Get online personal loans in kerala

Personal Loan in Kerala

Apply for a personal loan up to ₹45,000 and avail disbursement within 10 minutes.

100% online process

Approval in 10 mins

Direct bank transfer

Flexible tenure

100% online process

Approval in 10 mins

Direct bank transfer

Flexible tenure

Take a loan to explore the city!
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Instant Personal Loans in Kerala

Kerala is renowned for its serene backwaters and rich cultural heritage. Amidst this picturesque setting thrive industries in bamboo, handloom, petrochemicals, shipbuilding, research, and educational institutes, offering abundant opportunities for education and careers to college students, job seekers and the self-employed.

As Kerala's economy grows, so do personal expenses. Traditional loan processes often prove cumbersome for managing small to medium expenses efficiently. This is where mPokket comes, a leading personal loan app in India. We specialize in offering instant loans up to ₹45,000 to college students, salaried individuals, and the self-employed across Kerala. Whether you're planning a family event, pursuing educational aspirations, covering medical emergencies, or facing unexpected financial needs, mPokket provides swift access to personal loans tailored to Kerala's dynamic lifestyle.

Eligibility Criteria

Age: 18+ Years

Nationality: Indian

KYC Documents

Proof of Education/ Occupation

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Cochin spice market
LuLu Mall
Kovalam Beach Market
Munnar Market
Broadway Market
Cochin spice market
LuLu Mall
Kovalam Beach Market
Munnar Market
Broadway Market
Cochin spice market
LuLu Mall
Kovalam Beach Market
Munnar Market
Broadway Market
Cochin spice market
LuLu Mall
Kovalam Beach Market
Munnar Market
Broadway Market
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Alleppey
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Wayanad
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Our Blogs

A sudden job loss will hit you out of nowhere and throw you off balance, and in today's economy, it is a genuine concern. Due to company cutbacks, you find yourself without a job. It will be affecting not only your professional life but also your financial well-being.

As shocking as the news might be, it is crucial to take control of the situation and manage your finances wisely. So, how do you weather the storm?

This comprehensive guide gives you a roadmap on how to manage the complexity of managing finances, understand what are the first steps to take after losing your job, why is budgeting important after job loss when you should consider taking quick loans online and more.

What are the Immediate Steps to Take After Losing Your Job?

Take a look at detailed steps of what are the immediate steps to take after losing your job:

  • Assess your financial situation: Assess your financial situation to determine how long your resources will last. Create a list of all major household expenses.
  • Create a detailed budget: A detailed budget will be like a roadmap to help you prioritise expenditures and identify areas for adjustments. This is why budgeting is important after losing your job.
  • Understand your severance option: Many companies offer severance pay after laying off employees. Find out if your company is providing any, and if it is, then find out the amount, date of payment, and if there are any other employee benefits.

How to Deal With the Stress of Losing Jobs?

You need to understand that you are not the only one who has gone through economic uncertainty due to job loss. Once you realise this, follow these steps:

  • Apply for the loan: Find reputable online lenders like mPokket that offer personal loans with reasonable interest rates and terms.
  • Use the loan wisely: Use the funds for essential expenses to avoid unnecessary debt. Prioritise payments for housing, utilities, groceries, and other critical needs.
  • Minimise additional debt: Avoid taking out multiple loans or using high-interest credit cards, which can lead to a debt spiral.

What are the Mistakes to Avoid During Job Loss?

Here are some of the red flags that are worth noting down to ensure you don’t commit them after losing your job:

  • Not checking details of the exit package before leaving
  • Not keeping track of your spending
  • Using your retirement funds
  • Draining your emergency savings
  • Not applying for jobs

Financial Strategies to Bounce Back After Sudden Job Loss

If you are looking for answers to where to find financial assistance and resources after losing your job, consider online loan options like personal loans or short-term loans. Many online lenders offer personal loans that can be used for various expenses. Alternatively, you can also think of taking short-term loans for emergencies from mPokket for seamless burrowing.

