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Thread: Separate Home Loan for Husband and wife

  1. #1
    NewBie
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    Jan 2013
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    Default Separate Home Loan for Husband and wife

    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.



  2. #2
    Moderator Expert's Avatar
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    Default

    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.
    * SAFE
    Self Appointed Financial Expert

  3. #3
    NewBie
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    Default

    Yea. I was asking for the same property.
    Thanks

  4. #4
    Banned
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    Apr 2013
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    Delhi
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    Default

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

  5. #5
    NewBie
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    Mumbai
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    Default

    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.

  6. #6
    NewBie
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    May 2017
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    Hyderabad
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    Default

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

  7. #7
    Banned
    Join Date
    Jun 2018
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    India
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    Default

    You can take a Joint Home Loan with your wife.

  8. #8
    PW Fan
    Join Date
    Jul 2019
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    Hyderabad
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    59

    Default

    no it is not possible to take two different loans on the same property. If both your husband and wife are taking the loan on the same property then the best option is to take joint loan.


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