Best Moving and Relocation Loans in 2025

Checking rates won't affect your credit score

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Written by
Amanda Push
Updated January 31, 2025
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How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
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Best Egg: Best for small loan amounts

6.99% - 35.99%

$2,000 - $50,000

36 to 60 months

0.99% - 9.99%

580

Pros
  • Fast funding (one to three business days)
  • Option to choose between secured and unsecured loans
  • Option to change due date
Cons
  • Charges a 0.99% - 9.99% origination fee
  • Must have individual annual income of $100,000+ to receive lowest rates
  • Can't apply for a loan with another person

What to know

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Best Egg offers flexibility in both loan amounts and repayment terms. Borrowers have the option to take out either secured or unsecured loans, meaning they can choose whether to offer an asset as collateral.

To access Best Egg’s lowest rates, you’ll need to have a minimum credit score of 700 and an income of at least $100,000, which may be a high bar to clear for some consumers. Best Egg also charges a 0.99% - 9.99% origination fee that will come out of your loan balance.

How to qualify

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Best Egg has a minimum credit score requirement of 580 but it also stipulates that you’ll need to meet the following criteria:

  • Be a U.S. citizen or permanent resident
  • Not reside in Iowa, Vermont, West Virginia, District of Columbia, U.S. territories
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LendingClub: Best for joint applications

8.91% - 35.99%

$1,000 - $40,000

24 to 72 months

3.00% - 8.00%

600

Pros
  • Can apply with another person for better chance at approval
  • Get money as soon as 24 hours
  • Can qualify with fair credit
Cons
  • Can only borrow up to $1,000
  • Must pay an upfront fee

What to know

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Unlike some lenders, LendingClub allows consumers to submit a joint application. Potential borrowers can also prequalify for a loan so they can see what kind of rates, terms and amounts they may be eligible for without impacting their credit score.

However, LendingClub only offers loans up to $40,000 and also charges an origination fee (3.00% - 8.00%), which will come out of your total loan balance.

How to qualify

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To be eligible for a LendingClub personal loan, you must meet the following requirements:

  • Age: Be at least 18 years old
  • Citizenship: Be a U.S. citizen or permanent resident
  • Administrative: Have a verifiable bank account
  • Credit score: 600+
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SoFi: Best for large loan amounts

8.99% - 29.99% (with discounts)

SoFi Pricing Disclosure

Fixed rates from 8.99% APR to 29.99% APR reflect the 0.25% autopay interest rate discount and a 0.25% direct deposit interest rate discount. SoFi rate ranges are current as of 02/06/2024 and are subject to change without notice. The average of SoFi Personal Loans funded in 2022 was around $30K. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed and will depend on the term you select, evaluation of your creditworthiness, income, and a variety of other factors. Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0%-7%, which will be deducted from any loan proceeds you receive.

Autopay: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi.

Direct Deposit Discount: To be eligible to receive an additional (0.25%) interest rate reduction on your Personal Loan (your “Loan”), you must set up Direct deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A., or enroll in SoFi Plus by paying the SoFi Plus Subscription Fee, all within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled Direct Deposit to an eligible Direct Deposit Account in accordance with SoFi’s reasonable procedures and requirements to be determined at SoFi’s sole discretion, or during periods in which SoFi successfully receives payment of the SoFi Plus Subscription Fee. This discount will be lost during periods in which SoFi determines you have turned off Direct Deposit to your Checking and Savings account or in which you have not paid for the SoFi Plus Subscription Fee. You are not required to enroll in Direct Deposit or to pay the SoFi Plus Subscription Fee to receive a Loan.

$5,000 - $100,000

24 to 84 months

0.00% - 7.00% (optional)

680

Pros
  • No required fees
  • Long repayment terms (24 to 84 months)
  • Offers same-day loans
Cons
  • Must borrow at least $5,000
  • Low-credit borrowers may not qualify
  • May need to accept origination fee for lower rates

What to know

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Aside from large loan amounts, SoFi also skips required fees when providing loans to consumers. With a maximum APR of just 29.99% (with autopay and direct deposit discounts), SoFi’s APR range sits much lower than the range of other lenders, which can go as high as 36.00%.

To get a loan with SoFi, you’ll need to have a good credit score. If you’re looking for a small moving loan, SoFi’s minimum borrowing amount of $5,000 may be too high for your needs. And while SoFi doesn’t charge any required fees, you may have to pay an upfront origination fee in exchange for lower interest rates.

