Moving costs add up fast — professional movers, truck rentals, security deposits, and first/last month's rent can easily reach $5,000 to $15,000 for a long-distance move. A SoFi personal loan lets you cover these upfront costs without wiping out your savings or putting everything on a credit card.

With a fixed rate and a defined payoff schedule, you can plan your budget around the loan repayment from day one.

Common Uses

Professional movers
Moving truck rental
Security deposit
First and last month's rent
Storage unit
Packing supplies
Utility deposits
Furniture for new home
Travel costs
Pet transport

SoFi vs Credit Cards for Moving

FeatureSoFi Personal LoanCredit Cards
Interest rateFixed 8.99%+20%+ variable
Payment predictabilityFixed monthly paymentVaries with balance
Payoff timeline2–7 years (defined)Indefinite
Max amountUp to $100KCredit limit
AvailabilityNo credit card neededRequires existing card
Check My Moving Rate with SoFi →

Who Qualifies for a SoFi Moving Loan?

Typical Requirements
  • Credit score: 680+
  • U.S. citizen or permanent resident
  • Verifiable income or employment
  • Bank account for fund deposit
  • Debt-to-income ratio below 45%
May Disqualify You
  • Recent bankruptcy (within 1–2 years)
  • Very high debt-to-income ratio
  • No verifiable income
  • Active delinquencies
  • Insufficient credit history

Frequently Asked Questions

Can I use a SoFi loan to cover moving expenses? +
Yes. Moving expenses are an approved use for SoFi personal loans. You can borrow from $1,000 up to $100K to cover any relocation costs.
How much does a typical move cost? +
Local moves average $1,000–$2,500. Long-distance moves can cost $4,000–$10,000 or more depending on distance and volume. A SoFi loan can cover the full range.
How fast can I get a SoFi moving loan? +
SoFi typically funds loans within Same Day after approval. Apply at least a week before your move date to ensure funds arrive in time.
What credit score do I need for a SoFi moving loan? +
You generally need a credit score of at least 680 to qualify. SoFi offers pre-qualification with a soft pull so you can check your rate without affecting your score.
Is a personal loan or credit card better for moving costs? +
A personal loan offers a fixed rate and a defined payoff date, which is usually cheaper than carrying a credit card balance at 20%+ APR. If you can pay off the card in full within a few months, a 0% APR card may be better.

Related Guides

SoFi Review 2026 → Best Personal Loans for Moving → Personal Loan Calculator → Best Personal Loans 2026 → Emergency Fund Calculator →

Advertiser Disclosure: WiseIQ may earn a referral fee from some lenders and financial products on this page. This does not influence our editorial ratings or recommendations. Our reviews are independently researched and editorially independent.

Sources & Methodology: WiseIQ's editorial team researches and fact-checks all content using primary sources including the Consumer Financial Protection Bureau (CFPB), Federal Reserve G.19 Consumer Credit Report, myFICO Credit Education, and lender websites for current rates and terms. Last reviewed: April 2026. How we rank products.