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.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more