Is NOC required for bank loan?

Is NOC required for loan?

If you have taken a Home Loan, you need to get a NOC on the closure of the loan account. Apart from this, you should ask for a NOC when you have successfully closed a Loan Against Property (LAP). In the case of an LAP, once you have the NOC, your property will be wholly under your ownership.

How can I get NOC loan from bank?

After paying all the EMIs, ask your bank for a no objection certificate (NOC). This document will state that no dues are pending on the loan. The bank will send the NOC to you by post. HDFC Bank customers can also get the NOC on NetBanking.

What is loan no objection certificate?

A No Objection Certificate (NOC) is a legal document issued by a housing finance company or bank to a customer declaring that he/she has no outstanding dues towards the lender. Sometimes referred to as a “No Dues Certificate”, an NOC can be obtained from the lender once the loan has been paid off completely.

What is a bank NOC?

The No Objection Certificate or NOC as it is colloquially known as. A NOC is a legal document issued by banks such as IDFC FIRST Bank that give home loans. A NOC essentially states that the borrower has no outstanding dues towards the lender.

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How long does it take to get NOC from bank?

The bank generally responds to your request in about three to four days or a maximum of seven working days, returns both your original documents and issues a closure letter or a no-objection certificate indicating that there is no outstanding amount to be paid, says C S Jain, head of personal banking at IDBI Bank …

Why is NOC needed?

An NOC is an essential document that certifies that there are no dues of tax on the vehicle. If you are travelling to another state for less than three months and planning to take your vehicle with you, you are not required to obtain an NOC.

Is it a NOC or an NOC?

A NOC or a No Objection Certificate is an essential legal document issued by an organization, agency or even by individuals stating no objection to the covenants mentioned in the certificate. This document serves many purposes including immigration, general litigation and even employment.

Where can I get NOC certificate?

A No Objection Certificate or NOC is a legal document that is issued by the Regional Transport Office (RTO).

How can I get NOC letter from HDFC Bank?

How to get Duplicate NOC Online?

  1. Login To HDFC Bank Netbanking.
  2. Open the Loans Tab on the top right side of the screen.
  3. Select Request Option on Left side of the screen.
  4. Click On NOC / Closure Letter on Left side of the screen.
  5. Select Loan Account Number and Click on View.