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Homeownership are an aspiration for almost all, and effortlessly paying a home loan try a great milestone well worth honoring. Although not, your way doesn’t stop towards latest payment of mortgage. Discover a vital action you to definitely remains: acquiring their Zero Objection Certificate (NOC) labeled as Loan Closure Letter. This file is essential on the transition regarding a debtor so you’re able to a sole home owner. Lower than, we look into brand new intricacies of the NOC, the pros, together with steps involved in securing it.

The first step try making certain that the dues is cleared. For example this new commission of finally EMI and people associated charges or costs. Show to the financial that the mortgage account shows a zero harmony and ask for an account closure statement.

1. Making sure Accuracy in the NOC

When you receive the NOC, you should examine the information carefully. This may involve the label, assets details, loan account number, and other associated recommendations. Continue Reading