loan.

Personal Loans vs. Credit Card Comparison

Personal Loans

  1. Installment loans can help you pay down debt and take control of your budget
  2. Single, fixed rate monthly payment is easy to manage
  3. Fixed monthly payment and payoff date saves you money over time
  4. Lower average APRs

Credit Cards

  1. Revolving credit accounts can lead to overspending
  2. Managing multiple credit cards with variable due dates, limits, and terms is time consuming and stressful
  3. Low minimum monthly payments and revolving compound interest can trap you in a cycle of debt
  4. Higher average APRs are an expensive way to pay for large purchases

How LendingClub Personal Loans Work

  • Sweet ride!
  • Congrats!
  • You're approved!

How LendingClub Personal Loans Work

Check Your Rate

Frequently Asked Questions

Because most relocation loans are unsecured, your eligibility and offers depend on your creditworthiness, income, and current debt. A good or excellent credit score, steady income, and a good debt-to-income ratio can improve your chance of securing a loan with a low interest rate and the amount you need. Once you receive and accept your loan offer, you can use your personal loan for moving to hire movers, rent a moving truck, pay a security deposit, furnish your new home, cover other moving and living expenses, and more.
At LendingClub, you can precheck your rate without hurting your credit. You then review the loan terms, pick an offer, complete the application, accept the official offer, and funds are deposited directly into your bank account. Once you get the loan, you’ll repay it with fixed monthly payments over a set period of time.
There are moving loans for bad credit borrowers, but you may find the fees and high interest rates make them a poor option. If possible, try to boost your credit score before applying, or consider taking out a joint loan or using a co-borrower with better creditworthiness. In some cases, using a credit card could be less expensive. You might also consider cutting costs by renting a truck and asking friends or family to help with your move rather than hiring a moving service.
Over one-third of our customers get funded within 24 hours after approval. * You can help keep things moving along by checking your To-Do list and making sure you have submitted all the documents and information requested.
Moving costs vary depending on where you live, how far you’re moving, and how much stuff you need to move. You can often save money by doing the move yourself rather than hiring movers, though that generally takes more time and planning, and can be very stressful. And keep in mind long-distance relocations are almost always more expensive than a local move, even if you go the DIY route.