look news india
Often people go to buy a house and take a home loan. While taking a home loan, they have to submit some documents at the time of loan application and registration.
But when you repay the loan, you will have to get back many documents. There are three such documents. If you do not get them out on time, you may get into trouble.
The most important document in this is NOC. After disbursing the loan, you will have to get a no objection certificate from the bank. This ensures that you do not owe anything to the bank.
When you get the NOC, you should also check whether your name, loan closing date, complete property details, loan account number and everything else is written correctly in it or not.
After this, you have to obtain an encumbrance certificate from the registrar's office. The encumbrance certificate proves that there are no liabilities or dues on your property.
If you want to sell the property in future. Then encumbrance certificate is very important. So get it without delay.
Apart from this, you will also have to take other property documents along with the possession papers.