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Bank Loan UndertakingReference format

Bank Loan Undertaking / Self-Declaration Format

Reference format · Last reviewed September 2026

This is a reference format, not legal advice, and does not replace your bank's own loan agreement. Exact wording and stamp paper requirement vary by bank. Always confirm current requirements with your specific lender before relying on this format.

When You Need This

Many banks and NBFCs ask for a self-declaration or undertaking before disbursing a personal, business, or vehicle loan - declaring what the funds will be used for, that you commit to repaying as agreed, and that you're not currently in default on another loan.

Enter Your Details

Answer a few quick questions and we'll generate a properly worded affidavit below - typed straight into the document, no leftover "[bank name]"-style placeholders when you print.

How to Use This Format

  • Confirm with your bank whether this needs to be on stamp paper/notarized, or accepted as a plain declaration.
  • Sign it, and submit along with your loan application documents.
  • This is a supporting declaration, not a substitute for your bank's own loan agreement - read that carefully too.

Frequently Asked Questions

Many banks and NBFCs ask for a self-declaration or undertaking before disbursing a personal, business, or vehicle loan - declaring what the funds will be used for, that you commit to repaying as agreed, and that you're not currently in default on another loan.
No - the loan agreement is your bank's own contract covering the full terms. This is a shorter supporting declaration some banks additionally ask for, particularly for subsidized or scheme-linked loans. It doesn't replace your bank's own paperwork.
This varies by state and by bank - commonly Rs. 10-100 non-judicial stamp paper, and some banks accept a plain self-declaration instead. Confirm with your specific bank before executing this.