Gaurav Mohta | Answer |Ask -Follow
Answered on Oct 31, 2022
I want to know whether my mother-in-law can repay our home loan. Can she issue a check to repay our home loan? She is a tax payer. Please let us know.
So you have two options here: you can either add your mother in law to the home loan as a co-applicant whereby she can pay the EMI and claim tax benefit on the same. Else she can be added as a guarantor to the loan in which case while she can make the EMI payment, she will not be able to claim the tax benefits.
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