Co-applying a Home Loan with Your Spouse? Here's What Defence Families Should Know

Key Highlights:

• Joint home loans increase loan eligibility by combining the incomes of both spouses.
• Co-applicants who co-own the property can claim separate tax deductions, reducing overall tax liability.
• Many lenders offer special interest rates and benefits exclusively for defence personnel.
• Shared EMIs between spouses help reduce financial burden and improve repayment flexibility.
• Online platforms like udChalo simplify the process with access to defence-friendly home loan options.

For many defence personnel, owning a home is a lifelong goal. A joint home loan, especially with a spouse, can make this dream more achievable. Co-applying offers financial strength, greater loan eligibility, and added benefits.

This guide is tailored for defence families in India who are planning to co-apply for a home loan. It explains the benefits, eligibility requirements, application process, lenders, and special advantages available in 2025.

Why Should Defence Personnel Consider a Joint Home Loan?

A joint home loan allows two or more individuals to apply for a loan together. Most defence families prefer their spouse as the co-applicant. This makes loan approval easier and reduces the repayment burden.

For defence personnel, a joint loan also unlocks exclusive interest rates and better terms offered by many lenders.

Benefits of a Joint Home Loan with a Spouse

1. Higher Loan Eligibility

When both incomes are combined, lenders may approve a larger loan amount.

2. Tax Savings for Both

Each co-applicant can claim deductions under Section 80C (up to ₹1.5 lakh) and Section 24(b) (up to ₹2 lakh) annually.

3. Easier Loan Repayment

The EMI is shared, reducing pressure on a single income.

4. Defence-specific Offers

Banks and NBFCs often have special home loan products for defence families with reduced interest rates.

5. Easier Loan Approval

With a stable job profile and strong service record, defence applicants are seen as low-risk borrowers.

Who Can Be a Co-Applicant?

• Spouse
• Parents
• Children (if earning)
• Siblings (subject to lender policies)

The most common choice for defence personnel is the spouse, as it also helps with legal ownership and tax planning.

Important Points When Co-Applying with a Spouse

• Both applicants should ideally be co-owners of the property to claim tax benefits.
• If your spouse is not earning, she or he can still be a co-applicant, but the income used for eligibility will be yours.
• Credit score, age, and employment type of both applicants can affect loan terms.

Documents Needed for a Joint Home Loan

Top Lenders Offering Joint Home Loans for Defence Families in 2025

5 Key Highlights for Defence Personnel Co-Applying with Spouse

• Joint home loans improve loan eligibility and affordability.
• Spouses who co-own the property can claim tax deductions individually.
• Exclusive defence offers reduce the cost of borrowing.
• PMAY benefits are available for first-time homeowners, where eligible.
• Repayment is shared, reducing financial stress for a single earner.

Make a Smart Move Together

Co-applying for a home loan with your spouse can offer long-term benefits for defence families. From tax advantages to higher loan eligibility and flexible EMI sharing, it is a decision that supports both partners equally.

Defence personnel can now apply with ease through trusted platforms.

• Check your home loan eligibility with IIFL Home Loans
• Submit an enquiry with Aadhar Housing Finance

Whether you are planning to start a new chapter or secure your family’s future, co-applying is a step in the right direction.

FAQs

1. Can I take a joint home loan with my spouse if she is not working?
Yes. However, only your income will be considered for eligibility.

2. Will both of us need to be co-owners of the property?
To claim full tax benefits, yes. Co-ownership is highly recommended.

3. Do lenders offer better interest rates for defence applicants?
Yes. Many banks and NBFCs offer preferential rates and terms.

4. What is the maximum number of co-applicants allowed?
Usually, up to six co-applicants are allowed, depending on the lender.

5. Can both co-applicants share EMI payments?
Yes. EMI can be paid from a joint account or shared separately.

6. Are there benefits under PMAY for defence families?
Yes, if eligible. The benefit is up to ₹2.67 lakh for first-time homebuyers.

7. What if one co-applicant has a low credit score?
It may impact loan approval or interest rate. A good credit score is advised.

8. Can I add my spouse as a co-applicant later?
Some lenders allow this, but it is easier to apply jointly from the start.

9. Can I apply online for a defence home loan?
Yes. udChalo offers online application support through partner lenders.

10. Is joint loan repayment covered under service benefits?
Some defence housing schemes offer repayment support. Check with your unit.