Finance your move
Check your rate in minutes
Won’t affect your credit score
Easy and quick moving loans
Average moving loan $4,677.67† | 3 & 5 year terms‡ | 2.92% – 35.99%‡
Cover Deposits
Security deposits can stretch any budget
Fund Moving Expenses
Use a moving loan to pay for any part of your move: movers, storage, furnishing, etc.
Lower Rate
56% lower rates than traditional models.*
Fast and Easy Process
Most applicants get money just 1 business day after accepting their loans**
loans for any occasion
MOVING LOAN FAQ
What is a moving loan?
A moving loan (also known as a relocation loan) is an unsecured personal loan designed to help you finance your moving costs.
Moving loans are paid back in installments, or regular monthly payments, depending on the size of the loan. eFund123 offers three and five year loans terms. The payment amount remains the same through the life of the loan, provided you pay as contracted and don’t accrue any additional fees or penalties. The average relocation loan from eFund123 is $4,761.67.† Loans can be as small as $1,000 or as large as $50,000 depending on the amount you are qualified for.§
What can I use a moving loan for?
You can spend your loan on moving-related expenses and things that make your move easier such as security deposits or movers to transport your belongings.
What are the alternatives to a moving loan?
There are many ways to fund your relocation. You could negotiate with an employer for moving assistance or ask a family member for help. Make sure your financial solution truly meets your needs. Finding the best borrowing option can be easy to overlook when you are busy coordinating your move.
Why don't I just use my credit cards?
While credit cards might be an easy choice, they lack the predictability of a personal moving loan. A moving loan has a fixed rate and a steady monthly payment amount. Depending on your personal financial situation, your moving loan may have a lower APR or fees than your credit cards.
Why get an eFund123 moving loan?
At eFund123, we understand everyone has life events where a little bit of financial help makes a big difference. With just a few pieces of key information about you, we can give you a great rate on a moving loan that meets your needs. Fees and terms are shared right away, so there are no surprises. Once approved for a loan, you can access your funds within 24 hours. Your credit score won’t be impacted unless you go through with the full application. With no prepayment penalty, you can repay your loan early at any time after your move.**††
†† When you check your rate, we check your credit report. This initial (soft) inquiry will not affect your credit score. If you accept your rate and proceed with your application, we do another (hard) credit inquiry that will impact your credit score. If you take out a loan, repayment information will be reported to the credit bureaus.
§ Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will qualify for the full amount. The minimum loan amount in MA is $7,000. The minimum loan amount in Ohio is $6,000. The minimum loan amount in NM is $5,100. The minimum loan amount in GA is $3,100.
‡ The full range of available rates varies by state. The average 3-year loan offered across all lenders using the eFund123 Platform will have an APR of 25.79 and 36 monthly payments of 37 per $1,000 borrowed. There is no down payment and no prepayment penalty. Average APR is calculated based on 3-year rates offered in the last 1 month. Your loan amount will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.
* As reported by the Consumer Financial Protection Bureau, based on an internal eFund123 study which compares outcomes from eFund123’s underwriting and pricing model against outcomes from a hypothetical model that uses traditional application and credit file variables and does not employ machine learning (traditional lending model).
** If you accept your loan by 5pm EST (not including weekends or holidays), you will receive your funds the next business day. Loans used to fund education related expenses are subject to a 3 business day wait period between loan acceptance and funding in accordance with federal law.