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If the transaction is withdrawn, refused or cancelled, personal data will be retained for 90 days and then erased.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.