After the home loan is over, take these two documents immediately, a slight mistake can cause a loss
Home Loan Two Important Documents: When your home loan is over. So, without wasting time, you have to get two important documents. Know what these documents are.
Having your own house is a dream for everyone. For this, many people work very hard. They collect a lot of money.
So many people cannot collect enough money to buy a house. Such people fulfill their dream of buying a house with the help of a home loan.
Many banks and non-banking financial companies provide home loans. With which any person can fulfill his dream of buying a house.
Once you take a home loan, then its EMI is made. Which you have to repay within a fixed time. While taking a home loan, you also have to submit some documents to the bank.
When your home loan is over, so, without wasting time, you have to get two important documents.
One of these documents is NOC i.e. No Objection Certificate which proves that you do not have any loan from the bank. This certificate contains the loan closing date and other information.
The second document is the Encumbrance Certificate which you get from the Registrar's Office. It is written in it that there is no loan on the property now. This certificate is useful when you sell the property in the future.