Importance of Securing A Noc After Loan Closure

Hero Fincorp10 Nov, 2020Finance

However, it�s very important that in our joy of having repaid a loan, we should not forget one last but extremely crucial step - procuring a No Objection Certificate (NOC) from the financer. The borrower brings a complete closure to the loan only when he/she has the legal document that declares that he/she has no outstanding dues towards the lender and the lender has no right over the collateral.