Home loan
What is difference between a Co-owner and Co-borrower?
Co-owners and Co-borrowers are two terms that are often interchanged in context of home loans. However, both these terms are interrelated but are not interchangeable. To know the difference between the two, one must first understand these terms and their relation with home loan. To build a fixed asset, a home Loan is required. Home loans are also […]
Joint home loan: Benefits and risks
What is a Joint Loan ? A joint loan is when money is borrowed from the bank by two or more borrowers. An advantage of joint loans is that more than one income holders are liable to pay EMIs and can get approval for a higher loan amount. Additional borrowers also bring in better credit and collaterals to […]
