Legal advice: If a wife takes a loan and cannot repay it, is the husband responsible for repaying the loan or not?

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Legal advice: If a wife takes a loan and cannot repay it, is the husband responsible for repaying the loan or not?

If the loan is in the name of the wife and the husband is not made a guarantor: If the wife has taken a loan in her own name and the husband is not made a co-borrower or guarantor, then the husband is not legally liable to repay the loan. The bank or lending institution can only recover the loan from the person who has taken the loan. If the husband is a Co-Borrower or Guarantor: If the husband has signed as a Co-Borrower or Guarantor, he will b…