A moving loan—also known as a relocation loan—is a type of personal loan designed to help you cover the costs of moving. These loans are typically unsecured, meaning you don’t need to provide collateral to qualify. However, there may be an option to secure your loan with your vehicle, which would involve placing a lien on it.

You can use your moving loan to cover a wide range of relocation expenses—including hiring professional movers, paying security deposits, purchasing moving insurance, and handling unexpected or hidden moving costs.

Our platform provides moving loans ranging from $1,000 to $50,000.³ Keep in mind that some states have minimum loan requirements. The exact amount you’re eligible to borrow will depend on your individual qualifications, including the details you provide in your application.

Yes, you can use a credit card to cover moving expenses—but keep in mind that credit cards are a form of revolving credit, which can make it easier to overspend and harder to manage due to higher interest rates. If you’re not paying off the full balance each month, the debt can add up quickly.

A moving loan can be a helpful solution if you don’t have enough savings to cover all your relocation expenses. However, it’s important to understand the full cost of borrowing. In addition to repaying the loan amount, you’ll also be responsible for interest—and possibly additional fees. Before moving forward, make sure to calculate the total repayment amount and ensure it fits comfortably within your budget.

At Upstart, we look beyond just your credit score to assess your eligibility for a moving loan. We consider factors like your education and employment to give you a fair shot at approval. When you borrow through us, you can expect:

1: Fast and seamless online application
2: No prepayment penalty
3: Fixed interest rates for consistency
4: Predictable monthly payments to help you budget
5: Convenient direct deposit of funds