Moving brings a lot of one off costs at once, from removals and deposits to new furniture. A personal loan can spread these into fixed monthly repayments.
You can apply to borrow from £100 to £5,000. One soft search compares a panel of FCA authorised lenders and brokers with no impact on your credit score. A hard credit search is only carried out when you formally apply to a lender which can affect your credit score.
What a moving loan can help with
A moving loan is just a personal loan used for relocation costs. It can smooth out a busy, expensive period, as long as the repayments fit your budget.
- Removal costs and van hire
- A rental deposit or moving fees
- Furniture and essentials for the new home
What to weigh up
Moving is already costly, so borrow only what you need and check the total amount repayable. If you are also taking on a mortgage or tenancy, factor the loan repayment into your new budget.
Who can apply
Lenders set their own criteria, but as a general guide you will usually need to meet a few basic conditions.
- Be a UK resident aged 18 or over
- Have a regular income the lender can verify
- Hold a UK bank account and debit card
- Pass the lender's own affordability and credit checks
Planning the cost of a move
Moving costs tend to arrive together, so it helps to list them out and borrow only the gap you cannot cover from savings. If you are also taking on a new tenancy or mortgage, build the loan repayment into your new monthly budget before you commit.
How to apply
Borrowing responsibly
It is worth making sure the monthly repayment fits comfortably around your other commitments before you apply. Focus on the total amount repayable across the full term, not just the headline monthly figure, and only borrow what you really need.
Every lender on our panel is authorised by the Financial Conduct Authority, and high cost short term credit is subject to an FCA total cost cap, meaning you cannot repay more in interest and fees than the amount borrowed. If money is tight, free and impartial help is available from MoneyHelper.
Representative Example: £1,000 borrowed for 18 months. 17 monthly repayments at £87.22, final repayment of £87.70. Total amount repayable £1,570.44. Interest total £570.44. Annual interest rate 59.97% (fixed). Representative APR 79.5% (Variable). Any representative monthly repayment shown is for illustration only, based on our representative APR. Your actual repayments will be confirmed by the matching lender if your application is approved.