3 min
10-January-2025
When you fully repay your CA loan, obtaining a No Objection Certificate (NOC) is an essential step. A loan NOC is a formal document issued by your lender, confirming that you have repaid the loan in full and are no longer under any obligation to make payments. It absolves you from all legal and financial liabilities related to the loan, making it an indispensable document for your financial records.
The NOC serves several purposes, such as removing hypothecation of assets in the case of secured loans and ensuring your credit score is updated accurately. Without it, your credit report might show the loan as active, potentially impacting your future borrowing capacity. Moreover, lenders or financial institutions may require an NOC as proof of loan closure for future transactions.
In this guide, we will cover what a CA Loan NOC is, the key documents required to apply for it, the step-by-step process to download it, and the actions you need to take after receiving it. Following these guidelines will help ensure a smooth and hassle-free experience in completing your loan repayment process.
For secured loans, the NOC holds additional importance as it allows the removal of hypothecation on pledged assets. For example, if the loan was secured against office premises, equipment, or other assets, the NOC is necessary to release the lien. This ensures you regain full ownership of the collateral without legal or financial constraints.
The NOC also impacts your credit score. If the lender fails to report the closure to credit bureaus, the loan may appear as active in your credit report, potentially lowering your creditworthiness. By retrieving the NOC on time, you can ensure accurate credit reporting and avoid unnecessary complications.
Moreover, a loan NOC may be required for future financial transactions. For instance, when applying for another loan or transferring ownership of an asset linked to the loan, this document serves as essential evidence of loan closure. Obtaining your CA Loan NOC is, therefore, a critical step in concluding your financial obligation and securing your financial future.
Loan account statement
A statement showing all transactions related to the loan, including disbursements, EMIs paid, and the final settlement. This ensures the lender has a clear record of your repayment history.
Loan agreement copy
The original or a copy of the loan agreement signed at the time of disbursal. This helps validate the loan terms and conditions under which the NOC is being requested.
Proof of identity
Valid identification, such as an Aadhaar card, PAN card, voter ID, or passport, is required to authenticate your identity and match it with the loan account details.
Proof of address
Address proof, such as a utility bill, driving licence, or bank statement, is needed to confirm your contact information on record with the lender.
Loan closure receipt
The receipt or confirmation of the final payment, which includes any foreclosure or prepayment charges, if applicable. This serves as proof that the loan is fully repaid.
Request letter for NOC
A formal letter addressed to the lender, requesting the issuance of the NOC. This document should include your loan account number and other essential details.
Acknowledgement of lien release
For secured loans, if any assets were pledged, a document confirming the removal of the lien may be required during the application process.
Bank statements
Statements reflecting the payment of the final loan amount can further support your claim for a loan closure.
Providing accurate and complete documents ensures that your application for the CA Loan NOC is processed efficiently. Once you’ve gathered these, submit them to your lender either online or at a branch.
Login to your lender’s portal
Begin by visiting the official website or mobile app of your lender. Use your registered credentials, such as your customer ID, mobile number, or email ID, to log in. If you haven’t registered, create an account by providing your details and verifying them with an OTP.
Access the loan account section
After logging in, locate the “Loan Accounts” or “My Loans” section on the portal. This area provides an overview of all your active and closed loans. Navigate carefully to find the loan you want to retrieve the NOC for.
Select the specific loan
Identify the Chartered Accountant (CA) loan you have repaid. Click on the loan to view its details, including repayment history, tenure, and outstanding balance (if any). Ensure the loan is marked as “Closed” or “Fully Paid.”
Verify loan closure status
Check the status of your loan. If the loan closure status isn’t updated, reach out to the lender’s customer support team to ensure your last payment has been processed and the loan is officially closed.
Locate the NOC option
Look for a “Download NOC” or “Request NOC” button within the loan details. This feature is usually enabled once the loan is fully repaid. If you can’t find it, contact your lender’s support for guidance.
Submit additional information if required
Some lenders may require you to confirm your loan account details or submit a formal request before generating the NOC. Provide accurate information and ensure you follow any additional instructions.
Download the NOC
Once the NOC is ready, you’ll see a download link. Click on it to save the NOC as a PDF document on your device. Make sure to store it securely for future reference.
Check your email for confirmation
After downloading, your lender may send a confirmation email with the NOC attached. Verify that the document matches your loan details and retain the email as a backup.
