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Spouse & blood relatives can be co-applicants for housing loan. But some banks will not accept brother combination.
Answered on August 21, 2011 by Mahesh Kumar |
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Spouse and blood relatives can be co-applicants for a housing loan.
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Spouse son father mother blood relations like brothers sisters till they get married
Answered on May 3, 2011 by R Vijayanandhan |
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A co-applicant is the second signer of the loan. The co-applicant hold sa much responsibility to pay the loan as the applicant co-applicant serves as a guarantor if the primary applicant defaults and the n he would be liable to repay the loan amt to institution. Any blood relation can be a co-applicant but not the sister of any person. A wife could also be a co-applicant.
Answered on May 3, 2011 by Prabhakar Tripathi |
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A Co-Applicant(s) is/are the Co-Owners of the property in respect of whom the financial assistance has been sought. However all co-applicants need not be co-owners. Usually co-applicants are: husband/wife, father/son, mother/daughter etc.
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Usually a spouse can be a co-applicant. Other immediate family members are also acceptable to some companies, depending on merits. If both partners are working, it is better to have your spouse as a co-applicant since this will entitle you to a much larger loan.
Answered on May 3, 2011 by Gautam Bansal |
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Usually a spouse can be a co-applicant. Other immediate family members are also acceptable to some companies, depending on merits. If both partners are working, it is better to have your spouse as a co-applicant since this will entitle you to a much larger loan.
Answered on May 3, 2011 by Rupesh Sahal |
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