Personal loan on land papers

1. Draft a legal agreement that outlines the terms of the loan, including the amount , interest rate, repayment schedule, and the collateral provided. This agreement should be signed by both parties and witnessed. 
2. Consider creating mortgage deed for the 2 gunta land.This would legally transfer the interest in the property to you as a security for the loan. It is crucial to register this deed with the local sub-registrar's office to make it legally binding.

Since now EKhata or E swattu is mandatory for sale registration, is the same required for mortgage deed also, as we don't have the same. 

Is there any other option available if not mortgage deed.

E khata is a must.

The Karnataka government recently made E-Khata mandatory for property registrations starting in October 2024, with the aim of reducing fraudulent property deals. The BBMP has already tested an online E-Khata issuance system and now provides easy access to draft E-Khatas.

The government made e-Khata property registration Bangalore mandatory, to resolve inefficiencies in the traditional property registration system.

Therefore if you want to safeguard your huge loan money then you may have to comply with the mandatory requirements in case you would like to enter into a mortgage loan with the borrower.

You ask the borrower to obtain ekhata and now a days the process is very simple and very quick.