Can you use a personal loan for moving house?
Moving can bring several costs together at once. Removals, essential furniture, repairs and the first few household bills can all need paying before life in the new place has settled down.
If accepted, a personal loan could help spread a planned moving cost over fixed monthly repayments. It is important to look at the full cost of the move first and only borrow if the repayments remain manageable alongside your mortgage or rent, bills and other commitments.
With 118 118 Money, you can check your eligibility before making a full application. This gives you an indication of whether you are likely to be accepted without affecting your credit score.
Plan the cost of your move before you borrow
Get a clear total. Include removals, storage, repairs, essential furniture and any bills due around the move.
Leave room in your budget. A move can bring surprises, so make sure the repayment still works if costs change.
Compare the full cost. Look at the total amount repayable, not only the monthly payment.
Check your options before applying
New credit can affect your wider finances, especially if you are arranging a mortgage or have other borrowing in place. Before you apply, consider whether savings, a payment plan or delaying a non-essential expense could be a better fit.
You can also use our loan calculator to explore the likely cost of borrowing, or visit money guidance for help with planning your budget.