The common project
A loan for married couples or partners is almost normal. There are also enough other reasons why two people take out a joint loan. Most of the time they share the same goal. You want to realize a project. This can be the purchase of a hobby that you share. One of these reasons is the desire for shared sports equipment such as a boat or the love for a horse. These purchases cost a lot and so a loan for 2 applicants is the way to realize a dream together.
Sometimes, however, only a good friend helps another, who alone will probably not receive the loan. With all these variants, it is of course particularly important for the two applicants that they can trust each other. After all, they are each responsible for the entire loan amount. With such loan arrangements, it is important that both agree and make precise regulations on how the contract will be fulfilled by the agreed end of the term.
Openness and payment discipline
A loan with two applicants only works if both follow a strategy of openness. If the idea of this common loan comes up, both best realistically assess their possibilities and explain the other to them. This enables them to estimate whether they can manage the loan in the desired amount and on the terms agreed. It is never a good thing if one of two applicants takes over from misunderstood pride and the other person has to pay the installments alone at some point.
In the event of later bottlenecks, it is also important to inform the other applicant so that he can best compensate for the installments for a while. The bank, as the other main participant, of course checks the creditworthiness of both applicants when applying. If this turns out to be satisfactory, there is basically nothing to prevent the loan with 2 applicants.
The personal relationship between the two applicants and their motives are of marginal interest for the bank. In fact, it is often the case that an economically weaker applicant benefits from the strength of the other and the acceptance is made easier by this overall assessment.