Who can be a co-applicant in a loan?

Who can be a co-applicant in a loan?

A co-applicant for a Loan is generally a Family Member or a Co–Property Owner.

The following co-applicant combinations in case of a family are the most accepted by the Lenders:

A son or daughter can co-sign a loan for their parents

A pair of brothers can co-sign a loan

A married couple can co-sign a loan

A minor or a friend, who is not a joint property holder cannot be a co-applicant.