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How a Personal Loan Could Help Your Next Move
●September 2, 2019●6 minute read
The Jacaranda team works hard to ensure the quality and accuracy of our articles.
Is it time for a change of scenery? Maybe your current housing has gotten too small, or perhaps you have so much space you don’t know what to do with it. Ultimately, it’s just time to move on!
Whether you’re upsizing or downsizing, there’s no escaping the expense of moving. You could attempt to rally your loved ones to save yourself some money, but even if you do, there’s still bound to be a few costs that hit you where it hurts.
So, rather than letting yourself get overwhelmed with the financial costs of moving, why not consider a personal loan? As a short-term form of finance, you can find personal loans ranging from $300 to $10,000. If you’re thinking, what could I possibly use that cash for? Well, we’ve broken down the costs of moving, and we think you’d be surprised.
Here are 6 ways a personal loan could help you cover the costs of your next move.
1. The Packing
Chances are, you probably didn’t save the boxes you used last time you moved. You might be able to scrounge up a few leftovers from family and friends, but you’ll probably need to buy extras too. Now you’re left thinking – how much is a cardboard box? And how many will I need?
You can find boxes under $5 each but multiply that by 20, and you’re already at $100. Unless you’ve also been hoarding newspapers, then you’ll also need to purchase some supplies to protect your items. You can find bubble wrap or butchers paper for roughly $9.90 per 50m. That’s not too bad, but it adds up.
For whatever reason, you may also be considering paying your removalists to deal with the packing as well as transportation. That won’t come cheap, either! With a small personal loan, you could cover whatever packing costs you needed to and payout your loan once you’re settled. Lenders like Jacaranda will even let you make repayments early, without any exit fees!
2. The Repairs
When it comes time to pack up your belongings, you’ll likely stumble across some repairs that need to be made. Remember that leaky tap? What about that dent in the wall? If you’re selling a property, then these repair costs definitely fall to you to deal with. If you’re renting, you won’t have to worry about leaky taps but paint dents – definitely. You could just take the cost of these repairs out of your bond, but that’s not your only choice.
With a small $300 personal loan you’d have more than enough to cover any small property repairs easily! Then, you can repay the loan as fast or as slow as you need to.
3. The Bond Clean
Perhaps the worst thing about moving house is the cleanup. There’s no hiding from the horrors hidden by your couch all these years. While some may relish the process of cleaning, others not so much. If you’re moving out of a rental, you also have to meet the standards of a bond clean before you go. So, employing a professional cleaning service may be your only choice.
Of course, it’s hard to estimate exactly what you might have to pay for a bond clean. Yet, for a three-bedroom home, you could pay as much as $150 for a thorough clean. With a personal loan, though, costs won’t have to matter. You can ensure your old home gets the polish it deserves without stressing about finances!
4. The Removalists
Arguably the most expensive part of moving, removalists can sting you in more ways than one. For starters, their rates can be as much as $50 per hour, per person. That’s not even factoring in additional transport and insurance costs not included in their hourly rates! If you’re moving interstate, you’re likely to pay even more.
Worse still, you better hope they don’t cause any damage to your items or property! There are more than enough horror stories of people having to fork out hundreds for damages they didn’t create.
With all this considered, a personal loan can help ease the financial stress and protect you from any nasty surprises.
5. Moving Insurance
Some moving companies may provide insurance as part of their services. Yet, these rates are usually not enough to replace items, especially expensive or valuable ones. Depending on the cover, you’ll probably need to seek out additional insurance. When you do, you also have to be wary of the fact that the rates reflect maximum coverage. In most cases, you won’t actually receive the maximum coverage you’re entitled to due to a range of reasons.
On top of this, you may have to update any existing insurance you have on your home. This could probably up your premiums, depending on your new house.
Sure sounds like enough to leave anyone light in the pockets! Well, with a personal loan, you can get the financial boost you need.
6. New Furniture
This might not be a must for everyone moving, but often you end up buying new furniture when you move. Whether you’re upsizing or downsizing, you’ll probably want to swap out or buy more. However, other expenses may hold you back. With a personal loan, you don’t have to go weeks without that couch you wanted. You can get comfortable in your new home and pay off your loan at a slower pace!
Fast Personal Loans with Jacaranda Finance
When it comes to personal loans, you can’t get faster service than Jacaranda! A trusted name in personal lending, Jacaranda Finance is an online private lender that aims to give everyday Aussies a fair go. Basically, we do our best to provide personal loans between $300 and $10,000 to a range of clients, including those who may be on Centrelink or have a bad credit history.
Better yet, applying with us couldn’t be simpler. Since we only deal with the essentials, it could take you only a few short minutes to apply. Once we’ve got your application, we will assess your situation and determine whether we can supply you with the funding you’re after. With no long-winded questions or drawn-out approval process, we could have an outcome for you in as little as 60 minutes (subject to a submission within AEST working hours).
Above all, we believe in responsible lending. As a result, we will not give anyone a loan we believe they can’t repay. That doesn’t mean we will discredit people with bad credit or Centrelink incomes. Rather, it reflects our desire to give comprehensive and fair assessments to all Australians in need of finance. So, if you’re not sure whether you’ll be approved for a loan with us, apply anyway! It’s free to do so, and we’ll be able to let you know if we can help in any way.
Is a Personal Loan Right For Me?
Ultimately, this is something everyone must consider when weighing up any form of finance. Before applying for a loan with Jacaranda, we encourage you to think about your personal circumstances.
Look at your current monthly outgoings and any other existing financial commitments you may have (e.g. credit card, mortgages etc.). If you are looking for personal loans to cover the cost of your moving expenses, will you still be able to pay off your other expenses in the event you take on another small loan?
At the end of the day, Jacaranda does not provide financial advice, so you must consider these things personally. However, if you would like more information about any of our loan products, don’t hesitate to get in touch. Our friendly team are more than happy to help you regarding fees, repayment requirements, and more!
At Jacaranda, we firmly believe in transparency. Therefore, we will try to outline all the necessary information clearly in our loan agreement for you once your application is approved.
If you want to find out more about personal finance, check out our blog for the latest in money and lifestyle tips. Whether it’s getting the lowdown on the 2019 Rugby World Cup or learning about how instant banking could affect you – we’ve got the insights!
Copyright © www.jacarandafinance.com.au Jacaranda Finance Pty Ltd ® ABN 53 162 078 195 Australian Credit Licence 456 404, Pawnbroking License Number 4221738. The information on this web-page is general information and does not take into account your objectives, financial situation or needs. Information provided on this website is general in nature and does not constitute financial advice.
Written by Jacaranda Team