Question 1

What is a moving loan?

Accepted Answer

A moving loan, also called a relocation loan, is a type of personal loan you can use to cover moving costs. Most moving loans on the Upstart platform are unsecured12, meaning you don’t need to provide collateral. In some cases, there may be an option to secure your personal loan through Upstart with your vehicle, which would place a lien on the vehicle.

Through Upstart, personal loan APRs currently range from 6.2% – 35.99% APR2, with repayment terms of 3 or 5 years. Unlike traditional models that rely heavily on credit score alone, the Upstart model considers additional variables like employment and education10. In an internal study, the Upstart model approved 41% more applicants in aggregate as compared to a traditional model and resulted in APRs that were 33% lower11.

You can check your rate through Upstart to see the offers you may qualify for without affecting your credit score5.

Question 2

Should I take out a loan to move out?

Accepted Answer

A moving loan can be a helpful option if you don’t have enough savings to cover your moving costs upfront. It can give you the flexibility to handle expenses like deposits, transportation, or emergency moving needs without delaying your plans.

Through Upstart, you can check your rate in minutes to see what you may qualify for—without affecting your credit score5—making it easier to plan your move with more confidence.

Question 3

Is a moving loan better than using a credit card?

Accepted Answer

A moving loan can often be a more structured option than using a credit card. Personal loans typically come with fixed rates and set monthly payments, so you’ll know exactly what you owe and when it will be paid off.

With a credit card, rates are usually variable and can be higher, especially if you carry a balance—making costs harder to predict over time.

Through Upstart, you can check your rate in minutes to see the fixed-rate offers you may qualify for, without affecting your credit score5. This can help you compare your options and choose the one that fits your move and your budget.

Question 4

How much should I borrow to move?

Accepted Answer

How much you should borrow depends on your specific moving costs—such as deposits, movers, transportation, and setup expenses in your new place. Whether you're considering loans for moving costs or a moving assistance loan, it’s a good idea to estimate your total expenses first and borrow only what you need.

Through Upstart, you can check your rate in minutes and explore loan options from $1,000 to $75,0004, depending on what you qualify for. This can help you choose an amount that fits your budget. Before borrowing, review your monthly payment and the total cost over time to make sure your loan stays manageable.

Question 5

Can I get a loan for moving expenses?

Accepted Answer

Yes, you can get a loan for moving expenses to help cover costs like deposits, movers, travel, or setting up your new home. Many people use loans for moving when they need funds upfront but prefer to repay over time.

A personal loan for moving is one common option, since it typically comes with fixed rates and predictable monthly payments. Through Upstart, you can check your rate in minutes to see the loan offers you may qualify for—without affecting your credit score5.

Question 6

Can I get a moving loan with bad credit?

Accepted Answer

It may be possible to get a moving loan with bad credit, depending on your overall financial profile. While lenders consider your credit history, it’s not the only factor used to evaluate your application.

Through Upstart, your rate is based on more than just your credit score—including factors like income, employment, and education10—which may help more applicants qualify. This can be helpful if you’re exploring emergency moving loans for bad credit and need options beyond traditional lenders.

If you’re looking for a no credit check moving loan, it’s important to know that most reputable lenders do check your credit as part of the process. However, you can check your rate through Upstart with a soft inquiry, which won’t affect your credit score5.

You can see the loan offers you may qualify for in minutes and choose an option that fits your moving needs and budget.

Question 7

What can I use a moving loan for?

Accepted Answer

A moving loan can be used to cover a wide range of expenses that come with relocating. Common uses include:

Upfront housing costs — A loan for moving into an apartment can help cover your security deposit, first month’s rent, and application fees.
Moving services and transportation — Loans for moving houses can help pay for professional movers, truck rentals, gas, and packing supplies.
Long-distance relocation — Loans for moving out of state can help with travel, temporary lodging, and shipping your belongings across the country.
Setup costs in your new home — This can include utility deposits, basic furniture, or immediate repairs.

Question 8

How fast can I get funds for a moving loan?

Accepted Answer

Funding timelines can vary, but many borrowers move through the process quickly through Upstart—ideally for urgent or last-minute moves.

Most applicants receive an instant decision after submitting a completed application6.
If approved, you could get funds sent in as fast as 24 hours3.

When the money becomes available in your account depends on your bank’s processing times and policies.

Question 9

What documents are needed to apply for a moving loan?

Accepted Answer

Applying for a personal loan for moving through Upstart is quick and 100% online. Many applicants receive an instant decision6 without needing to upload additional documents, though some may be asked to verify details like identity or income depending on their application.

Common documents for a personal loan include:

Government-issued photo ID (such as a driver’s license, passport, or state ID)
Proof of income and employment (such as a recent pay stub, tax return, job offer letter, or benefits letter)
Address verification (such as a recent utility bill)

Documents should be clear, legible, recent (typically within the last 30 days for income), and match the details you provided in your application.

If additional verification is needed, Upstart will notify you with instructions on how to securely upload the required documents.

Question 10

Does checking the loan rate affect my credit score?

Accepted Answer

No. When you check your rate through Upstart, we perform a soft credit inquiry, which does not affect your credit score5.

If you choose to move forward with a full application after reviewing your offer, a hard credit inquiry is typically required. A hard inquiry can impact your credit score.

Checking your rate is a way to explore your options with no impact on your credit score5.

	Personal loan	Credit card
Loan structure	Installments	Revolving
Fixed interest rate
Fixed monthly payment
No collateral required¹²

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