How to Download Bajaj Finserv NOC for Secured Loan?

A No-Objection Certificate (NOC) is a formal document issued by a lender, such as Bajaj Finserv, after you have fully repaid your secured loan. This certificate serves as proof that you have cleared all outstanding dues, including the principal amount, interest, and any applicable charges, and that the lender has no further claims on the asset pledged as collateral.

For example, if you took an auto loan from Bajaj Finserv, the NOC confirms that the loan has been repaid, and the lender no longer has a lien on your vehicle. This document is crucial for updating ownership records, such as removing the hypothecation from your vehicle’s registration certificate.

Key highlights of an NOC:

• Confirms loan repayment in full.
• Serves as proof of ownership release for collateral.
• Helps maintain a clean credit history.

Pro Tip: Always ensure that you download and store your NOC securely once it is issued. It may be required in the future for legal or financial purposes.

Downloading your NOC from Bajaj Finserv is a simple and user-friendly process. Follow these steps to verify your eligibility and download the certificate:

Login to Bajaj Finserv Service Portal

• Visit the official Bajaj Finserv website at www.bajajfinserv.in.

Authenticate your account

• Log in using your registered mobile number or email ID. You will need to verify your identity using a one-time password (OTP).

Navigate to the ‘Loans’ section

• Once logged in, go to the ‘Services’ tab and select the ‘Loans’ section.

Check NOC status

• Select the relevant loan account to view the NOC application status. If your loan repayment is complete, the status will indicate that the NOC is ready for download.

Download your NOC

• Click on the download option to save the NOC in PDF format. Ensure that you print a copy for your records.

Follow up if required

• If your NOC application is rejected, review the reasons provided and take corrective action, such as clearing outstanding dues or updating incorrect details.

Obtaining an NOC after repaying your secured loan is not just a formality—it plays a crucial role in protecting your financial and legal interests. Here are some reasons why this document is indispensable:

Proof of loan closure

• The NOC acts as official proof that your loan has been fully repaid. This is particularly important for secured loans, where the lender holds rights over the collateral until the loan is closed.

Removal of hypothecation

• For loans like auto loans, the NOC is required to remove the hypothecation from your vehicle’s registration certificate (RC). Without this, the lender’s name will continue to be associated with your asset.

Credit score improvement

• A cleared loan reflects positively on your credit report, showcasing your financial discipline. The NOC serves as evidence that you have responsibly managed and repaid your debt.

Avoiding future disputes

• An NOC ensures that there are no disputes regarding the loan in the future. It provides a clear record that all dues have been settled.

Important Note: Always cross-check the details on your NOC, such as your name, loan account number, and asset details, to ensure accuracy. Contact Bajaj Finserv immediately in case of discrepancies.

Conclusion

Downloading your Bajaj Finserv NOC for secured loans is a straightforward process, but it is one that you should not overlook. This document is vital for confirming loan closure, protecting your financial records, and maintaining a good credit history. By following the steps outlined above, you can easily check your NOC status and download it online.

If you encounter any issues, Bajaj Finserv’s customer support team is always available to assist you. Ensure that you keep your NOC safe, as it may be required for future transactions, such as removing hypothecation or applying for a new loan.