06 DECEMBER, 2022

Have you been feeling a little stuck or stagnated in life lately? Whether that is in your career, your hobbies, or personal goals, with another year coming to an end, it is the right time to do something about it. This will allow you to gain the momentum you need before the next year begins and help set the right tone for it. A personal loan can come in handy for this very purpose. If you’re wondering how, read on.

1. Go on a vacation

There is a reason why travelling has gained the popularity it has over the last few years. A good vacation can help broaden your perspective, help you rejuvenate, and become more of a global citizen in addition to leaving you with a bunch of pictures that are worthy of being flaunted on social media. Whether it is a solo trip to the mountains or a beach getaway with your friends, get your calendar out and plan a much-needed vacation. You can easily fund this vacation by applying for a personal loan and pay it back through affordable Equated Monthly Instalments (EMIs) over a repayment tenure that is comfortable for you.

All you need to do is use a personal loan EMI calculator before you hit on the personal loan apply button to see how going on this vacation will impact your budget. The best part is you can apply for an instant personal loan online with just a few clicks. So, whether it’s a 12-day Ladakh trip with a Rs 1.5 lakh budget or a 15-day Vietnam trip requiring Rs 3 lakh, make it happen with an instant personal loan online.

2. Sign up for a course

If you feel like you need to upskill to grow in your career, then this is the perfect time to sign up for a course, a workshop, etc., that will help you move forward. This could be directly related to your current job role, or it could be related skills that could help you explore other roles of your interest. For instance, if you are a nutritionist but would like to expand your services for a more holistic experience for your clients, you could consider signing up for a teacher’s training Yoga program certified by the Government of India.

Taking a personal loan to upskill would be considered good debt as it would help to increase your earning capacity in the future. By adding to your current knowledge and skillset, you are positioning yourself well for new and better career opportunities.

3. Upgrade your assets

Your personal assets include everything big in value like your home and car to things like your gadgets and wardrobe. You might want to consider what part of your life needs upgrading at the moment and will provide the most benefits. For instance, if you are trying to set up a second source of income as a freelance artist, investing in software, tools, and gadgets that will help you in your process could be a smart move.

You could also consider upgrading your wardrobe including your clothes, shoes, accessories, etc., so that your style aligns with your current personality and the vibe you want to give out. After all, there is power in the way one chooses to dress. The best part about an instant personal loan is that you can use the funds for any purpose you would like. You are not restricted in any way and so if you hit on that personal loan apply button for Rs 5 lakh and choose to spend all of it on designer clothes and shoes, you are free to do so.

Depending on the stage of life you are in and your personal journey, you may need to do different things to enhance your personal growth. No matter what that thing is, an instant personal loan is by your side to help you meet that goal.

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Disclaimer: This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.