Kagaznama

Continuing Security Letter

At a glance

Price: Free
Stamp duty: No settled position: same facility = no new right; a larger advance can be charged as a further charge.
Registration: Not registrable (s.17) — no property interest created.
Witnesses: Contractual, not s.59's statutory witnesses — follow whatever the lender requires.

Free

Documents are free. Only kits are paid.

Free: up to 5 documents a day.

Guided questions, full draft on screen, download in Word.

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Also called

continuing guarantee confirmation
security continuation letter

When you need it

When a lender renews or varies a credit facility, the guarantor/security provider confirms whether existing security continues. Drafted carefully: s.133, Contract Act can discharge a surety over an unconsented variance; ss.130-131 govern revoking a continuing guarantee.

A blanket “continues regardless” clause can hide a real variation — state the original security, the exact change, limited consent, any revised cap/period, and rights preserved. A new facility needs its own instrument.

Whether you can fill this in here

You can fill this in here

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 settled position: same facility = no new right; a larger advance can be charged as a further charge. Get the figure from the Sub-Registrar or s.31 adjudication before signing — under-stamped, inadmissible until the deficiency and penalty are paid (s.35).

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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CONTINUING SECURITY LETTER

Date: 1 April 2026

Borrower: Aarav Sharma, Sector 21, Panchkula. Lender: ABC Bank Ltd, Sector 17, Chandigarh. Loan/facility: HL-2026-118; amount ₹90,00,000 (Rupees Ninety Lakh only).

Security provider: Naina Sharma, role Guarantor under identified continuing guarantee. Original security: Guarantee dated 10 June 2024.

FACILITY CHANGE

Event: Renewal of existing facility. Details: Maturity extended by 12 months; limit unchanged..

CONSENT AND CONTINUITY

Variation consent: Security provider expressly consents to the stated variation only. Future transaction scope: Continues for future transactions within the agreed facility after this confirmation..

RESERVED RIGHTS

All statutory/contractual surety/security-provider rights not expressly varied remain reserved.

This confirmation applies only to the identified security and disclosed change and does not itself create a new mortgage or new guarantee for an unrelated facility.

SIGNATURE

______________________________
Signature
Security provider: Naina Sharma
Place: ____________________
Date: 1 April 2026

LEGAL BASIS

A guarantor's liability is co-extensive with the borrower's (section 128 of the Indian Contract Act, 1872). A guarantee that covers a series of transactions is a continuing guarantee (section 129), which the guarantor may revoke as to future transactions by notice to the lender (section 130). A variance in the loan terms made without the guarantor's consent, a release of the borrower, extra time given to the borrower, or the loss of the security discharges the guarantor wholly or in part (sections 133, 134, 135, 139 and 141). On a secured home loan, section 13(11) of the SARFAESI Act, 2002 lets the lender proceed against the guarantor without first taking any of the enforcement measures against the property.

PERSONAL DATA NOTICE

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

Personal data in this document is collected only to record the security provider's informed confirmation of continuing security after the specifically disclosed facility change, 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.

Questions about this document

Does the Continuing Security Letter need stamp paper or stamp duty in Punjab and Chandigarh?

No settled position: same facility = no new right; a larger advance can be charged as a further charge.

See the full position on stamp duty, registration and witnesses

Does the Continuing Security Letter 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 Continuing Security Letter cost on Kagaznama?

Free.

Documents are free. Only kits are paid.

Does the Continuing Security Letter 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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