Can spouse help in Personal Loan approval?

Accepted Answer ✓ Accepted

Yes, adding a spouse as a co-applicant can help in Personal Loan approval by increasing combined income and improving eligibility. Lenders assess both credit scores and repayment capacity. In India, this is commonly used when one spouse has lower income or limited credit history. However, both spouses become jointly responsible for EMIs, and any default affects both credit profiles.
5 upvotes

Suggested Answers

Yes, applying with your spouse can help, but both of you will be equally responsible.
0 upvotes by Manoj Bansal

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