Product Education: Introducing the RentReady Personal Loan
Leveling up into a new rental is an exciting step forward, but it can come with steep upfront costs. Between your first and last month’s rent, security deposit, and application fees, you might find yourself needing a big chunk of change just to secure the keys. For many, that could mean draining your savings or putting off other financial goals.
Luckily, there’s an alternative: Mazuma’s RentReady personal loan can help you cover those initial rental costs and make your move. In fact, financing your move this way can actually create more financial flexibility and opportunity if managed responsibly.
RentReady Loan Benefits
Our RentReady loan is an unsecured personal loan conveniently designed to cover common rental expenses like your first and last month’s rent and/or security deposit, so you can make the move with less stress!
1. Preserve Your Savings for Emergencies
Instead of wiping out your emergency fund or savings account to cover move-in costs, our RentReady loan allows you to keep that cushion intact. Having liquid cash on hand can help you handle unexpected expenses like medical bills, car repairs, or job changes.
2. Create a Smoother Transition
Moving often comes with hidden expenses like buying furniture, paying for movers, utility setup fees, and more. RentReady can help you budget more predictably, making it easier to balance your new rent payment alongside your other financial obligations.
3. Potentially Build Credit
If you’re looking to strengthen your credit profile, responsibly managing a personal loan can help. On-time payments may improve your credit score, which can open doors to lower interest rates on mortgages, auto loans, or future rentals.
4. Access Better Housing Options
Sometimes, the perfect rental (whether it’s closer to work, in a better school district, or with more space) comes with higher upfront costs. A RentReady loan could help you find housing that better suits your priorities, which might not have been feasible otherwise.
Leveling Up
Financing your rental move with a RentReady personal loan can help you level up your life while protecting your savings, simplifying your finances, and creating opportunities that set you up for future success — both financially and personally.
If you’re ready to make your move, check out Mazuma’s RentReady application today!
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Insured by NCUA
Membership eligibility required.
Subject to credit approval. Rates and terms subject to creditworthiness.
See a Team Member for details.
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