Conclusion

Knowing where to find financial assistance and resources is crucial in times of financial difficulty. Seek family support, take short-term loans online, or consider skill development loans to upgrade your skills for better prospects. Look for better job opportunities, upgrade your skills, and build a strong network.

mPokket is a convenient way to access quick cash loans, ideal for covering unexpected expenses or bridging the gap during a job search. With a straightforward application process and quick disbursement, we provide the short-term loan you need when you need it most, helping to alleviate stress and allowing you to focus on finding your next job opportunity.

Jul 10, 2024
  |  4 min read

How To Handle Sudden Job Loss: Financial Strategies For Stability

Discover essential financial strategies to maintain stability after sudden job loss. Learn tips from mPokket for managing finances effectively during tough times.

Introduction

As kids, many of you have had the privilege of learning important lessons of life from your parents. Ranging from talking and walking to standing on your feet, parents teach us a lot. One of the many life skills that you get to learn from your parents, especially fathers, includes handling finances.

Wondering how can dad's money management tips benefit you? Let us find out why is dad's advice on financial planning important and what are lessons we learn from him in financial matters.

Lesson 1: Importance of Budgeting

Budgeting is crucial for managing any burrowing, including instant cash loan and other finances. It helps track income and expenses, ensuring that essential needs are met first. It aids in allocating funds towards debt repayment and savings, preventing overspending, and promoting financial stability and goal achievement.

Lesson 2: Understanding Debt

Understanding debt is essential for managing loans and finances. Recognise the difference between good debt (investments like education or property) and bad debt (high-interest consumer debt). This awareness helps prioritise repayments, minimise interest costs, and make informed borrowing decisions, fostering better financial health and stability.

Good Debt vs. Bad Debt

For sound finance management, it is crucial to know the difference between a good and a bad debt:

  • Good Debt: This debt can help increase your net worth or generate income, such as student loans, mortgages, and business loans. It is often considered an investment in your future.
  • Bad Debt: A bad debt is usually a high-interest debt used to purchase depreciating assets or non-essential items, such as credit card debt and payday loans. It can quickly become unmanageable and negatively impact one's financial health.

Focus on managing good debt responsibly and avoiding bad debt whenever possible.

Lesson 3: Wise Loan Management

Proper loan management is critical to maintaining financial health. So, what are the types of loans dad advised managing wisely? Here is what he taught on loan management.

  • Understand Loan Terms: Ensure you understand all the loan terms, including the interest rate, repayment period, and fees.
  • Borrow Only What You Need: Avoid borrowing more than necessary. Borrowing only what you need helps prevent overextending yourself financially.
  • Make Timely Payments: Always pay what you borrow on time. Avoid getting trapped in late fees, which can damage your credit score.
  • Pay More Than the Minimum: Pay more than the minimum amount due. This will reduce your principal balance faster and save you on interest over time.

Lesson 4: Saving and Investing

Saving and investing is key to managing loans and finances. Saving gives you a safety net for emergencies so you won’t need to borrow. Investing grows your wealth over time so you can achieve long term goals. Both gives you financial security so you can better manage your loans and be economically stable.

Lesson 5: Responsible Borrowing

Responsible borrowing is key to managing loans and finances. Take only what you need instant cash loan with good terms, pay on time to maintain good credit score and avoid high interest debt. This way you minimize financial stress, prevent debt accumulation and support long term stability and health.

Lesson 6: Long-Term Financial Planning

Long-term financial planning is a must-have for handling instant cash loa and finances. It declares goals transparently, anticipates future needs and expects future challenges. The process guarantees savings over time, skilled debt management, and strategic investment, thus guaranteeing financial security and affluence in the days to come.

Lesson 7: Teaching Financial Literacy

Awareness of emergency payday loan helps you with the financial tool kits. You can make better decisions about your money, budget properly as well as invest wisely through it. Understanding economic concepts will help one avoid mismanaging debt, improve savings schemes and promote lasting fiscal stability that leads to autonomy.

