Getting a personal loan with cosigner is possible. Availing of a personal loan with a cosigner will increase your chances of getting approved, especially if he or she has a good credit score. You will enjoy quick disbursal, better interest rates and other facilities. The cosigner will act as a backup for you and assure the bank that the money will be paid in due time.
Can I Have a Co-Signer on a Personal Loan?
Yes, having a co-signer on a personal loan is possible and it can
Highly increase the loan approval chances.
With a cosigner who has strong credit, you will be able to enjoy a lower interest rate on your loan.
A co-signer also helps to reassure lenders that the loan will be repaid within the stipulated time.
So I hope this answers: can you have a cosigner on a personal loan or not?
Lenders for personal loans that allow a cosigner are:
Axis bank
ICICI
Bajaj Finserv and others
You can check with your bank’s official whether they allow co-applicants or not and if possible, try to get someone so that you can enjoy the benefits.
Get Your Personal Loan Approved Instantly with an Interest Rate Starting from 12.99% with NB InstaCashRead More:
What is co applicant in Loan?
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Authors Of The Question
Can You Have a Cosigner on a Personal Loan?
Kshama
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1 Answers
60 days
2024-10-30T18:50:44+00:00 2024-10-30T18:50:45+00:00Comment
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