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Request to Remove a Co-Borrower

At a glance

Price
₹99 · GST included
Stamp duty
No duty — 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.

₹99

GST included

Launch period: downloads are free for now. The prices shown apply once payments open.

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

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Also called

  • co-borrower release request
  • remove joint borrower

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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Why you need it

When you need it

Ask the lender to remove one co-borrower, loan continuing in the remaining borrower's name — not just a private family agreement. The lender reassesses repayment capacity, ownership, security and mortgage effect; a co-owner co-borrower may need separate title transfer or new security documents. Don't assume liability or credit reporting has ended without a written release. State the outstanding, reason, remaining income, title position, security changes and desired bureau treatment; a divorce or family settlement doesn't automatically bind the lender.

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 — not an instrument under s.2(14). Plain paper; any release or revised agreement that follows is separately stamped.

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.

Talk to a lawyer about this document₹3,539 including GST (₹2,999 + 18% GST), per documentRequest Stamp Paper

Sample preview — placeholder answers, not your data

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.

Questions about this document

Does the Request to Remove a Co-Borrower need stamp paper or stamp duty in Punjab and Chandigarh?

No duty — not an instrument under s.2(14). Plain paper; any release or revised agreement that follows is separately stamped.

Does the Request to Remove a Co-Borrower need registration in Punjab and Chandigarh?

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.

What does the Request to Remove a Co-Borrower cost on Kaagazaat?

₹99, GST included.

Launch period: downloads are free for now. The prices shown apply once payments open.

Does the Request to Remove a Co-Borrower need witnesses?

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

Often needed with this document

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