For every borrower, the most common concern is quick loan approval and repaying the credit within the stipulated tenor. If an individual has obtained a housing loan or any other credit from Bajaj Finserv, they can conveniently download home loan NOC through Bajaj Finserv Customer Portal- Experia without any hassle. Besides, the third important factor is loan closure formality which is usually an extensive process. But with Bajaj Finserv, one can reduce the hassle of lengthy procedures, forms, and the time involved in obtaining funds. Also allowing borrowers to track their loan status and provide NOC letters online.
Consequences of not having an NOC certificateA home loan NOC or No-Objection Certificate is a legal document generally issued by the lender, stating your complete repayment of credit. It also explains that the lender no longer possesses any right over the collateral property. This document is essential as it helps borrowers achieve a good credit score. Besides, it also contains the necessary information, such as borrower’s name, loan account, loan closure date, list of documents, and more. By downloading the Bajaj Finserv Home Loan NOC certificate conveniently through the portal, individuals can free themselves from the loan burden once and for all.
Know about the financial and legal implications of not collecting NOC:
- Impacting credit score
- Incur financial loss
- Legal hassles