Most Indians take a Home Loan to arrange the funds to buy their dream home and yet a majority of these Home Loan borrowers are completely unaware of the concept of Home Loan NOC. This article focuses on apprising its readers about the importance of NOC and why one must obtain this document.
What is Home Loan NOC?
A Home Loan NOC or no-objection certificate is a document released by a lender or bank after a borrower has completed the repayment of the Home Loan and no EMIs are pending. The Home Loan NOC is a legal document that removes all rights that the lender had over the property before the borrower completed repayment and establishes the borrower as the sole owner of the property.
While the lenders are obligated to release the NOC on their own, once Home Loan repayment has been completed, some lenders do not release this document on their own. In such a scenario, the borrower must write to the lender and request to release the No Objection Certificate. These days, some lenders also allow borrowers to download the NOC online from their portal after completing Home Loan repayment.
What Should the NOC Document Contain?
The NOC or no-objection certificate contains details;
- Name of the Home Loan applicant
- Date of issue of the document
- Details about your outstanding loans
- Owner Name of the property
- Owner address
Once the borrower has received the no-objection certificate, they must submit it at the registrar's office.
The NOC or no-objection certificate contains details, such as the name of the Home Loan applicant and owner of the property, address, etc. Once the borrower has received the no-objection certificate, they must submit it at the registrar's office.
Now that we know what a Home Loan NOC is, let us look at why it is important and why borrowers must obtain this document after completing loan repayment.
Why Should You Have a Home Loan NOC?
Your Home Loan NOC is a very important document. Here's why you must make sure to take it from your lender.
It Helps You Improve Your Credit Score
Once you have repaid the loan in full and obtained the NOC from the lender, the lender will inform the credit information bureau that you have cleared your loan. If you have been regular with your payments and have always cleared them on time, this final step will considerably increase your credit score as you will be seen as someone who can be trusted with timely repayment. A good credit score is crucial as it allows one to get easy access to credit whenever needed. People whose credit score is 750 or above get approved for loans almost immediately. Apart, they also get the best loan deals.
People Also Read: What is a Good CIBIL Score for a Home Loan
You Cannot Sell the House Unless You Have the NOC
When you take a Home Loan to buy a home, you pledge the home you have bought as collateral. Though your lender does not get ownership rights, they do get the right to sell the property in case you default on loan repayment. As long as your lender has any right over the property, you cannot sell it. Once you have repaid the loan, you must obtain the NOC as this document removes the lender's lien from your property and makes you its sole owner. Thus, if you plan to sell a property against which you had a Home Loan, you must obtain the NOC letter from your lender and submit it at the registrar's office.
It Helps You Settle Disputes
A Home Loan NOC or no-dues certificate is important as it allows you to fight disputes and false claims in court. Once you have obtained the NOC, your lender cannot make any claims over your property. Further, if anyone tries to encroach over your property or establish false ownership, you can fight them in court. In other words, a no-objection or no-dues certificate is important as it brings you peace of mind and a sense of security.
It Helps You Get Another Loan
Once you have repaid your Home Loan in full and you need another loan to buy another house or a car or arrange funds to afford your home's renovation or refurbishment cost, the Home Loan NOC will establish your creditworthiness and repayment capacity. It is an important document that can enhance a borrower's negotiating power, allowing them to negotiate for better terms and conditions in case they decide to take another loan.
Also Read: Importance of NOC Letter after Paying off Your Home Loan
Procedure to Avail of the NOC
Now that we understand the importance of obtaining an NOC, let us look at the procedure to obtain this document.
To obtain the Home Loan NOC offline, please follow these steps.
-
Go to your lender's office and ask any of their representatives to give you the NOC transference form.
-
Fill out the form with all the required details and submit it to the office of the bank manager.
-
During the next step, your lender will cross-verify your claim of complete Home Loan repayment. They will check whether you have cleared all EMIs and if any EMIs or any other payments are still pending.
-
Once the bank manager has reviewed your application, they will send the NOC letter to the registered address.
You can also download the NOC form online. These days, many lenders offer this service, and it is far easier to obtain the NOC online than offline. So, see if this service is available to you.
DISCLAIMER:
While care is taken to update the information, products, and services included in or available on our website and related platforms/websites, there may be inadvertent errors or delays in updating the information. The material contained in this website and on associated web pages, is for reference and general information purposes, and the details mentioned in the respective product/service document shall prevail in case of any inconsistency. Users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/service document and applicable terms and conditions. Neither Bajaj Housing Finance Limited nor any of its agents/associates/affiliates shall be liable for any act or omission of the Users relying on the information contained on this website and on associated web pages. In case any inconsistencies are observed, please click on contact information.
Trending Articles

