Yes, two or more people can apply for a home loan for the same property together. They can be both co-applicants and co-borrowers. Co-applicants share property ownership, while co-borrowers share loan repayment responsibility. The loan amount and eligibility are determined by the applicants combined income, credit score, and other factors. It can be advantageous because it increases the chances of loan approval and increases the loan amount that can be obtained.
