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Keep these five things in mind while paying off your home loan

Updated : August 27, 2018 03:09 PM IST

Once you have completely paid all the repayments associated with your current home loan, it’s important to obtain the no objection certificate (NOC) or No Dues Certificate (NDC) from your home loan lender. 
At the time of closure of your home loan, the lender has to release all documents taken from the borrower when the loan was applied.
The encumbrance certificate is a legal document containing detailed records of all your financial transactions related to the property mortgaged for home loan.
Keep these five things in mind while paying off your home loan
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