[N][T][T][N][T]
Smart Ways to Fund and Plan Your Summer Home Renovation2025-06-09 | 4 min

[N][T][T][N][T]
How Economic Shifts Affect Home Loan Rates2025-06-09 | 3 min

home+loan Home Loan
[N][T][T][N][T]
Smart Ways to Understand and Use a Home Loan EMI Calculator2025-06-09 | 3 min

home+loan Home Loan
[N][T][T][N][T]
Home Loans: Smart Financing with Long-Term Benefits2025-06-09 | 3 min

[N][T][T][N][T]
Benefits of Home Loan Interest Rate Conversion: Explained2025-06-09 | 4 min

[N][T][T][N][T]
Understanding Home Loan Subsidies2025-06-06 | 3 min

home+loan Home Loan
[N][T][T][N][T]
Is Prepaying Your Home Loan the Right Move?2025-06-06 | 3 min

loan+against+property Loan Against Property
[N][T][T][N][T]
Loan Against Property vs. Personal Loan: Which Should You Choose?2025-06-06 | 3 min

home+loan Home Loan
[N][T][T][N][T]
Factors to Consider Before Opting for Home Loan Balance Transfer2024-06-21 | 5 min

home+loan Home Loan
[N][T][T][N][T]
Five Important Factors to Keep in Mind When Prepaying Your Home Loan2023-01-17 | 6 min

[N][T][T][N][T]
How Is a Loan Against Property Processed?2024-02-05 | 6 min

cibil Cibil
[N][T][T][N][T]
Tips to Maintain Your Business CIBIL Score Above 7002024-02-02 | 5 min

tax Tax
[N][T][T][N][T]
How to Avail of Tax Benefits on a Loan Against Property2024-06-13 | 5 Min

tax Tax
[N][T][T][N][T]
8 Different Ways to Avail of Tax Benefits on Home Loans2023-03-03 | 4 min

home+loan Home Loan
[N][T][T][N][T]
ITR Filing for Home Loan – Know the Right Process to File Your Income Tax Returns2024-02-16 | 5 min

home+loan Home Loan
[N][T][T][N][T]
10 Factors That Affect Your Home Loan Eligibility2024-05-21 | 7 min

home+loan Home Loan
[N][T][T][N][T]
Understanding CIBIL MSME Rank: What it Means for Your Business Loan Application2025-05-30 | 3 min

home+loan Home Loan
[N][T][T][N][T]
Rising Home Loan Interest Rates: Impact on First-Time Homebuyers2025-06-03 | 3 min

home+loan Home Loan
[N][T][T][N][T]
Know About CTS Number When Buying a Property in Mumbai2025-03-04 | 5 min

home+loan Home Loan
[N][T][T][N][T]
Estimating Your Monthly Outgo on a Rs.1 Crore Home Loan2025-05-30 | 3 min

home+loan Home Loan
[N][T][T][N][T]
How Can You Get a Place of Your Own When Living in a Metro City?2025-05-30 | 3 min

[N][T][T][N][T]
Home Loan ROI Explained: What it Means2025-05-30 | 5 min

[N][T][T][N][T]
What are Tranche Disbursement and Tranche EMI in Home Loans?2025-03-14 | 5 min

home+loan Home Loan
[N][T][T][N][T]
How to Top Up your Home Loan2025-03-04 | 3 min

