Moving is not cheap – everyone knows that who has moved once or several times in their lives. Fees still have to be paid to the broker, the commissioned moving company has to be paid, the renovation of the old apartment costs money and new furniture for the apartment is usually still needed. Another cost item is the rent deposit to be paid to the landlord of the new apartment. As a rule, the amount of three net cold rents is to be deposited in a separate account when the rental agreement is signed. The money must also be there and then of course there is no money for the previously mentioned cost items.
It becomes particularly problematic when tenants think they can transfer the deposit from the previous apartment to the new rental deposit. The only problem is that the dates overlap. The new rental deposit must be paid before the old rental deposit is paid out. This means that those wishing to move are at least temporarily charged twice. It is therefore advisable to take out a loan for a rental deposit at short notice to bridge this double burden. This loan can at least partially be repaid early if the rent deposit of the old apartment is paid.
What type of loan is reasonable for the rental deposit
Some consumers use their overdraft facility in the event of short-term liquidity shortages, as is the case with the double charge for the rental deposit. This is a possibility that is offered if the expensive overdraft facility is not needed for other costs associated with the move. It should also be noted that overdraft is a very expensive loan in the long run. The claim should only be used if the loan can be repaid in three months.
Take out a small loan for the rental deposit
It is much cheaper if consumers look for a cheap small loan on the Internet. Ideally, a free loan comparison on a corresponding portal will help you find the cheapest loan. Make sure that interest rates are low and the rental deposit loan does not cost any additional fees. In addition, free early redemption should be possible. Not all banks allow their customers to redeem loans in advance without paying fees.
Plan the loan for rent deposit
If additional costs are not covered in connection with the planned move, the additional money required can be accommodated in the loan for rent deposit. A cheap installment loan for free use is paid into the borrower’s account. The borrower then decides for himself what is financed with the money. One part can then be used for the rental deposit, another part for the purchase of furniture or the like. In such cases, it should be noted that the bank enables the customer to make special repayments at any time free of charge. In this way, the rent deposit from the old apartment can be used later for special repayment and the monthly charge can be reduced.
Requirements for granting credit
Consumers get a loan if they are also creditworthy and can also prove their creditworthiness. As a rule, this requires faultless Credit Bureau information and a permanent position with regular income in a attachable amount. For married and married couples, the banks like to see both partners sign the loan agreement.
When Hartz IV recipients have to pay a rental deposit
Even people without a job and without attachable income have to move if, for example, family growth is announced, or if the job center requires that the apartment, which is too large, has to be exchanged for a smaller apartment. Beneficiaries of social benefits are generally not able to finance an expensive move. They also don’t get any credit from the bank. But you can get a loan for rent deposit from the job center on request, so that nothing stands in the way of moving here, too.