What Are The Pros And Cons Of Taking Business Loans In Your Wife's Name?
Last Update Date: 06-10-2026
Published by Outlook Money
Abhishek Kumar's role: Quoted
Abhishek Kumar explained that if a wife has no role in her husband's business, the Married Women's Property Act can protect her assets from recovery. He cautioned that in a sole proprietorship or partnership her assets could be attached.
More of Abhishek's views on debt and loans
The article weighs the pros and cons of taking a business loan in a wife's name or with her as guarantor. It covers when her assets may or may not be attached by a lender, effects on her credit and loan eligibility, and legal points such as liability, ownership, divorce and tax.
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What Are The Pros And Cons Of Taking Business Loans In Your Wife's Name?