[N][T][T][N][T]
7 Smart Ways to Optimise Your Home Loan Interest Repayments2025-04-03 | 3 min

home+loan Home Loan
[N][T][T][N][T]
Understanding Home Loan Processing Time: What to Expect and How to Prepare2025-04-14 | 3 min

home+loan Home Loan
[N][T][T][N][T]
5 Great Ways Women Can Benefit from Taking a Housing Loan2024-01-16 | 5 min

home+loan Home Loan
[N][T][T][N][T]
Tips to Secure Quick Home Loan Approval2025-03-03 | 2 min

home+loan Home Loan
[N][T][T][N][T]
Consider These Factors Before Foreclosing Your Home Loan2024-04-16 | 3 min

home+loan Home Loan
[N][T][T][N][T]
Pre-EMI or Full EMI: Understanding Home Loan Repayment Options2025-01-16 |

home+loan Home Loan
[N][T][T][N][T]
How Much Home Loan Can I Get? A Guide for First-Time Borrowers2025-04-07 | 4 min

home+loan Home Loan
[N][T][T][N][T]
Home Loan for Self-Employed Individuals2025-03-03 | 2 min

[N][T][T][N][T]
Smart Ways to Pay Off Your Home Loan Faster2025-04-01 | 6 min

home+loan Home Loan
[N][T][T][N][T]
Home Loan Prepayment: Everything You Need to Know2025-04-07 | 3 min

home+loan Home Loan
[N][T][T][N][T]
Smart Home Loan Planning After 45: Tips and Strategies2025-05-13 | 2 min

home+loan Home Loan
[N][T][T][N][T]
Need More from Your Home Loan? Here’s How You Can Optimise I2025-05-07 | 3 min

home+loan Home Loan
[N][T][T][N][T]
Understanding How Home Loan Interest Rates Are Determined2025-05-12 | 5 min

home+loan Home Loan
[N][T][T][N][T]
An Essential Guide to Refinancing a Home Loan2024-04-22 | 5 Min

home+loan Home Loan
[N][T][T][N][T]
Understanding RERA in Real Estate: Meaning, Full Form, and Benefits2025-02-16 | 2 min

home+loan Home Loan
[N][T][T][N][T]
MPIGR Madhya Pradesh: A Guide to Property Registration and SAMPADA Services2025-04-14 | 2 min

home+loan Home Loan
[N][T][T][N][T]
A Guide to Applying for DTCP Approval for Patta Land Online2025-01-13 | 6 min

home+loan Home Loan
[N][T][T][N][T]
Khasra Number Explained: How to Find It2025-01-03 | 2 min

home+loan Home Loan
[N][T][T][N][T]
Gift Deeds: A Comprehensive Guide to Registration and Documentation2025-01-29 | 2 min

home+loan Home Loan
[N][T][T][N][T]
Understanding Bigha in India: Convert 1 Bigha to Square Feet, Acres, and Hectares2025-01-31 | 2 min

home+loan Home Loan
[N][T][T][N][T]
Home Loan Pre-Closure: Is it the Right Step for You?2025-05-29 | 3 min

home+loan Home Loan
[N][T][T][N][T]
Understanding APF Number and Its Role in Home Loan Applications2025-01-07 | 2 min

loan+against+property Loan Against Property
[N][T][T][N][T]
Understanding Repayment Terms for Loans Against Property2025-05-29 | 3 min

home+loan Home Loan
[N][T][T][N][T]
Smart Steps for Purchasing Property from an NRI: A Guide2025-05-29 | 3 min

home+loan Home Loan
[N][T][T][N][T]
What Does It Mean to Be a Guarantor? Understanding Roles and Responsibilities2025-05-28 | 3 min

home+loan Home Loan
[N][T][T][N][T]
Understanding Home Loan Fees and Charges in India2025-05-28 | 3 min

[N][T][T][N][T]
Understanding EMI Allocation Within Your Salary2025-05-28 | 3 min

[N][T][T][N][T]
Is a Down Payment Mandatory for a Home Loan in India?2025-05-27 | 3 min

[N][T][T][N][T]
How to Buy a Home Securely under MahaRERA2025-05-27 | 4 min

home+loan Home Loan
[N][T][T][N][T]
Valuation of House: A Comprehensive Guide for Homeowners in India2025-05-27 | 2 min

