Kaagazaat

Education Loan Co-applicant Undertaking

At a glance

Price: Free
Stamp duty: Not, on its own, a stamp-dutiable instrument if it merely accompanies the bank's own loan agreement and adds nothing the agreement does not already provide for — most banks stamp their own loan agreement or sanction letter, which is the primary instrument.
Registration: Not registrable — creates no interest in immovable property by itself.
Witnesses: Not required by law; banks commonly witness the signing at their own branch instead.

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Documents are free. Only kits are paid.

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

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Also called

co-borrower undertaking education loan
education loan guarantor letter
parent undertaking for student loan
shiksha rin sah-avedak vachan patra
ਵਿਦਿਆ ਲੋਨ ਸਹਿ-ਬਿਨੈਕਾਰ ਵਚਨ ਪੱਤਰ
joint applicant undertaking bank education loan

When you need it

A bank has sanctioned, or is considering, an education loan for a student, and you — usually a parent — are the co-applicant/co-borrower on that loan. This records your undertaking to be jointly and severally liable for repayment, alongside the student, and confirms you have understood the loan terms before the bank disburses.

This is a supporting undertaking, not the loan agreement itself — the bank's own loan agreement, sanction letter and security documents (such as a mortgage or third-party guarantee, if required) remain the primary documents governing the loan.

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.

Fill this one in

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

Not, on its own, a stamp-dutiable instrument if it merely accompanies the bank's own loan agreement and adds nothing the agreement does not already provide for — most banks stamp their own loan agreement or sanction letter, which is the primary instrument. If your bank asks for this undertaking to be executed on stamp paper in its own right, confirm the applicable article and current figure with the Sub-Registrar or the bank's own legal department before buying it.

Registration

Not registrable — creates no interest in immovable property by itself. Where the loan is separately secured by a mortgage of property, that mortgage document is registered separately and is not this undertaking.

Notarisation

Not legally required, though some banks ask for signatures to be verified by their own officer rather than notarised.

Witnesses

Not required by law; banks commonly witness the signing at their own branch instead.

Request Stamp Paper

Sample preview — placeholder answers, not your data

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EDUCATION LOAN CO-APPLICANT UNDERTAKING

I, Sunita Rao, resident of House No. 302, Sector 9, Panchkula, PAN ABCDE1234F, Bank employee, monthly income approximately Rs 85,000, being the Father (X) of Rohan Rao ("the Student"), address the following undertaking to Punjab National Bank, Sector 8, Panchkula ("the Bank"):

1. That the Student has applied for, or been sanctioned, an education loan of ₹18,00,000 (Rupees Eighteen Lakh only) (reference: Sanction Letter No. EDU/2026/00789) to fund their course, B.Tech Mechanical Engineering, at Manipal Institute of Technology.

2. That I am the co-applicant/co-borrower on this loan, and I undertake to be jointly and severally liable, together with the Student, for repayment of the entire loan amount together with interest, charges and costs, in accordance with the Bank's sanction letter and loan agreement.

3. That I have read and understood the Bank's sanction terms, including that repayment is expected to begin One year after course completion, or six months after obtaining employment, whichever is earlier, as per the sanction letter, and I undertake to ensure timely repayment even if the Student is, for any reason, unable to do so.

4. That, as to security: No collateral security has been offered; the loan is unsecured up to the bank’s own limit for a loan of this kind

5. That I confirm the information given by me in the Bank's loan application form is true and correct, and I authorise the Bank to verify it, including with my employer and with credit information companies.

6. That I understand this undertaking is given in support of, and subject to, the Bank's own loan agreement and sanction letter, which remain the governing documents for this loan.

Executed at Panchkula on 1 April 2026.

CO-APPLICANT

_________________
Sunita Rao

Questions about this document

Does the Education Loan Co-applicant Undertaking need stamp paper or stamp duty in Punjab and Chandigarh?

See the full position on stamp duty, registration and witnesses

Does the Education Loan Co-applicant Undertaking need registration in Punjab and Chandigarh?

Not registrable — creates no interest in immovable property by itself.

See the full position on stamp duty, registration and witnesses

What does the Education Loan Co-applicant Undertaking cost on Kaagazaat?

Free.

Documents are free. Only kits are paid.

Does the Education Loan Co-applicant Undertaking need witnesses?

Not required by law; banks commonly witness the signing at their own branch instead.

See the full position on stamp duty, registration and witnesses

Often needed with this document

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