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Continuing Security Letter

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You and your lender
The security being confirmed
What has changed
Signing and privacy

Step 1 of 4

You and your lender

What is the primary borrower's full name?Needed

For example: Aarav Sharma

What is the borrower's address?Needed

House / flat / plot no.

Street, sector or locality

City area and PIN code

What is the lender's legal name?Needed

For example: ABC Bank Ltd

What is the lender address?Needed

House / flat / plot no.

Street, sector or locality

City area and PIN code

What loan reference applies?Needed

For example: HL-2026-118

What loan/facility amount is relevant?Needed

An amount in rupees. Commas and a ₹ sign are both fine — write it the way you would write it anywhere else, and the document is given the tidy form of it.

For example: 9000000

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The live draft

The draft, as it stands

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CONTINUING SECURITY LETTER

Borrower: __________, __________. Lender: __________, __________. Loan/facility: __________; amount __________.

FACILITY CHANGE

CONSENT AND CONTINUITY

RESERVED RIGHTS

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

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.

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.

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.

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