[N][T][T][N][T]
Factors That Affect Your Loan Against Property Eligibility2025-05-26 | 3 min

[N][T][T][N][T]
Why Loan Against Property Can Be an Ideal Choice for Funds2025-05-27 | 4 min

home+loan Home Loan
[N][T][T][N][T]
Freehold vs. Leasehold Property: What You Need to Know2025-05-27 | 2 min

home+loan Home Loan
[N][T][T][N][T]
Transferable Development Rights (TDR): Understanding the Concept2025-02-12 | 2 min

home+loan Home Loan
[N][T][T][N][T]
Buying a Home: Understanding the 'No EMI till Possession' Scheme2025-03-19 | 2 min

home+loan Home Loan
[N][T][T][N][T]
PMAY Urban 2.0: Guidelines for Affordable Housing in India2025-01-29 | 2 min

home+loan Home Loan
[N][T][T][N][T]
Ways to Check RERA Registration Status of Real Estate Projects2025-03-20 | 2 min

loan+against+property Loan Against Property
[N][T][T][N][T]
A Guide to Calculate Loan Against Property EMI2025-01-08 | 2 min

[N][T][T][N][T]
Relinquishment Deed: Meaning, Format, and Documents Required2025-03-19 | 3 min

home+loan Home Loan
[N][T][T][N][T]
How to Get a Top-Up Loan After Transferring Your Home Loan2025-05-23 | 3 min

home+loan Home Loan
[N][T][T][N][T]
Floor Space Index (FSI): Meaning, Calculation, and its Importance in Real Estate2025-03-20 | 2 min

home+loan Home Loan
[N][T][T][N][T]
BBMP: Full Form, History, and Role in Bangalore’s Governance2025-03-20 | 2 min

home+loan Home Loan
[N][T][T][N][T]
Everything You Need to Know About a Co-Applicant in a Home Loan and Tax Benefits2025-03-14 | 2 min

home+loan Home Loan
[N][T][T][N][T]
Should You Take a Home Loan Even If You Have Enough Money to Buy a House?2024-01-30 | 3 min

home+loan Home Loan
[N][T][T][N][T]
Property Search Guide for First-Time Homebuyers2025-05-20 | 3 min

loan+against+property Loan Against Property
[N][T][T][N][T]
Loan Against Property: A Balanced Approach to Financing2025-05-20 | 3 min

tax Tax
[N][T][T][N][T]
How to Reduce the Loan Against Property Interest Rate?2023-12-11 | 3 min

home+loan Home Loan
[N][T][T][N][T]
Making the Shift: Benefits of Moving from Pre-EMI to Full EMI in a Home Loan2025-05-20 | 4 min

cibil Cibil
[N][T][T][N][T]
Loan Rejection Impact on CIBIL Score2024-12-23 | 3 min

home+loan Home Loan
[N][T][T][N][T]
How to Pay Off Your Home Loan Quicker2024-03-11 | 4 Min

[N][T][T][N][T]
NRI Home Loans: 5 Things to Keep in Mind Before Applying2024-02-15 | 4 min

[N][T][T][N][T]
7 Benefits of Taking a Home Loan in India2024-06-19 | 3 min

cibil Cibil
[N][T][T][N][T]
Everything You Should Know About Your CIBIL Score2024-02-09 | 7 min

home+loan Home Loan
[N][T][T][N][T]
How to Calculate Home Loan EMIs2022-06-14 | 5 Mins

home+loan Home Loan
[N][T][T][N][T]
How to Pick the Best Home Loan Tenure that Suits Your Budget2023-06-29 | 5 min

cibil Cibil
[N][T][T][N][T]
Does CIBIL Score Affect Loan Against Property Eligibility?2023-02-15 | 7 min

home+loan Home Loan
[N][T][T][N][T]
Secured vs Unsecured Loan - Know the Difference2023-08-24 | 2 min

loan+against+property Loan Against Property
[N][T][T][N][T]
5 Important Reasons to Opt for a Loan Against Property to Start Your Own Business2023-02-10 | 2 min

cibil Cibil
[N][T][T][N][T]
Ways You Can Improve your Credit Score for a Small Business2023-03-01 | 5 min

