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Joint home loan

Rights to property after divorce

How Jointly Owned Property Impacted After Divorce

There are many legal and financial obligations involved in buying a home. To share the burden of buying a home, people often opt for joint ownership, with relatives, especially spouses. Many people buy a property with their own money but register it in the name of their wives to benefit from the low property registration […]

Prahalad Singh

Know the difference between Co-owner and Co-borrower

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 […]

Tax Planning with Home Loan

A house is one of the biggest investments and most of us might already know that our home loans are eligible for tax benefits under the Income Tax Act. Today, Housing loans have become an attractive proposition to save taxes. For salaried individuals Public Provident Fund, Life Insurance Premium, Equity Linked Savings Schemes (ELSS) etc […]

Joint Home Loan A Wise Decision

Since buying a house is one of the most crucial financial responsibilities, a Joint Home Loan is a wise decision for a double income couple or for a parent and child. There are various types of home loans and different financial institutions competing to offer you Home loan at  attractive rates. The interest on home loans in […]

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