A joint home loan allows couples to claim separate tax deductions, leading to considerable annual tax savings. By pooling their resources, couples can also enhance their loan eligibility and improve liquidity. Many banks offer a 0.05 – 0.1 percent lower interest rate if a woman is the primary borrower. Some states have lower stamp duty for women buyers, further reducing property acquisition costs. To claim these tax benefits, both partners must: Be co-owners of the property (ownership must be explicitly stated in legal documents) BeCo-borrowers in the loan agreement. Actively contribute to EMI payments, as tax deductions apply only to the amounts repaid by each borrower. Maintaining proper financial records and ensuring timely payment is essential to avoid tax-related complications. The views of the experts on Moneycontrol are their own and not those of the website or its management. The author is Niyati Shah, Head – Tax, Vertical Finance, 1 – Vertical Finance at Moneycontrol.