A No Objection Certificate (NOC) from a bank after the completion of a property loan indicates that the borrower has successfully repaid the entire loan amount along with any interest and fees. This certificate serves as a confirmation from the bank that they have no objections to the property being fully owned by the borrower, free from any encumbrances related to the loan. It's important to communicate with your bank for obtaining a NOC after completing your property loan. Given below is a sample letter to Bank manager seeking NOC after completion of property loan.
To
The Branch Manager
HDFC Bank
Branch Address
Subject: Request for No Objection Certificate (NOC) - Property Loan Account [123XXXXXX]
Sir/Madam,
I am writing to request a No Objection Certificate (NOC) for my property loan account [Loan Account Number] with HDFC Bank. I am pleased to confirm that I have completed all loan payments and obligations for the property located at [Property Address].
I kindly request the issuance of the NOC to acknowledge the successful closure of the loan. I have attached the necessary documents for your reference. Please send the NOC to my registered email [Email Address].
I appreciate your assistance throughout the loan tenure and look forward to finalizing this process. Thank you for your prompt attention to this matter.
Sincerely,
[Your Name]
[Your Address]
Date:
Place:
Enclosures:
Loan Closure Statement
Copy of Loan Agreement
Any other relevant documents
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