Download the NOC for your loan against securities

If you've taken a Loan Against Securities (LAS), you're already familiar with the flexibility it offers—leveraging your investments like shares, mutual funds, or bonds without liquidating them. But what happens once you repay the loan? That's where the Loan Against Securities No Objection Certificate (NOC) comes into play. A LAS NOC is an essential legal document issued by the lender, confirming that the loan has been fully repaid and that they have no further claim on your pledged securities. It serves as formal proof of loan closure and is crucial for updating your credit records, regaining full control of your securities, and maintaining financial credibility. Without it, your assets may remain under a lien, even after repayment. In this article, we’ll break down everything you need to know about the LAS NOC—its importance, how to obtain it, and what steps to take once you receive it. Let’s dive in!

Key documents required to apply for a loan against securities NOC from Bajaj Finance

If you’ve successfully repaid your Loan Against Securities (LAS) with Bajaj Finance and are looking to obtain a No Objection Certificate (NOC), you’ll need to provide a few key documents. These help verify your identity, loan details, and repayment status. Here's a comprehensive list of the documents typically required:

Loan account number
Ensure you have your LAS account number handy. This helps Bajaj Finance quickly identify and verify your closed loan.


Request letter for NOC
A formal, signed request letter addressed to Bajaj Finance, stating that you’ve completed the repayment and are seeking an NOC.


Self-attested identity proof
Submit a copy of any government-issued ID proof such as:


Aadhaar Card


PAN Card


Passport


Voter ID


Driving License


Self-attested address proof
Any of the following documents can be submitted as valid proof of address:


Aadhaar Card


Utility Bills (electricity, water, gas – not older than 3 months)


Rental Agreement


Passport


Loan closure proof / repayment acknowledgement
Provide documentation that proves you’ve fully repaid the loan. This could be a bank statement, final EMI receipt, or a loan closure letter issued by Bajaj Finance.


Demat account details (if applicable)
If you pledged dematerialised securities, including your Demat account details, may be necessary to release the lien from the pledged assets.


Cancelled cheque (for record verification)
A cancelled cheque from the bank account linked with your loan can be requested for verification purposes.


Signature verification document (if required)
In some cases, a signature verification letter from your bank may be needed to authenticate your request.


Always check directly with Bajaj Finance for any updates to the documentation process, as requirements may vary slightly based on individual cases or updates in policy.

Step-by-step process to download a loan against securities NOC with Bajaj Finance

Once you’ve repaid your Loan Against Securities (LAS) with Bajaj Finance, the next important step is to obtain your No Objection Certificate (NOC). This document confirms that your loan is fully settled and that there are no outstanding dues or claims on your pledged securities. Here’s a step-by-step guide to help you download the NOC easily:

Step 1: Ensure full loan repayment
Make sure that the entire loan amount, including any applicable interest and charges, has been repaid. Partial payments or pending dues may delay NOC issuance.


Step 2: Wait for loan closure confirmation
After successful repayment, Bajaj Finance will process your loan closure. You should receive a confirmation via SMS or email indicating that the loan account has been closed.


Step 3: Visit the Bajaj Finance website Go to the official Bajaj Finance website

Step 4: Log in to the service portal
Click on ‘Service’ section.
Log in using your registered mobile number, email ID, along with the OTP sent to your device.


Step 5: Navigate to the ‘Relations’ or ‘Loan Details’ section
Once logged in, go to the “Relations” or “Loan Accounts” tab where all your active and closed loans are listed.


Step 6: Select the closed loan account
Choose your LAS loan account that has been closed. Ensure the status shows as "Closed" or "Settled."


Step 7: Click on ‘Download Documents’ or ‘View NOC’
Under the selected loan account, look for options like “Download NOC”, “Loan Documents”, or “Closure Letter”. Click on the relevant link.


Step 8: Download the NOC
Your NOC will be available in PDF format. Download and save it for your records.


Step 9: Verify the details
Ensure that the NOC includes your name, loan account number, closure date, and confirmation of no dues. Check for any errors or discrepancies.


Step 10: Contact customer support if needed
If you’re unable to find or download the NOC, contact Bajaj Finance customer support at 08698010101 or raise a request through the portal.


Having a copy of your NOC is crucial for clearing the lien on your securities and safeguarding your financial profile.

What to do after receiving your loan against securities NOC?

Once you receive your Loan Against Securities (LAS) No Objection Certificate (NOC) from Bajaj Finance, there are several important steps to take to ensure your financial and investment records are properly updated. Here's what you should do next:

Step 1: Verify the NOC details
Carefully check the NOC document for accuracy. Ensure that the loan account number, your name, the closure date, and confirmation of no dues are correctly listed. Any discrepancies should be addressed immediately with Bajaj Finance.


Step 2: Release the lien on pledged securities
After receiving the NOC, the lien on your pledged securities (such as shares or mutual funds) will be released. Contact the depository or institution where your securities are held to update their records and remove the lien.


Step 3: Download and store the NOC for future reference
It's important to save the NOC for future reference. Download a digital copy and print a hard copy for your records. This document may be required for future financial transactions or loan applications.


Step 4: Monitor your credit report Check your credit report to ensure that the loan closure is reflected. The NOC will help remove any outstanding marks related to the loan, improving your credit score. Regularly monitor your credit status using resources like Bajaj Finance NOC Status for updates.

Step 5: Ensure no further payments are due Double-check that there are no overdue payments or pending dues related to the loan. If any payment is missed or delayed, it could affect your credit and financial standing. If you have any overdue EMIs, clear them promptly via the Bajaj Finserv overdue online payment portal.

Step 6: Consider future investments or loans
With the closure of your LAS, you’re free to explore new investment opportunities or consider applying for other loans in the future. Your improved financial standing post-NOC can work in your favour.


These steps will help ensure that your loan closure is complete and that your assets and credit are in good standing.

Conclusion

In conclusion, obtaining a Loan Against Securities No Objection Certificate (NOC) from Bajaj Finance is an essential step after repaying your loan. By carefully following the steps outlined—verifying the NOC details, releasing the lien on your securities, and ensuring that no overdue payments exist—you can ensure your financial records are properly updated. Additionally, monitoring your credit report and storing the NOC for future reference will keep your financial standing intact. With the loan fully settled, you’re free to pursue new investment opportunities or loans, making your financial journey smoother and more secure.