Moving is inevitable in many cases. Equally unavoidable are the resulting costs, which can quickly reach a high four-digit amount. To these costs to finance, one is often moving credit added. It is usually available as a installment loan and can, as the name suggests, be repaid in monthly installments.
Relocation loan: A Move Costs a lot of Money
A new city is exciting and exciting. Not infrequently, however, also incur high costs, such as for the deposit of the new apartment, the payment of the removal company or the rental of a van. If the previous furniture does not fit into the rooms, it may also be necessary to make new purchases. All in all, costs of a few thousand euros can be incurred so quickly.
These costs should be calculated:
- Deposit for the new apartment
- Renovation of the apartment
- Cost of the removal company
- Rent a van
- Buying new furniture
In many cases, the money needed for the move is not available on a savings or overnight money account. It is therefore necessary to take out a loan for relocation in order to finance the costs.
Well Finance the Move
Borrowing is often easily possible today. Relocation financing is also no problem for many banks, provided certain conditions are met:
- Fixed employment with regular wage receipt
- Positive Schufa information
One of the most important prerequisites for the relocation loan is a fixed monthly income, which is ideally achieved from employment on a non-self-employed basis. Since a change of employer often makes a change, it may make sense to apply for the loan at the old place of residence with the corresponding proof of income. This can be especially important if the new employer has to complete a probationary period or if the employment contract is only given on a temporary basis. In such cases, some banks are very reluctant to lend. In addition to income, of course, the Schufa plays an important role. Here should be no negative features to find, then there is no more lending.
Find a Suitable Loan for the Move
If you are looking for relocation financing, you can borrow from many banks. You should note, however, that the conditions can vary greatly. Sometimes there are even differences in interest rates of several percentage points. For a loan with a maturity of several years, a few hundred Euros of additional costs are incurred so quickly. With a credit calculator, you have the opportunity to contrast the different offers of the banks and compare them in terms of costs. After just a few minutes, you know which institute offers you the best relocation loan and which monthly installments you have to pay for it. By changing the term, it is also possible to adjust the amount of installments to the existing budget and thus find a long-term consistent financing.
Simply Apply Online
The loan can meanwhile be applied for directly online. This is ideal for anyone who does not have much time to move anyway. For the application is easy to complete the loan application, which can then be transmitted directly via the Internet to the bank. There, the loan request can then be checked immediately and granted either positive or negative. If the credit decision is positive, only the loan documents and the signed application must be sent.