Pros and cons of taking a joint home loan with a sibling SECTIONS Last Updated: Jun 07, 2021, 06:30 AM IST Share Synopsis As the name implies, a joint home loan is a loan that you take with another person, usually a spouse or a sibling. Chances of getting a home loan at attractive interest rates are much higher in a joint home loan compared to the regular one. Getty Images As per the income tax regulations, a joint home loan will allow both the co-borrowers to claim tax benefits under Section 80C. Priya has realised that buying a house isn’t easy in a metro like Delhi, where she has been working with a famous design house for the past seven years. She hails from a small town and has always dreamt of having a house of her own in the city, not too far away from her workplace.