Often, there has even been confusion on ‘can husband take home loan on wife property’.Loans are a massive financial commitment and require their own due diligence. Taking a loan with your wife might be a good move for you. Keep reading to find out why :
A husband can avail a joint home loan with his wife. He can buy a property in his wife’s name given that the payment for the property is done legally. There are certain benefits to taking a house in your wife’s name and taking a combined loan together.
Can husband take home loan on wife property ?To answer your question in simple terms, yes, a husband can take out a loan on wife’s property. Depending on your loan requirement and eligibility, you can choose a suitable property loan from the bank. The collateral provided will be pledged for repayment by both people.
Taking a joint home loan with your wife will give you added benefits:Higher loan amount
Joint home loan eligibility is higher.
Discounted interest rate for women applicants.
Reduction in Stamp Duty etc.
If you have more questions about can husband take home loan on wife property. Leave them in the comment section below.
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Read more :
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What are the property documents required for home loan ?
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Authors Of The Question
Can husband take home loan on wife property ?
Raghu
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2 Year
2022-03-17T09:07:03+00:00 2022-03-17T09:28:55+00:00Comment
1 Answers
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