को-एप्लीकेंट का मतलब

को-एप्लीकेंट एक व्यक्ति है, जो किसी अन्य उधारकर्ता के साथ जॉइंट होम लोन के लिए अप्लाई करता है. को-एप्लीकेंट, को-साइनर या गारंटर से लोन से जुड़े उनके अधिकारों के संदर्भ में अलग होता है.

Who can be a co-applicant for a home loan?

होम लोन के लिए को-ओनर को को-एप्लीकेंट होना चाहिए. केवल कुछ संबंध को-एप्लीकेंट हो सकते हैं: बेटा और अविवाहित बेटी अपने माता-पिता के साथ जॉइंट होम लोन के लिए अप्लाई कर सकते हैं. एक पति और उसकी पत्नी एक साथ अप्लाई कर सकते हैं. दो भाई एक साथ होम लोन ले सकते हैं, लेकिन भाई-बहन या बहन-बहन के कॉम्बिनेशन की अनुमति नहीं है. दोस्त के साथ जॉइंट होम लोन नहीं लिया जा सकता. नाबालिग को-एप्लीकेंट नहीं हो सकता है.

जॉइंट होम लोन के मामले में, को-एप्लीकेंट की इनकम का उपयोग उधारकर्ता की आय को बढ़ाने और उनकी होम लोन पात्रता को बढ़ाने के लिए किया जा सकता है. सही लोन राशि और अवधि चुनने के लिए, होम लोन ईएमआई कैलकुलेटर का उपयोग करें.

Co-applicant example

A co-applicant in a home loan is someone who applies for the loan alongside the primary applicant. For example, consider Mr. and Mrs. Smith, a married couple. To increase their loan eligibility and share the financial responsibility, they apply for the loan together. They both co-own the property, split the repayment burden, and enjoy potential tax benefits. This arrangement divides financial commitment and offers a safety net for both parties.

Co-Applicants vs. Co-Signers

Co-applicants and co-signers play distinct roles in a home loan application, each with its own level of financial responsibility and implications.


  • Share loan responsibility and ownership.
  • Both contribute to eligibility and credit assessment.
  • Can claim tax benefits and share risks.


  • Provide loan repayment guarantee if primary borrower defaults.
  • Not co-owners, their credit assessment may not always be required.
  • Generally, do not receive tax benefits but carry higher repayment risk.

It is advised to choose carefully based on financial needs and understand implications before involving co-applicants or co-signers in a home loan application.

सामान्य प्रश्न

What is the difference between a first applicant and a co-applicant?

The terms ‘first applicant’ and ‘co-applicant’ refer to individuals involved in a home loan application, each with distinct roles and responsibilities. Understanding the difference between them is crucial when applying for a home loan.

First applicant:

  • Main borrower with primary responsibility for the loan.
  • Credit assessment focuses mainly on their financial profile.
  • Owns the property and communicates with the lender.


  • Applies jointly, sharing loan responsibility and ownership.
  • Both applicants' credit histories and incomes are assessed.
  • Shares ownership rights and contacts the lender as needed.

Both play distinct roles, affecting loan eligibility, ownership, and financial obligations.

Can a co-applicant be removed?

Yes, it is often possible to remove a co-applicant from a home loan, but the process and requirements can vary depending on the lender and the specific terms of the loan agreement.