Conclusion

Managing various borrowings and short-term loans online is essential for financial stability and long-term success. By understanding your financial situation, creating a realistic budget, differentiating between good and bad debt, managing an urgent emergency loan wisely, building an emergency fund, improving your credit score, seeking professional advice, and continuously educating yourself, you can confidently navigate the complexities of personal finance. The key to financial success lies in making informed decisions and maintaining discipline in your financial practices.

Jul 9, 2024
  |  4 min read

Dad's Financial Guidance: Lessons On Managing Loans And Finances

Learn valuable financial tips from mPokket on managing loans effectively. Expert advice to help you navigate personal finances with confidence.

Introduction

Single parents juggle many responsibilities, making it an uphill battle to manage finances, childcare, household duties, and work. They are burdened with the costs of their child’s food, clothes, medical care, education and more.

But with smart strategies, single parents can turn around their financial game. Here is a detailed guide on how and when should single parents start budgeting, essential budgeting tips, where can single parents find budgeting resources and more.

What are the Financial Struggles of Single Parents?

Take a look at the following financial struggles and see if you can identify any of them:

  • Limited income
  • Lack of savings
  • High childcare costs
  • Unplanned expenses
  • Not having child support
  • Unable to create emergency funds
  • Inability to maintain a good credit score

Tips on how Struggling Single Parents can Survive Financially

Here are some tried and tested tips on how struggling single parents can survive financially:

  • Improve your financial habits: As you identify financial mistakes, it will be easier for you to create a new plan. Avoid getting into debt unless it is an emergency.
  • Have an emergency fund: Begin with small, manageable savings goals and gradually increase the amount. Set up automatic transfers to your emergency fund to ensure regular contributions.
  • Creating a proper single-parent budget: Review recent financial statements to understand your finances and make a monthly budget.
  • Leverage instant loans: When facing financial emergencies or unexpected expenses, instant loans offer convenient access to money without lengthy approval processes.
  • Take life insurance: It is very important to have a financial backup like life insurance for your child. As a nominee, your child will be entitled to benefits if something happens to you. 
  • Open a savings account in your child’s name:  Set up a bank account in the name of your child where you place a reasonable amount for them. This is a great way of teaching them financial planning and saving money.

What are the Types of Loans Available for Single Mothers in India?

If you are wondering, “Where can single parents find budgeting resources?” here is a list of popular types of loans in India:

  • Personal Loans: Personal loans are unsecured loans that can be used for a variety of purposes, including medical emergencies, home repairs, or debt consolidation.
  • Education Loans: This type of loan can be used to finance students' education. Mothers can use it to fund their children's education to ensure a secure future.
  • Business Loan: Business loans are available for single mothers who wish to start or expand their own business. These loans can help cover startup costs, inventory, equipment, or working capital.
  • Travel Loan: Travel loans can be used to finance travel expenses for vacations, family visits, or other travel-related needs.
  • Debt Consolidation Loan: Debt consolidation loans allow single mothers to combine multiple debts into a single loan with a lower interest rate. This simplifies repayments and can reduce overall interest costs.

Conclusion

Being a single parent is tough, but innovative strategies can help you achieve financial stability. Start by improving your financial habits and creating a budget. If you need urgent cash loans, platforms like mPokket offer easy cash loans online. You can apply for short-term loans quickly and conveniently. Explore budgeting resources made for single parents. With the right approach, you can build a secure and prosperous future for you and your children.

Being a single parent is challenging, but with a little strategic planning, you may achieve financial security. Create a budget and improve your financial habits first. Easy cash loans online are available with mPokket in times of need. Apply for short-term loans which are easy and quick to submit. Recall that you are not by yourself. If you take the right actions, you and your children can build a secure and wealthy future together.

Jul 8, 2024
  |  4 min read

Effective Budgeting Tips For Single Parents

Discover essential budgeting tips for single parents to manage finances effectively. Learn how to stretch your income wisely with mPokket's expert advice.