Coapplicant in home loan

Querist : Anonymous (Querist) 27 April 2011 This query is : Resolved
Is it mandatory for a co applicant in a home loan to be a coowner of the property?

Both spouse can get tax benefit of a home loan individually or jointly? how?

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Raj Kumar Makkad (Expert) 27 April 2011
There is no requirement to be a co-owner for co-applicant of bank loan for house but benefit of taxation shall be available only for the person re-paying loan.

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