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What is the role of Co applicant in Home loan in India

Planning to buy a home? For many of us buying a home is a lifetime investment. Everybody tries to have the best of the size, locality, amenities etc as per his eligibility. Blog: https://amritaagarwal.tumblr.com/post/170673888988/what-is-the-role-of-a-co-applicant-in-a-home-loan Apply For Loan: https://financebuddha.com/home-loan Facebook :https://www.facebook.com/financebuddha Twitter:https://twitter.com/financebuddha

What is the role of Co applicant in Home loan in

What is the Role of a Co-Applicant in a Home Loan in India Planning to buy a home? For many of us buying a home is a lifetime investment. Everybody tries to have the best of the size, locality, amenities etc as per his eligibility. If a person increases his borrowing capacity, he can have a home which is better in almost every aspect. One of the best ways to increase the eligibility and decrease the burden is to add a CO-APPLICANT. Who Can Be A Co-Applicant? A co-applicant is a person with whom one can apply for a combined home loan. A co-applicant is a person who has equal responsibility in paying EMIs. It is not necessary that a co-borrower must be a co-owner but if there is any dispute on the property then he/she will be accountable.

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