PERSONAL LOANS

Financing a move: what are the options?

Moving can be expensive. Costs include having your old apartment cleaned, buying new furniture, paying for renovations, hiring professional movers and the deposit for your new apartment. Read here how much a relocation can cost and discover your financing options.

25.04.2023

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1.How much does moving cost in Switzerland?
2.When does it make sense to take out a loan for moving expenses?
3.How can I save money on moving?
4.How to take out a relocation loan

1. How much does moving cost in Switzerland?

Your moving expenses will depend on a number of factors. They include:

  • Number of rooms in your apartment

  • Distance between the old and new residence

  • Amount, weight and size of furniture and moving boxes

Other factors to consider when calculating your relocation costs include whether you hire a moving company, plan your move yourself or have your apartment professionally cleaned. Depending on the condition of your old apartment, you may also have to pay for repair costs. Additional expenses include rent for the new apartment, the new rental deposit, new furniture and disposal costs for old furniture.

As there are so many unique factors, the costs for each move have to be calculated individually. Use our moving cost calculator to obtain a general estimate for your relocation expenses based on the number of rooms in your new apartment and the distance between your old and new homes.

Average expenses for a move

Here's an example calculation for the cost of moving out of a 4.5-room apartment:

Moving costs breakdown by type

2. When does it make sense to take out a loan for moving expenses?

In some situations, a personal loan may be an appropriate solution for bridging short-term financial gaps and making your relocation easier. Once you have received your loan and prepared a budget, the money is yours to use as you see fit.

✔ No dipping into your savings account: it's always wise to have some savings for unforeseen events. A personal loan can pay the costs of your move while leaving you with enough money available for other situations.

✔ Financing your next rental deposit: landlords in Switzerland may request rental deposits that are equivalent to up to three months' rent. This is on top of the first month's rent that has to be paid in advance. Several thousand francs in bills can easily accumulate before you've even moved in. Paying your rental deposit using a personal loan means your money is available for other expenses such as buying new furniture and having your old apartment cleaned.

✔ Purchasing furniture from several stores: perhaps you're moving into a bigger apartment or need to dispose of some old belongings. In this case you may need new furniture. Instead of using your credit card at several different retailers or having to keep an eye on multiple bills over the coming months, why not simply take out a personal loan? This could free you up to pay for your furniture in cash, for instance, meaning you only need to think about paying off your monthly loan instalments.

Buying furniture: credit card, store card or personal loan?

When buying furniture, you may have considered other financing options like paying with a customer card or a credit card. Keep in mind that instalment payment plans at furniture stores tend to be expensive: paying by credit card or customer card can incur interest rates. In terms of costs, a personal loan is often the cheaper alternative.

3. How can I save money on moving?

There are steps you can take to reduce your moving expenses:

Compare moving companies: if you need to use a moving or cleaning company for your next relocation, it's advisable to compare quotes before selecting a provider. You can easily save several hundred francs this way. Save yourself tedious research on moving companies by requesting free quotes for your move directly from topmovers, the moving partner of Comparis.

Plan how to finance your move: decide early on how you will be financing your move. Be sure to plan for the entire move, from transport costs and new furniture to your new rental deposit. This way you will have better control over your finances in case any unexpected expenses arise. Would you like to finance your move with a personal loan? Then it would also be wise to compare interest rates and read up on the criteria for borrowers.

Draw up a moving budget: "the earlier, the better" holds true here. Be sure to plan for bigger expenses like the moving truck, cleaning costs and deposit, as well as smaller ones such as moving boxes, repairs, packaging material, movers and so on.

4. How to take out a relocation loan

Have you drawn up your budget and checklist? Then you have to decide how you'd like to finance your move.

If you want to take out a personal loan, you should first compare the different deals that are available. Use our free loan calculator to get an overview of interest rates and repayment periods from several Swiss lenders.

Submit a loan request via Credaris

Do you need help in finding the right personal loan for you? Intermediaries like Credaris can help find the right loan for you. Their experience and expert advice will raise your chances of getting approved for a loan.

Make a non-binding loan request online. This helps you save time and ensures that you'll only be dealing with legitimate lenders.

Submit loan enquiry now

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