Moving Cost Loans – Manage Your Relocation Expenses Without Hassle

A loan can provide the necessary additional funds to make moving house less of a burden on your finances. Though a loan isn’t always the right solution for every person, for some it can be a workable alternative to maxing out their credit card or dipping into their savings. However, it’s important that you don’t borrow more than you can afford to repay and that you stick to your moving budget. As part of Trusty Finance’s responsible lending obligations, we ensure we only approve loans to people we believe can comfortably meet their repayment obligations.

Australian lenders often consider the 28/36 rule to be a healthy financial benchmark of your borrowing capacity. The rule proposes that a borrower should spend a maximum of 28% of their gross monthly income on common housing expenses such as rent or mortgage payments, and allocate no more than 36% of their income on total debt servicing. That 36% figure includes the housing costs included in the 28%, as well as other debts such as credit cards, car loans and personal loans.

Keeping to this suggested benchmark might help you to maintain a low debt-to-income ratio, which may improve your chances of getting your moving cost loan approved.

Trusty Finance moving cost loans are secured loans that help you to cover the costs that typically come with moving house. You can apply online for any amount between $2,100 and $5,000. If we approve your loan, you can use those funds to pay for anything from removalist fees to utility connections, property inspections, cleaning services and more. Trusty also aims to make repaying your loan as stress-free as possible, so you can set your schedule to line up with your pay cycle, whether that is weekly, fortnightly or monthly.

A loan can provide the necessary additional funds to make moving house less of a burden on your finances. Though a loan isn’t always the right solution for every person, for some it can be a workable alternative to maxing out their credit card or dipping into their savings. However, it’s important that you don’t borrow more than you can afford to repay and that you stick to your moving budget. As part of Trusty Finance’s responsible lending obligations, we ensure we only approve loans to people we believe can comfortably meet their repayment obligations.

Australian lenders often consider the 28/36 rule to be a healthy financial benchmark of your borrowing capacity. The rule proposes that a borrower should spend a maximum of 28% of their gross monthly income on common housing expenses such as rent or mortgage payments, and allocate no more than 36% of their income on total debt servicing. That 36% figure includes the housing costs included in the 28%, as well as other debts such as credit cards, car loans and personal loans.

Keeping to this suggested benchmark might help you to maintain a low debt-to-income ratio, which may improve your chances of getting your moving cost loan approved.

Trusty Finance moving cost loans are secured loans that help you to cover the costs that typically come with moving house. You can apply online for any amount between $2,100 and $5,000. If we approve your loan, you can use those funds to pay for anything from removalist fees to utility connections, property inspections, cleaning services and more. Trusty also aims to make repaying your loan as stress-free as possible, so you can set your schedule to line up with your pay cycle, whether that is weekly, fortnightly or monthly.