Is there a difference between a co-signer & co-applicant?

While applying for a joint home loan, an applicant may have a co-signer or co-applicant. The difference between the two is that the co-applicant shares to pay the EMI on home loan interest rates while a co-signer needs to pay only when the borrower is at default to pay the home loan. Having a co-applicant increases your home loan eligibility.

Home Loan Instant Approval

Please enter your first and last name
Please enter 10 digit mobile number
Please enter valid Office Email ID
Please select your employer name from list

People Also Considered

Home Loan Balance Transfer

Get a top-up loan without any extra documentation


Homes and Loans

Find your dream home from
18000 + properties

Explore More

Home Loan EMI calculator

Calculate your monthly EMI, installments and rate of interest applied on the loan amount


Home Loan eligibility calculator

Determine your Home Loan eligibility and accordingly plan the application amount