Can I take joint home loan with my brother ?

Hey friend, There are many individuals that do not meet the eligibility criteria set for availing of a home loan. In cases like this people opt for joint loans. I will answer your query about ‘can two brothers apply home loan’. Home Loans are a massive financial undertaking, keep reading to know more. Can I take joint home loan with my brother? Yes, You can take a home loan with your brother. According to what I know, two brothers can be the co-applicants of a home loan if they live together on the same property. This will increase the chances of both the people getting a loan together as the repayment capacity has been doubled. Another advantage to can brothers take joint home loan is the beneficial tax benefits. Both the borrower aka the brothers will get to claim tax benefits under Section 80C of the Income Tax Department. The incomes of both brothers will be considered during the process of loan assessment and approval. The loan responsibility will be shared. You might end up getting a higher loan amount along with a lower interest rate. This is all from my end on ‘can two brothers apply home loan’. Despite, your brother being your co-applicant. You must conduct your own due diligence about the loan. Good luck! I checked my EMI on the home loan through this, [widget_emi_calci] Buy or rent the house of your dreams ! Check out the real estate platform NoBroker to see properties in your area. Read more : What are the property documents required for home loan ? What is the processing fee for SBI home loan ?    Can I Pay Home Loan EMI Through Credit Card?