Kagaznama

Request to Remove a Co-Borrower

At a glance

Price: Free
Stamp duty: No duty — not an instrument under s.2(14).
Registration: Not registrable (s.17) — no property interest created.
Witnesses: Contractual, not s.59's statutory witnesses — follow whatever the lender requires.

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Also called

co-borrower release request
remove joint borrower

When you need it

Ask the lender to remove one co-borrower, loan continuing in the remaining borrower's name — not just a private family agreement. The lender reassesses repayment capacity, ownership, security and mortgage effect; a co-owner co-borrower may need separate title transfer or new security documents.

Don't assume liability or credit reporting has ended without a written release. State the outstanding, reason, remaining income, title position, security changes and desired bureau treatment; a divorce or family settlement doesn't automatically bind the lender.

Whether you can fill this in here

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You can fill this one in on this site, and read the whole draft on screen before you decide anything about it. It is a carefully drafted template; it is not advice about your own facts.

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See stamp duty, registration and witnesses

What follows is written for Punjab and Chandigarh. It states the position there rather than describing how it varies, so the amounts below are the ones that apply — worth confirming at the sub-registrar’s office, because rates change. If the property is anywhere else in India, none of this is yours.

Stamp duty

No duty — not an instrument under s.2(14). Plain paper; any release or revised agreement that follows is separately stamped.

Registration

Not registrable (s.17) — no property interest created. Charging property too makes it a mortgage: registered, two witnesses (s.59, TPA 1882), unless by deposit of title deeds.

Notarisation

Only if the lender wants a sworn/attested form.

Witnesses

Contractual, not s.59's statutory witnesses — follow whatever the lender requires.

Request Stamp Paper

Sample preview — placeholder answers, not your data

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REQUEST TO REMOVE A CO-BORROWER

Request date: 1 April 2026

To ABC Bank Ltd, Sector 17, Chandigarh. Primary/remaining borrower: Aarav Sharma, Sector 21, Panchkula. Loan: HL-2026-118; original/relevant amount ₹90,00,000 (Rupees Ninety Lakh only).

Outgoing co-borrower: Naina Sharma. Joining/consenting name: Naina Sharma

REASON

Property/relationship restructuring with lender approval. Details: Primary borrower refinanced income profile; outgoing co-borrower transfers separate property share by registered deed..

CREDIT CAPACITY

Current outstanding: ₹65,00,000 (Rupees Sixty Five Lakh only). Remaining borrower monthly net income: ₹2,80,000 (Rupees Two Lakh Eighty Thousand only).

TITLE AND SECURITY

Property-title position: Outgoing co-borrower is not a property owner. Security-document effect: Existing mortgage remains valid without outgoing co-borrower because they are not security provider.

RELEASE / REPORTING

Requested treatment: Update outgoing co-borrower status only after effective lender release.

Please assess and issue the formal release/restructure documentation. Until the lender's written effective release, this request does not alter the existing co-borrower liability.

PERSONAL DATA NOTICE

This notice is given under the Digital Personal Data Protection Act, 2023.

Personal data in this document is collected only to request and administer lender-approved removal of the identified co-borrower, communicate about that purpose, verify expressly supplied lending, identity and property information, and retain an evidentiary transaction record.

The record will be held by Kagaznama and may be shared only with the borrower, co-borrower, guarantor, lender, authorised professional, registering or revenue authority, Central Registry/CERSAI-related service, insurer or other person directly involved in the stated credit or security transaction.

If the transaction is withdrawn, refused or cancelled, personal data will be retained for 90 days and then erased. If the transaction proceeds, the record will be retained for the loan/security term plus 12 months, except where a named statutory or regulatory record-retention period requires longer retention.

A person named here may withdraw consent for future consent-based processing, request correction or erasure when the stated purpose has ended, or raise a grievance by writing to privacy@example.com. The record-holder should acknowledge and respond within 30 days.

Data minimisation: this document does not collect full Aadhaar numbers, Aadhaar-card copies, passwords, PINs, OTPs or unrelated bank credentials, and none should be written into it. Use masked account/identity references where an identifying reference is genuinely necessary.

Personal-data instruction: I consent to the collection and use described in the Personal Data Notice.

Questions about this document

Does the Request to Remove a Co-Borrower need stamp paper or stamp duty in Punjab and Chandigarh?

No duty — not an instrument under s.2(14).

See the full position on stamp duty, registration and witnesses

Does the Request to Remove a Co-Borrower need registration in Punjab and Chandigarh?

Not registrable (s.17) — no property interest created.

See the full position on stamp duty, registration and witnesses

What does the Request to Remove a Co-Borrower cost on Kagaznama?

Free.

Documents are free. Kits are free during our launch.

Does the Request to Remove a Co-Borrower need witnesses?

Contractual, not s.59's statutory witnesses — follow whatever the lender requires.

See the full position on stamp duty, registration and witnesses

Often needed with this document

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