Are you moving to a different city or buying a house in a new area? LoanTap provides easy loans to make your relocation smooth. If you are planning on moving but have difficulty paying for the costs of packing, moving, furniture, and transportation rental, LoanTap can help. You can save money by getting a loan to help move your house. Personal loans are fast and easy, with affordable monthly payments to make relocation enjoyable.
What’s a loan for moving or relocation?
Moving loans, also known as Relocation loans, can cover shifting costs. This personal loan is unsecured and covers the cost of moving and packing. This loan can be repaid in fixed monthly instalments during the term. LoanTap offers customized loans to help you pay for moving expenses such as packing, moving insurance, furniture, repairs, or overnight lodging. Relocation loans are a great way to move homes and cities without worrying about money. You can get immediate cash for your new home.
How do moving loans work?
Moving loans can be a great way to access immediate funds for business people and salaried professionals. This is an easy way to get funds quickly, and it’s much more convenient than borrowing money from family and friends. Instant personal loans, unlike credit cards, are more convenient for short-term needs such as moving your home. LoanTap offers a quick and collateral-free solution for managing partial moving expenses between Rs. 1,00,000 – Rs. 10,00,000.
Why borrow a loan from LoanTap to relocate?
Unexpected expenses can happen without warning. LoanTap’s Relocation Loans are an excellent choice for sudden needs. We can help you with both personal and professional reasons to move. A little financial help can make a big difference, whether moving for work or setting up your home. LoanTap offers customizable loans for all types of relocation.
Instant Relocation Loans are available without collateral or security. This loan is ideal for millennials who cannot borrow money from their friends and family.
LoanTap offers the best option for obtaining relocation loans. You can apply online for moving loans. The loan approval process for traditional financial institutions can take up to a week. LoanTap provides emergency moving loans within 24 hours. This allows you to credit the amount to your immediate needs quickly.
Minimum Documentation: To apply for instant loans, you must have a few basic documents. You must have valid documents such as bank statements and identity proofs to apply online for a loan. After signing, you can visit LoanTap and upload all required documents.
Flexible Repayments This allows you to repay the loan in simple EMIs. Flexible Repayments allow you to cover moving expenses and determine the monthly instalments through EMIs.
Transparent process: Move Loans provide instant cash support to help ease the moving process. The loan amount can be accessed without any hidden fees. LoanTap uses transparent processes to approve your loan request. The LoanTap team will try to process your residence relocation loan as quickly as possible to credit the amount.
What are the eligibility criteria for receiving Relocation Loans?
Relocation loans can help you cover moving costs, such as renting movers or a truck. If you’re looking for a reliable lender, LoanTap might be a good choice. There are certain eligibility requirements for personal loans. This is why the product is so popular with millennials. To apply for a relocation loan, you must meet the following conditions.
- Indian citizens or residents are required
- You must be at least 21 years old and not less than 60 years.
- Eligible are individuals with a monthly net income exceeding Rs 30000
- Last six months’ valid bank statements
Once you meet all criteria, you can apply for a moving loan through the LoanTap website or app. Valid bank details and proof of residency are required. Check out the Instant Moving Loans process once you have been approved for the loan.
Relocation Loan: Top Four Repayment Plans
EMI Free Relocation Loan
EMI Free is for salaried workers with a steady income. Borrowers can borrow the amount they need to move with ease. The customized relocation loan can be used to cover shifting costs between INR 7,00,000.000 and INR 10,00,000. The credited amount would not require prepayments. Bullet payments can be used to repay the principal on a quarterly, half-yearly or annual basis. IT professionals will love it because they get quarterly or half-yearly bonuses. You can pay monthly instalments towards interest to make lump-sum payments towards principal every 3/6 months.
Relocation loans are most suitable for business owners and salaried professionals. You can repay it in fixed monthly instalments that include principal and interest. Personal loans for job relocation are a great option if your need financial assistance to purchase furniture and other items while you move to a new home. The loan can cover expenses between INR 3,00,000.00 and INR 7,00,000. You can apply immediately if your credit is excellent and you have a steady income.
Apply for the Step Up Relocation Loan to get interest-free payments. Why should you apply for the Step Up Relocation Loan? You can use the loan to pay for your partial moving expenses, which range from INR 2,00,000.000 to INR 5,00,000. You don’t have to spend your entire month’s salary to move your house. You can repay the loan in the first months in low monthly instalments. Fixed EMIs can be used to cover the remaining term.
The best candidates for a Relocation Loan Overdraft are self-employed professionals and business professionals. To apply, you don’t have to know exactly how much. The interest can be paid on any amount that you withdraw. The entire amount credited to your account will be credited without charges. This loan is affordable for people who need to cover multiple expenses such as furniture, major repairs and house fittings. An Overdraft Relocation Loan is available to self-employed people to help with moving expenses. The loan pays interest only on the amount used. The relocation loan can help reduce stress and anxiety after paying large outflows for security deposits, furniture, and other moving expenses. Don’t be alarmed if your company transfers you to another place. Relocation Loans are just a few mouse clicks away.