Review the NOC carefully
Examine the NOC to confirm it contains accurate information, such as your name, loan account number, and the lender’s official stamp or signature.
Downloading your CA Loan NOC ensures your loan account is officially closed and leaves no room for financial discrepancies. By following the steps outlined, including logging into the lender’s portal, verifying loan closure status, and downloading the NOC, you can secure this critical document with ease. Always review the NOC for accuracy to maintain a clean credit profile.
1. Verify the details on the NOC
Carefully review the NOC to confirm it includes accurate information, such as your name, loan account number, and the statement that all dues are cleared. If any discrepancies are found, contact your lender immediately for corrections.
2. Update your credit report
Ensure your lender reports the loan closure to credit bureaus like CIBIL. An updated credit report reflecting the closure of the loan positively impacts your credit score. Periodically check your credit report to confirm the update.
3. Retrieve pledged documents or assets
For secured loans, retrieve all original documents, such as property papers or fixed deposit receipts, that were pledged as collateral. This officially ends the lender's claim on your assets.
4. Remove hypothecation
If your loan involved hypothecation, such as a vehicle loan, visit the relevant RTO or registrar office with your NOC to remove the lender’s lien on the asset. This step legally transfers full ownership back to you.
5. Keep the NOC safely
Store the NOC in a safe place, as it serves as proof that the loan is fully repaid. This document may be required for future transactions or disputes.
6. Cross-check for pending duesCheck your loan account to ensure no hidden charges, overdue payments, or penalties remain. You can use the Bajaj Finserv overdue online payment service to clear any residual amounts, if applicable.
7. Plan your finances wisely
With your loan repaid, revisit your financial goals. Assess whether you need new investments or savings options to strengthen your financial future.
For more insights, you can check the Bajaj Finance NOC status guide to understand the process better.
The NOC serves several purposes, such as removing hypothecation of assets in the case of secured loans and ensuring your credit score is updated accurately. Without it, your credit report might show the loan as active, potentially impacting your future borrowing capacity. Moreover, lenders or financial institutions may require an NOC as proof of loan closure for future transactions.
In this guide, we will cover what a CA Loan NOC is, the key documents required to apply for it, the step-by-step process to download it, and the actions you need to take after receiving it. Following these guidelines will help ensure a smooth and hassle-free experience in completing your loan repayment process.
What is a CA loan NOC?
A CA Loan No Objection Certificate (NOC) is an official document issued by your lender confirming the complete repayment of your Chartered Accountant loan. It states that all outstanding dues, including the principal amount, interest, and any additional charges, have been cleared. The NOC serves as proof that your loan account is officially closed, protecting your credit profile and financial reputation.For secured loans, the NOC holds additional importance as it allows the removal of hypothecation on pledged assets. For example, if the loan was secured against office premises, equipment, or other assets, the NOC is necessary to release the lien. This ensures you regain full ownership of the collateral without legal or financial constraints.
The NOC also impacts your credit score. If the lender fails to report the closure to credit bureaus, the loan may appear as active in your credit report, potentially lowering your creditworthiness. By retrieving the NOC on time, you can ensure accurate credit reporting and avoid unnecessary complications.
Moreover, a loan NOC may be required for future financial transactions. For instance, when applying for another loan or transferring ownership of an asset linked to the loan, this document serves as essential evidence of loan closure. Obtaining your CA Loan NOC is, therefore, a critical step in concluding your financial obligation and securing your financial future.
Key documents required to apply for a CA loan NOC
When applying for a CA Loan No Objection Certificate (NOC), providing the correct documents is essential to ensure a smooth process. Below is a detailed list of the key documents typically required by lenders:Loan account statement
A statement showing all transactions related to the loan, including disbursements, EMIs paid, and the final settlement. This ensures the lender has a clear record of your repayment history.
Loan agreement copy
The original or a copy of the loan agreement signed at the time of disbursal. This helps validate the loan terms and conditions under which the NOC is being requested.
Proof of identity
Valid identification, such as an Aadhaar card, PAN card, voter ID, or passport, is required to authenticate your identity and match it with the loan account details.
Proof of address
Address proof, such as a utility bill, driving licence, or bank statement, is needed to confirm your contact information on record with the lender.
