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Continuing Security Letter

At a glance

Price
₹99 · GST included
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.

₹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

  • continuing guarantee confirmation
  • security continuation letter

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
Why you need it

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.

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.

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

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

Security provider: Naina Sharma

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. 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).

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

₹99, GST included.

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

Does the Continuing Security Letter need witnesses?

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

Often needed with this document

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