Get the Tata Capital App to apply for Loans & manage your account. Download Now


Equipment Finance

Avail Digital Equipment Loans
up to Rs. 1 Crore

  • Attractive ROIs
  • Customizable Loan tenure

Equipment Leasing

Avail Leasing solutions
for all asset classes

  • Up to 100% financing
  • No additional collateral required

Tata Capital > Blog > Loan for Home > Difference between Buying a House Before and After Marriage

Loan for Home

Difference between Buying a House Before and After Marriage

Difference between Buying a House Before and After Marriage

Marriage is one of the most significant milestones in life, and as soon as you tie the knot, the next big commitment that usually follows is buying a house. But nowadays, countless millennials are choosing to purchase their dream home before walking down the aisle.

So, should you buy a house before getting marriedor not? Read further to learn how your marital status can affect the purchase of your new abode.

Credit Scores

Buying a house after marriage means both you and your partner will require a good credit history to secure a loan together. In case you both have a credit score of 700 or above, it will be easier to get a loan and buy your desired house together. However, if one of the spouses has a poor credit score, it may negatively affect your ability to obtain the loan. In such a case, the partner with a good credit score should apply for the loan independently.


Whether you are married or not, the legal ownership of the house determines how the property will be transferred in the event of death. If jointly owned by a married couple, ownership of the property will be passed on to the surviving spouse. However, in the case of sole ownership, the property is divided/transferred based on the deceased's will or India's succession laws for spousal properties.

Down payment

If you are married, you and your spouse can combine your income to pay a higher down payment amount on the house purchase. By paying a higher down payment upfront, you can lower the home loan amount you require for purchase, so the resulting monthly EMIs will also come down naturally. This is a convenient way to use your combined savings to buy a property together.

Additional Read:  Best Tips to Plan Your Down Payment for Home Loan

Tax Benefits

A significant difference in buying a house after getting married is that you can avail of a higher tax concession on a joint loan. Under Section 80C, both the spouses can avail of a tax benefit of Rs. 1.5 lakhs on the principal amount. This means that you are eligible for a higher tax benefit as a couple compared to being a single borrower.

Moreover, several lenders offer low home loan interest rates for women applicants. Therefore, being married and having your wife as a primary applicant can help you get some concession on the loan interest rate.

Additional Read:  How a Home Loan can help you save tax

The Bottom Line

Ultimately, buying a house before marriage or after depends on the individual or the couple. If you have a clear vision of what you want your dream abode to be like and are ready to take the next step, turn to Tata Capital!

At Tata Capital, you can avail home loan at attractive interest rates. Visit our website here to go through our home finance offerings. You can also get a precise estimate of your monthly instalments using our home loan EMI calculator online.

Want to know more about our housing finance options? Contact us today!

Leave a Reply

Your email address will not be published. Required fields are marked *