An application can be filled in two ways: as a single entity or joint parties. The applications registered under the joint names consists of names--more than one. The payments made under the joint applications are made in favor of the first applicant.
Points to remember:
At times an individual is not applicable to qualify for availing the credit on their own merits.
In this case, a person might prefer filling in as a joint applicant which might increase the chances of the application being accepted.