Curious about can brother and sister apply for home loan? In most banks and housing finance companies, a brother-sister pair is not allowed to jointly apply for a home loan, according to standard co-applicant policies.
Banks typically allow co-applicants only from close family relationships, such as parents, spouses, and children.
While two brothers may sometimes be permitted, only when they live together now and plan to live together in the new property. However, a brother cannot normally choose his sister as a co-applicant, and likewise, a woman cannot choose her sister.
Multiple banks cite inheritance and succession concerns in denying such combinations. Even if siblings want to co-own a property, banks may refuse to consider both as co-borrowers on the loan.
A co-applicant (or co-borrower) shares full legal and financial responsibility for repayment. However, for tax benefits (under Section 80C or Section 24), being a co-owner is important; some banks require co-owners to necessarily be co-applicants.
Brother-sister combinations for home-loan co-applicants are generally not accepted by most lenders, including HDFC Bank, because of legal and inheritance-related risks.
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Can Brother and Sister Apply for Home Loan?
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2025-11-24T19:23:02+00:00 2025-11-24T19:23:04+00:00Comment
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