Expert view by Maggie Gallagher
Moving Loans – Personal Loans for Relocation

Need help with moving expenses? With Personal Loans for Relocation, you can finance your move from anywhere in the country, to anywhere in the country. Whether you need to move a couple miles or cross-country, MAGGIE LOANS will help you find the best financing options make your move as easy and inexpensive as possible. Our Moving Loan is quick, easy and available online 24/7!

What are Moving Loans?

A moving loan is a form of unsecured personal financing that can help you finance your moving costs. Whether you're relocating across the country or around the block, any sort of move can be expensive. Paying for it requires careful planning and budgeting. A moving loan lets you borrow money based on your income and credit rating, freeing up cash from other sources so it's there when you need it during a big transition.

How Personal Loans can help finance your moving

A personal loan is a great way to get what you need for your move and pay it off over time. Use a moving loan to pay for moving-related expenses like renting a truck, dollies, blankets, and boxes. Or, if you're hiring a moving company, it can cover the cost plus some insurance.

What are Moving Loan benefits?

If you're looking for a loan for your upcoming move, a personal loan may be a good option. Among the numerous benefits are:

  • The extra cash can help with the costs of moving — like renting a moving truck or hiring a professional to complete the job.
  • Moving is expensive, so any way you can save money is definitely worth it.
  • One of the greatest things about using a personal loan is that you can get what you need and repay the loan over time.

How To Get A Moving Loan: Find The Best Terms

Even the most stable, creditworthy borrowers have experienced a hiccup or two when it comes to getting a moving loan. Fortunately, there are ways to bolster your chance of being approved by lenders.

  • First, you’ll want to check that all previous addresses on your credit report are accurate.  
  • Then, work on lowering your debt-to-income ratio by paying off revolving accounts, like credit cards and phone plans.

If you’re moving and need to borrow money, you can get a moving loan with better terms if you have a credit score above 740 and debt below 25% of your income. Building your credit score before applying for a moving loan is a good way to boost your chances of getting the lowest rates possible.

Getting a moving loan is easy when you're a good risk. If you have strong credit, a low debt-to-income ratio and can pay off some of your past debts, then you could get approved for the low rate on a moving loan.

How to choose the best lender for Relocation Loans?

Personal loans can be a great way to get the money you need for a major life change. If you need funds to cover holidays or moving expenses, applying for a short-term personal loan can be an easy, effective option. There are many lenders that offer personal loans, each with their own terms and conditions — it’s important to compare a few before choosing one that works for your situation. Below are some of the main factors to consider when applying for personal loans.


  • 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.

Shop around before you apply for a personal loan for relocation to make sure you’re getting the best terms and lowest possible cost. Start with our personal loans comparison tool, which lets you compare all of your options in one place and get matched with the lender that offers the best deal for your situation.

Alternatives to Moving Loans

For some, borrowing is a natural part of life. But for others, the idea of putting yourself in debt by taking out a loan or financing something is terrifying.

Traditional banks and other lenders often go for the jugular when it comes to lending money. That’s because their only priority is profit. So, if you’re someone who wants more flexibility and transparency when it comes to moving loans, then you should look elsewhere.

  • Alternative options include moving savings accounts and a moving money market fund (MMF).
  • If you need to move and have a few thousand extra dollars in the bank, savings can do all the work. Savings have the added bonus of being brought up to date with inflation several times a year.
  • Credit unions may also offer funds to pay for relocation. If you are a member of one, check this option.
  • Family and friends are always a way out of many difficult situations. If they happen to owe some extra cash to share, why not ask them?

Choose the most suitable way so that your move became a pleasant memory, not a financial burden.

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