A role of a co-signer is to pay the home loan in case of the borrower’s default to repay. A co-signer is a person usually with a good credit score in a joint home loan. Having a co-signer increases your joint home loan eligibility. However, both the applicant and co-applicant are liable to joint home loan tax exemption and it is not applicable for co-signers. But co-signer has risk of ruining their personal credit score and also they cannot remove themselves from the co-signer’s position.
Get a top-up loan without any extra documentationAPPLY NOW
Calculate your monthly EMI, installments and rate of interest applied on the loan amountCALCULATE NOW
Determine your Home Loan eligibility and accordingly plan the application amountCALCULATE NOW
Find your dream home from
18000 + properties