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Seven reasons why you should go for a joint loan to buy property

Besides increasing the eligibility, tax benefits will also double

Secondary loan mkt may completely change India's banking landscape: Experts
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Sarbajeet K Sen
In 2013, when Aditya Nitsure, 40, software engineer and Smita Barve, 37, a private sector employee bought a property on a joint home loan from LIC Housing Finance, their main reason was the rate of interest. Says Nitsure: “There was an offer of a lower interest rate of 10 per cent on a joint loan of Rs 44 lakh. Currently, the rate is 9.5 per cent. It also increased our eligibility.”

While Nitsure and Barve got a lower rate, one of the main reasons for going a joint home loan is eligibility. It allows the family to buy a bigger

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First Published: Oct 27 2019 | 10:34 PM IST

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