Kaagazaat

Loan Restructuring Request

At a glance

Price: Free, always.
Stamp duty: None for the request — it is not an instrument under section 2(14) of the Indian Stamp Act, 1899.
Registration: Not registrable and not required for the request.
Witnesses: Not required.

Free

Free, always.

Free: up to 5 documents a day.

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

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Also called

home loan restructuring letter
request to reschedule loan
tenure extension request
EMI reduction request
loan rescheduling application
ਲੋਨ ਪੁਨਰਗਠਨ ਬੇਨਤੀ
ऋण पुनर्गठन अनुरोध

When you need it

Your income has fallen or your circumstances have changed and you can no longer meet the home loan instalment on the present terms. You write to the lender asking it to change the loan's terms — a longer tenure, a lower instalment for a period, the arrears added into the loan, or a reset of the interest rate — and you set out the hardship, your income now and the instalment you can honestly pay.

Restructuring is the lender's decision under its own policy and the Reserve Bank's framework; you have no right to it, and the lender may charge a fee, change the rate or report the change to the credit bureau. The letter therefore asks for the revised terms in writing before you accept. It also says plainly whether any notice has been received under the SARFAESI Act, because that changes how urgently the lender will treat it. Not for a short instalment holiday only (use Moratorium or Instalment Holiday Request), and not for settling the loan for less than is due (use One-Time Settlement Proposal).

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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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

None for the request — it is not an instrument under section 2(14) of the Indian Stamp Act, 1899. If the lender later asks for a fresh loan agreement or supplemental deed, that document is stamped separately.

Registration

Not registrable and not required for the request. A change that alters the registered mortgage may need a fresh or supplemental mortgage document; the lender will say.

Notarisation

Not required unless the lender asks for it.

Witnesses

Not required.

Request Stamp Paper

Sample preview — placeholder answers, not your data

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Date: 1 April 2026

To,

The Branch Manager
Punjab National Bank, Sector 34, Chandigarh

Subject: Request to restructure home loan account X

Sir or Madam,

1. I am Navdeep Singh, of House No. 9, Sector 35-A, Chandigarh 160022, a borrower under loan account X. The co-borrower is X, who joins in this request. Mobile: X. Email: X.

2. The amount outstanding is ₹32,00,000 (Rupees Thirty Two Lakh only), the present monthly instalment is ₹38,500 (Rupees Thirty Eight Thousand Five Hundred only) and 180 months of the loan remain. The account is up to date. Recovery notices: No demand notice has been received.

3. My difficulty is this: My employer closed the Chandigarh unit in March 2026 and I joined a new job in June at a lower salary. My monthly income was ₹95,000 (Rupees Ninety Five Thousand only) and is now ₹62,000 (Rupees Sixty Two Thousand only). I expect it to improve as follows: Increment due after confirmation in December 2026.

4. On these facts I request you to extend the remaining tenure of the loan so that the instalment falls.

5. My proposal is: A tenure of 300 months in all, with an instalment of about Rs 31,000 from 1 January 2027.

6. I enclose: Salary slips for the last six months, bank statement, appointment letter of the new job.

7. I understand that restructuring is for the lender to decide under its own policy and the Reserve Bank's framework, and that it may carry a fee or a change in the rate and may be reported to the credit bureau. Before I accept, please give me in writing the revised instalment, tenure, rate, fees and the effect on my credit record.

8. I request that no recovery step be taken on the account while this request is being considered, and that I be given a hearing at the branch if the lender needs any explanation.

Yours faithfully,

SIGNATURE

______________________________
Signature
Borrower: Navdeep Singh
Place: ____________________
Date: 1 April 2026

______________________________
Signature
Co-borrower: X
Place: ____________________
Date: 1 April 2026

Questions about this document

Does the Loan Restructuring Request need stamp paper or stamp duty in Punjab and Chandigarh?

None for the request — it is not an instrument under section 2(14) of the Indian Stamp Act, 1899.

See the full position on stamp duty, registration and witnesses

Does the Loan Restructuring Request need registration in Punjab and Chandigarh?

Not registrable and not required for the request.

See the full position on stamp duty, registration and witnesses

What does the Loan Restructuring Request cost on Kaagazaat?

Free, always.

Does the Loan Restructuring Request need witnesses?

Not required.

See the full position on stamp duty, registration and witnesses

Often needed with this document

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