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Kagaznama

Guarantor KYC and Declaration

At a glance

Price
Free
Stamp duty
No duty as a declaration — 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

  • surety KYC form
  • guarantor declaration

When you need it

A lender assesses a proposed guarantor's identity, income and liabilities before accepting them as surety — kept separate from the guarantee contract itself (s.126): KYC data shouldn't accidentally create that promise. State relationship, income type, existing loans/guarantees, KYC evidence and approval stage; liability arises only once the guarantee is signed (s.128).

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No full Aadhaar or family data collected — due diligence, not a disguised guarantee.

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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 as a declaration — not an instrument under s.2(14). Sworn on oath, it's an Article 4, Schedule I-A affidavit (Punjab). The deed of guarantee itself is stamped separately.

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

GUARANTOR KYC AND DECLARATION

Declaration date: 1 April 2026

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

GUARANTOR

Naina Sharma, Sector 21, Panchkula. Phone: +91 XXXXX XXXXX; email: naina@example.com. Relationship: Spouse.

FINANCIAL PROFILE

Income type: Salary income. Monthly net income: ₹1,50,000 (Rupees One Lakh Fifty Thousand only). Existing liabilities/guarantees: Nil..

KYC

Stage: KYC/declaration before lender approves guarantor. Documents: PAN/passport identity, address proof, ITRs and bank statements..

LIABILITY BOUNDARY

Guarantor understands KYC approval does not itself create guarantee liability.

SIGNATURE

 
 
______________________________
Signature
Guarantor/proposed guarantor: 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. The guaranteed loan sits on the guarantor's credit report as a guarantor account.

PERSONAL DATA NOTICE

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

Personal data in this document is collected only to conduct KYC and credit assessment of the proposed guarantor for the stated loan only, 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.

Questions about this document

Does the Guarantor KYC and Declaration need stamp paper or stamp duty in Punjab and Chandigarh?

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

See the full position on stamp duty, registration and witnesses
Does the Guarantor KYC and Declaration 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 Guarantor KYC and Declaration cost on Kagaznama?

Free.

Documents are free. Only kits are paid.

Does the Guarantor KYC and Declaration need witnesses?

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

See the full position on stamp duty, registration and witnesses

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