How to qualify

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You must meet the requirements below in order to get a loan from SoFi:

  • Age: Be the age of majority in your state (typically 18)
  • Citizenship: Be a U.S. citizen, eligible permanent resident or nonpermanent resident (a DACA recipient or asylum-seeker, for instance)
  • Employment: Have a job or job offer with a start date within 90 days, or have regular income from another source
  • Credit score: 680+
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Upstart: Best for fast loans for bad credit

6.70% - 35.99%

$1,000 - $50,000

36 or 60 months

0.00% - 12.00%

300

Pros
  • Can borrow as little as $1,000
  • Lowest credit score requirement on our list
  • Could get money in 24 hours or less
Cons
  • Possible origination fee (0.00% - 12.00%)
  • Only two repayment term options (36 or 60 months)
  • Can't apply for a loan with another person

What to know

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Despite having just two loan repayment terms to choose from, Upstart offers flexibility in other areas, such as its loan amounts. Upstart also provides low, competitive rates, though the best rates are reserved for those with the strongest credit scores and profiles.

This lender isn’t without its downsides: You’ll need to budget for a possible origination fee and Upstart doesn’t offer the option to add a cosigner.

Read our Upstart personal loan review.

How to qualify

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Upstart has transparent eligibility requirements, including:

  • Age: Be 18 or older
  • Administrative: Have a U.S. address, personal banking account, email address and Social Security number
  • Employment: Have a job or job offer that starts within six months, or have regular income
  • Credit-related factors: Debt-to-income (DTI) ratio no higher than 50% (45% in Connecticut, Maryland, New York and Vermont), no bankruptcies within the last year, fewer than six inquiries on your credit report in the last six months and no current delinquencies
  • Credit score: 300+ (unless you’re an eligible college or graduate student, in which case Upstart could approve you with no credit)
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What are moving loans?

Moving loans are a type of personal loan that’s used to cover relocation 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, so you’ll always know how much you owe and when you can expect to be out of debt.

Moving and relocation loans can typically be used for:

  • Storage costs before a move
  • Moving supplies, like boxes and tape
  • Renting a van or truck (and filling its gas tank)
  • Hiring professional movers
  • New furnishings
  • Security deposit or first and last month’s rent
  • Hotel accommodations or other temporary living situation before moving in

Lenders determine your creditworthiness as a borrower by analyzing factors like your credit score and debt-to-income ratio.

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Moving loans: Pros and cons

Moving can be expensive, so you may be looking for a way to fund your next move. Before settling on a moving loan, it’s wise to weigh the pros and cons of this type of debt.

Pros

  • Fixed interest rate and fixed monthly payments: With a moving loan, your monthly payments will stay constant across a set term — typically 12 months or longer, although shorter terms may be available.
  • Likely lower APRs than credit cards: Borrowers with good credit may qualify for a lower interest rate with a personal loan.
  • Potential for fast funding: Some lenders will deposit funds into your account within a day of loan approval.
  • No need for collateral: If you can’t repay your loan, you won’t risk losing an asset to the lender (though some lenders offer the option of secured personal loans).

Cons

  • You’ll pay interest on moving costs: To get the best deal on moving supplies and expenses, you’ll want to pay with cash and avoid going into debt for moving altogether.
  • Borrowing minimums can be high: Even the smallest personal loans tend to start at around $1,000, so if you’re seeking a low-dollar moving loan, you might be better off saving up.
  • Borrowers with subprime credit scores may not qualify: Borrowers with good credit can qualify for competitive terms, but those with poor credit will have a hard time qualifying.
  • You may have to pay additional fees: On top of interest, you may be responsible for fees. Many lenders charge an origination fee, which can be up to 12% of your loan amount.

How to get a moving loan

  1. Fill out a simple form. Answer a few questions about yourself and your loan. This process will take about two minutes.
  2. Compare offers. We’ll do your loan shopping for you and send you offers from up to five lenders. You can compare rates, fees and repayment lengths to choose the best moving loan for you.
  3. Get your money. You’ll submit a formal application with the lender you choose. Your lender will send you the money once you’re approved.

