Yes, you most certainly can apply for a joint personal loan with your spouse or parents.

By applying for a joint loan, you stand to be eligible for a loan of a higher amount. This is because your combined incomes will be taken into consideration and hence, your application will be processed in higher income bracket.

Thus, couples opt for joint personal loans for two main reasons:

- To seek a loan of a higher amount, as explained earlier

- If the main borrower has poor credit history while the co-applicant has a strong credit history.