Some of the major advantages are as follows: step one. Highest amount borrowed: While the earnings regarding one another individuals is considered to own examining the utmost amount borrowed, you will find a leading threat of getting a much bigger ticket size mortgage as a result of the couples as the co-candidate. 2. Shared EMI: One or two co-candidate on a personal bank loan turn out to be co-borrowers just after its application for the loan is approved. New co-consumers with the a loan assist in sharing this new EMI weight daily. You can talk about the plan along with your partner and you will show the new financial so you can deduct new EMI out-of each other the accounts appropriately. Read more