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How to qualify for a moving loan

Because moving loans are typically unsecured, most lenders rely heavily on your creditworthiness to determine whether to approve your loan request. Lenders consider factors like your credit score, profile and length of history when evaluating your moving loan application.

To improve your chances of qualifying, you can take the following steps:

  • Improve your credit score. Each lender is different, but typically, you’ll want a credit score of at least 670 to qualify for a moving loan with decent rates. If your credit score is on the low side, you can take steps to improve your credit score by lowering your credit usage (paying down on balances) and making sure you pay your bills on time.
  • Pay your bills on time. Your payment history makes up a large portion of how your credit score is calculated (35% of your FICO Score). Late payments can cause your credit score to drop and can stay on your credit report for up to seven years.
  • Check your credit report for errors. Unfortunately, credit report errors are common. These errors can impact your credit score as your score is based on the events on your credit report. You can dispute credit report errors by contacting the credit bureau(s) publishing the error and the creditor who reported the activity.

Moving loans for bad credit

If you need to move but you have bad credit, there are still options available to help you cover your relocation expenses.

  • Apply for a secured loan. While you will have to put up a valuable asset as collateral (like a vehicle or savings account), you may have an easier time qualifying because collateral-backed loans present less risk to the lender. You may even receive lower rates. However, if you aren’t able to repay the loan, the lender can legally seize your collateral.
  • Research lenders with the best personal loans for cosigners — someone’s is creditworthy and agrees to repay the loan on your behalf if you struggle in repayment.
  • If you’re in a pinch, some lenders may work to get you a bad credit loan bufor moving — though you should expect high interest rates because the lender takes on more risk in lending you money.

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Moving loan alternatives

Alternative  Pay with a credit card

It’s possible to pay for your moving expenses with a credit card. To avoid paying interest, make sure you pay off the entire statement balance before the due date. 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.

Alternative  Borrow from loved ones

A small, no-interest loan from family could be an option — as long as it’s repaid in full and in a timely fashion. If you have friends or family willing to lend you money, then go for it. Just remember to borrow family loans responsibly so you don’t tarnish any relationships.

Alternative  Budget for months in advance

Chances are that you’ll have a few months between the time you secure the lease or mortgage for your new place and the day you actually need to move. Put that time to good use by tightening your budget and saving extra money. If you’re moving for your job, you might even ask your employer to offer relocation assistance.

Alternative  Sell some of your old furniture

Downsizing 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 it through a third-party marketplace like Nextdoor or Facebook. Not only can this bring in extra cash, but you can also avoid having to move so much stuff into your new home.

How we chose the best lenders for moving loans

We reviewed more than 30 lenders to determine the overall best four moving loans. To make our list, lenders must offer competitive annual percentage rates (APRs). From there, we prioritize lenders based on the following factors:

Here’s the criteria we assessed to choose the best moving loans:

  • Accessibility: Lenders are ranked higher if their personal loans are available to more people and require fewer conditions. This may include lower credit requirements, wider geographic availability, faster funding and easier and more transparent prequalification and application processes.
  • Rates and terms: We prioritize lenders with more competitive fixed rates, fewer fees and greater options for repayment terms, loan amounts and APR discounts.
  • Repayment experience: For starters, we consider each lender’s reputation and business practices. We also favor lenders that report to all major credit bureaus, offer reliable customer service and provide any unique perks to customers, like free wealth coaching.

According to our standardized rating system, the best moving loans come from Best Egg, LendingClub, SoFi and Upstart.

Frequently asked questions

Yes — because personal loans offer flexibility, many lenders offer consumers the option to take out a moving loan. You can use that loan in multiple ways, whether that’s paying for a moving truck or a security deposit for your new home.

 

Moving loans are typically unsecured and come with fixed interest rates so your monthly payments will remain the same each installment.

Whether it’s a good idea to borrow a moving loan depends on your financial position. Before taking out a loan, examine your budget to see how much you need to borrow and make sure you are able to afford the monthly payments. If you’re unable to repay the loan, a loan default can have a severe impact on your credit score and potential legal repercussions.

Even if you have bad credit, there are still ways you can fund your moving expenses. If you’re not able to improve your credit score quickly enough, consider getting a loan with a cosigner. This can improve your chances of getting approved since two people are making the commitment to repay the loan instead of just one.

 

You may also consider borrowing money from a loved one, though this can open a can of worms if you’re unable to repay the loan or agree to its terms.