India, Nov. 23 -- Rohan and Meera from Bengaluru bought a flat together in 2018. The property was registered 50-50, and both paid the EMIs, although Rohan contributed a little more. After they separated in 2024, Rohan wanted his name removed from the joint home loan, but the bank refused because Meera did not earn enough to take over the full loan on her own.

They decided to sell the flat instead. Rohan asked for a larger share since he had paid slightly more, but the lawyers told them that the law follows the ownership stated in the deed. With no separate agreement, they had to split the sale amount equally.

A spouse can't simply exit a joint home loan after separation. The only legal way is through loan novation or refinancing; the le...