Home Loan

> >

What is the role of a co-signer?

Responsibilities of a Co-Signer in Home Loan

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.

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

Homes and Loans

Find your dream home from
18000 + properties

Explore More

Home Loan eligibility calculator

Determine your Home Loan eligibility and accordingly plan the application amount

CALCULATE NOW

Home Loan Balance Transfer

Get a top-up loan without any extra documentation

APPLY NOW

Home Loan EMI calculator

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

CALCULATE NOW