Separate Home Loan for Husband and wife

[Vishnu]

I am planning to buy a new house. I would like to know whether my wife and I can avail "separate" (not joint Loan) home loans for the purpose?

Please advice.

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[Expert]

Your query is not very clear.

If you both want to take home loan than you both can get it depending on your eligibility. If you want to take two different loans for same property than it is not possible.

[Vishnu]

Yea. I was asking for the same property.
Thanks

[amanjawanda]

No, you and your wife cannot get loan individually on the same property. Joint Loan is a good option.

[jitkumar]

You can get the loan for different houses but not for the same property. You meant to say that both of you want to apply individually for home loan on individual salary slip not in joint account, that also fine. The bank check your financial margin and according to that bank provide home loan to both of you.

[Ishithanupur]

You cannot get loan individually on the same property, Joint account is good option

[ankitadixit]

You can take a Joint Home Loan with your wife.