Loan
NOC
Also known as: No Objection Certificate, Loan Closure Certificate
No Objection Certificate - Document confirming loan closure and property lien release.
Detailed Explanation
NOC (No Objection Certificate) is issued by the bank after full loan repayment, confirming that the loan is closed and they have no further claim on the mortgaged property. It's essential for property sale, as it proves clear title. The NOC should be registered with the sub-registrar to formally remove the bank's lien from property records.