Home   >>    Articles   >>    Historical Queries   >>     Home Loan   >>    26114-Myself-wife-owning-flat-joint-wife-primary-owner
Get Home Loan Offers
A maximum of 5 providers will compete to give you the best rates (Jul 2017)
 
 
 
Yes No    
 

Preferred Banks
  •  Any 5
  •  INDIABULLS
  •  ICICI BANK
  •  HDFC
  •  AXIS BANK
  •  KOTAK BANK
  •  DHFL
  •  STAN CHART
  •  HSBC
  •  CITIBANK
  •  RELIANCE
  •  IDBI BANK

 
 
 
 
 
 

I authorize the website and its partner providers like HDFC Ltd, ICICI Bank, DHFL and other banks/NBFCs to call or SMS me in connection with my application & agree to the Privacy Policy and Terms of use

Search Queries related to...

Did not get what you were looking for? Ask an Expert


Ask An Expert

Date : Jul 30, 2009

Question

Dear Sir, Myself and my wife are owning a flat in joint name in which my wife is primary owner and myself as a co-owner, the flat is under construction as of now so it is not registered at Tehsil as of now and builder has provided buyer??s agreement in which nothing is mentioned about the proportion of ownership. We have taken home loan in joint name in which again my wife is primary borrower and myself is co-borrower and again nothing is mentioned in the loan documents about the proportion of loan between me and my wife. My question is: - I want to take tax benefits up to 70% of home loan repayment (principle as well as interest) and rest 30% for my wife (principle as well as interest), but the banker is saying it will issue a single certificate at the end of the year which will not mention any proportion of loan or EMI, it will just mention the amount of total principle and total interest paid jointly by us, in such case what we should, 1.Whether I should enter any agreement with my wife to decide the proportion of loan or EMI repayment or tax benefit to be availed or 2. We should repay the EMIs in 30:70 proportion, so that we can avail tax benefits accordingly or 3. Is there any other way out? 4. What will be the proportion of tax benefit if above 3 options does not work out, whether it will 50:50 for both principle and interest or any other? Regards Parvesh Mittal

Answer

You can  enter into a share agreement with your wife and specifiy the share in the property if you both are co-borrowers to the loan as well as co-owners to the said property.

 

 

26448 Is home loan available on lal dora area of delhi. I want to buy house on lal dora notified area
26447 Dear Harsh - I have a home loan for around Rs 28 lakhs taken along with my wife (joint home loa
26445 Sir I am a working in a pvt sector and with my present income able to save about Rs.2000 pm apa
26440 iay ,can i get any tax rebet onthe intrest part ?constructionm planning to buy a residential pl
26437 sir... i have seen a layout whose plan is panchayat approved. i want to buy the land and constr
26434 Dear Harsh, I have a existing home loan for a flat in thane(curent outstanding 31.6 lacs) with
26430 Sir, i have a property with me(new flat bought from the builder) which i need to sale... thefla
26417 Hello Sir,i m ex-serviceman i want to procedure to withdraw AGIF money.
26416 where do we get non encumbrance certificate from for last 30 years to attach with home loan app
26414 FORMAT REQUIRED FOR MHADA NOC FOR HOME LOAN
26412 What is the best home loan from sbi. sbi max gain or the normal home loan. Which interest is go
26410 hi, i have an existing home loan with ICICI bank, i still have to pay 1426341, right now the in
26408 Me and My wife wants to go for joint loan as she being co borrower.If i pay the 100% EMI ,can
26406 Hi Harsh, My mother is having a property. Can i take home loan for construction of a house on t
26405 I am planning to go for a home loan from Axis bank. I would like to know if I can go for an ins
26404 Dear Mr. Harsh Roongta, I currently own a property jointly with my daughter. I had taken a loa
26400 I want to buy a small flat in mumbai, whose carpet area is 250 sq ft. Am I eligible for a home
26397 I have selected a flat to purchase which is not yet registered. Flat papers are on the name of
26396 Hi, there is a property in bhayandar west which is being sold as a foreclosed property by a ban
26394 I have availed of a loan from BHW now known as deustche postbank. My current rate of interest f
26386 Sir , I want to repay my home loan of an amount of rs 10,00,000 taking money from my mother . H
26384 Dear Sir, Request you to let me know the current srvice tax and vat charges applicable in Baga
26383 which home loan is better LIC or Axis and why ?
26380 I am eligible for 30 lakhs home loan at SBI as well as HDFC. What you suggest sir, Can i take a
26379 I have taken home loan from LIC HFL for Rs. 5lacs in Jan 2008. Now the present interest is 10%.
26373 I wish to avail 18 Lacs Home Loan in coming one month. Please advice which bank offers lowest r
26371 I want to buy one builder apartment in resale from the first Allote. The first allote has not y
26368 can I sell my house to my wife as she is working and can she get loan from bank for the same?
26366 ihave applied for a home loan from SBI for construction of house on HUDA plot at Gurgaon.Bank a
26364 hi i am a defence personel i serve in vizag .i wamt to buy a plot in haldwani uttrakhand cost