home+loan Home Loan
[N][T][T][N][T]
Home Loan for Self-Employed: Three Steps to Improve Your Approval Chances2025-03-12 | 5 min

loan+against+property Loan Against Property
[N][T][T][N][T]
Everything You Wanted to Know About Loan Against Property2023-12-16 | 5 Min

loan+against+property Loan Against Property
[N][T][T][N][T]
Step-by-Step Process How to Apply for a Loan Against Property2024-03-05 | 4 Min

loan+against+property Loan Against Property
[N][T][T][N][T]
Understanding the Fees and Charges on Your Loan Against Property2024-02-16 | 8 min

loan+against+property Loan Against Property
[N][T][T][N][T]
Top Benefits of a Loan Against Property Over Collateral-Free Loans2024-01-09 | 4 min

home+loan Home Loan
[N][T][T][N][T]
Understanding the Benefits of a Home Loan EMI Calculator2023-07-12 | 5 min

cibil Cibil
[N][T][T][N][T]
Minimum CIBIL Score for Business Loans2023-04-17 | 5 min

cibil Cibil
[N][T][T][N][T]
Reasons to Maintain a Positive Credit Profile and a High CIBIL Score2023-03-01 | 5 min

loan+against+property Loan Against Property
[N][T][T][N][T]
Why Professional Loans Against Property Are Financially Beneficial?2023-03-03 | 5 min

home+loan Home Loan
[N][T][T][N][T]
Home Loan EMI Calculator Benefits and It’s Features2024-02-21 | 4 min

[N][T][T][N][T]
What is the Purpose of CIBIL Score?2023-03-25 | 4 min

cibil Cibil
[N][T][T][N][T]
Importance of CIBIL Score & Tips To Improve It2023-02-21 | 5 min

home+loan Home Loan
[N][T][T][N][T]
Smart Things to Consider Before You Apply for a Home Loan2022-12-14 | 5 min

loan+against+property Loan Against Property
[N][T][T][N][T]
Why Loan Against Property Can be a Good Credit Option for a Startup Business?2023-12-22 | 5 Min

home+loan Home Loan
[N][T][T][N][T]
Understanding Sale Deed in Home Loans: Why It Matters2025-05-12 | 2 min

home+loan Home Loan
[N][T][T][N][T]
Reasons Why a Housing Loan Application May Be Rejected2024-02-14 | 3 min

home+loan Home Loan
[N][T][T][N][T]
Top 5 Home Loan Benefits for First-time Woman Buyers2024-05-14 | 5 min

home+loan Home Loan
[N][T][T][N][T]
How to Choose the Best Home Loan?2023-08-09 | 4 min

home+loan Home Loan
[N][T][T][N][T]
Tips to Avoid Rejection of Your Home Loan Application2023-08-01 | 3 min

home+loan Home Loan
[N][T][T][N][T]
Home Loan for Rs.70,000 Salary: How Much Can You Borrow?2025-03-18 | 3 min

home+loan Home Loan
[N][T][T][N][T]
Home Loans for Salaried Employees: Eligibility, Documents, and Application Process2025-03-18 | 3 min

[N][T][T][N][T]
Home Loan for Pensioners: Eligibility and Benefits2025-03-11 | 3 min

tax Tax
[N][T][T][N][T]
How Much Tax Can be Saved Under Sections 80C, 80D, and 80G?2024-05-15 | 5 min

home+loan Home Loan
[N][T][T][N][T]
What is the Ideal Age to Buy a House?2025-03-19 | 2 min

tax Tax
[N][T][T][N][T]
Difference Between Old vs. New Tax Regime2024-08-22 | 5 min

loan+against+property Loan Against Property
[N][T][T][N][T]
Understanding the Mortgage Loan Underwriting Process: What You Should Know2025-05-12 | 3 min

[N][T][T][N][T]
5 Benefits of Availing of a Home Loan at an Early Age2024-05-10 | 3 min

home+loan Home Loan
[N][T][T][N][T]
Benefits of a Home Loan2023-02-20 | 4 min

cibil Cibil
[N][T][T][N][T]
Here’s What You Can Do to Improve Your CIBIL Score