Loan closure receipt
The receipt or confirmation of the final payment, which includes any foreclosure or prepayment charges, if applicable. This serves as proof that the loan is fully repaid.
Request letter for NOC
A formal letter addressed to the lender, requesting the issuance of the NOC. This document should include your loan account number and other essential details.
Acknowledgement of lien release
For secured loans, if any assets were pledged, a document confirming the removal of the lien may be required during the application process.
Bank statements
Statements reflecting the payment of the final loan amount can further support your claim for a loan closure.
Providing accurate and complete documents ensures that your application for the CA Loan NOC is processed efficiently. Once you’ve gathered these, submit them to your lender either online or at a branch.
Step-by-step process to download a CA loan NOC
Downloading a CA Loan No Objection Certificate (NOC) is crucial to officially closing your loan account. Here’s a detailed, step-by-step guide to help you through the process:Login to your lender’s portal
Begin by visiting the official website or mobile app of your lender. Use your registered credentials, such as your customer ID, mobile number, or email ID, to log in. If you haven’t registered, create an account by providing your details and verifying them with an OTP.
Access the loan account section
After logging in, locate the “Loan Accounts” or “My Loans” section on the portal. This area provides an overview of all your active and closed loans. Navigate carefully to find the loan you want to retrieve the NOC for.
Select the specific loan
Identify the Chartered Accountant (CA) loan you have repaid. Click on the loan to view its details, including repayment history, tenure, and outstanding balance (if any). Ensure the loan is marked as “Closed” or “Fully Paid.”
Verify loan closure status
Check the status of your loan. If the loan closure status isn’t updated, reach out to the lender’s customer support team to ensure your last payment has been processed and the loan is officially closed.
Locate the NOC option
Look for a “Download NOC” or “Request NOC” button within the loan details. This feature is usually enabled once the loan is fully repaid. If you can’t find it, contact your lender’s support for guidance.
Submit additional information if required
Some lenders may require you to confirm your loan account details or submit a formal request before generating the NOC. Provide accurate information and ensure you follow any additional instructions.
Download the NOC
Once the NOC is ready, you’ll see a download link. Click on it to save the NOC as a PDF document on your device. Make sure to store it securely for future reference.
Check your email for confirmation
After downloading, your lender may send a confirmation email with the NOC attached. Verify that the document matches your loan details and retain the email as a backup.
Review the NOC carefully
Examine the NOC to confirm it contains accurate information, such as your name, loan account number, and the lender’s official stamp or signature.
Downloading your CA Loan NOC ensures your loan account is officially closed and leaves no room for financial discrepancies. By following the steps outlined, including logging into the lender’s portal, verifying loan closure status, and downloading the NOC, you can secure this critical document with ease. Always review the NOC for accuracy to maintain a clean credit profile.
What to do after receiving your CA loan NOC?
Receiving your CA Loan NOC is a significant step towards completing your loan journey. However, there are essential actions to take to ensure everything is in order:1. Verify the details on the NOC
Carefully review the NOC to confirm it includes accurate information, such as your name, loan account number, and the statement that all dues are cleared. If any discrepancies are found, contact your lender immediately for corrections.
2. Update your credit report
Ensure your lender reports the loan closure to credit bureaus like CIBIL. An updated credit report reflecting the closure of the loan positively impacts your credit score. Periodically check your credit report to confirm the update.
3. Retrieve pledged documents or assets
For secured loans, retrieve all original documents, such as property papers or fixed deposit receipts, that were pledged as collateral. This officially ends the lender's claim on your assets.
4. Remove hypothecation
If your loan involved hypothecation, such as a vehicle loan, visit the relevant RTO or registrar office with your NOC to remove the lender’s lien on the asset. This step legally transfers full ownership back to you.
5. Keep the NOC safely
Store the NOC in a safe place, as it serves as proof that the loan is fully repaid. This document may be required for future transactions or disputes.
6. Cross-check for pending duesCheck your loan account to ensure no hidden charges, overdue payments, or penalties remain. You can use the Bajaj Finserv overdue online payment service to clear any residual amounts, if applicable.
7. Plan your finances wisely
With your loan repaid, revisit your financial goals. Assess whether you need new investments or savings options to strengthen your financial future.
For more insights, you can check the Bajaj Finance NOC status guide to understand the process better.
