How to Download Bajaj Finserv NOC for Secured Loan?

An NOC (No Objection Certificate) is an official document issued by your lender after you have fully repaid your secured loan, including the principal amount, interest, and any applicable charges. This document confirms the closure of the loan account and releases any pledged collateral, such as property, gold, or vehicles, back to your ownership.

For instance, if you had pledged your property as collateral for a home loan, the NOC signifies that the property is now free from any financial obligation to the lender. Similarly, for a vehicle loan, the NOC allows you to update the vehicle registration certificate to remove the lender’s lien.

Why is an NOC important?

Asset Release:
An NOC is essential for reclaiming ownership of your pledged asset. Without it, you may face legal or financial complications in accessing or selling the asset.

Improved Credit Score:
Obtaining an NOC ensures that your loan closure is reported to credit bureaus, which positively impacts your credit score.

Legal Proof of Ownership:
The NOC acts as a legal document that can be used in future transactions, such as selling a property or transferring vehicle ownership.

Pro Tip: Always ensure you collect the NOC promptly after repaying your loan. It helps maintain financial compliance and avoids disputes in the future. 

Bajaj Finserv offers a user-friendly online portal that allows you to check your NOC eligibility and download the document in just a few steps. Follow this detailed guide:

1. Login process

• Visit the Bajaj Finserv Service Portal.
• Log in using your registered mobile number or email ID.
• Enter the OTP sent to your registered contact details for secure access.

2. Navigate to the services section

• Once logged in, go to the Services section.
• Select the loan account for which you wish to download the NOC.

3. Check NOC eligibility

• Ensure that your loan is fully repaid, including any outstanding charges.
• The portal will display your eligibility status for downloading the NOC.

4. Download NOC

• If eligible, click on the ‘Download NOC’ option.
• Your NOC will be available in PDF format, which you can save or print for future reference.

Obtaining an NOC after loan repayment is not just a formality—it is a crucial step in securing your financial future. Here are some key reasons why it is important:

1. Asset release

The NOC officially releases your pledged asset from the lender’s hold. For example:

• Home Loan: The NOC allows you to retrieve property documents from the lender.
• Vehicle Loan: You can update your vehicle’s registration certificate to remove the lender’s lien.
• Gold Loan: The NOC ensures the safe return of your pledged gold.

2. Improved credit score

When you receive an NOC, it confirms the closure of your loan account. This information is shared with credit bureaus, which update your repayment history. A closed loan account with no defaults positively impacts your credit score, making you eligible for better financial opportunities in the future.

3. Legal proof of ownership

The NOC serves as a legal document that can protect you from potential disputes. For instance, if you decide to sell your property or transfer vehicle ownership, the NOC will be required to prove that the asset is free from any financial encumbrance.

Conclusion

Downloading your Bajaj Finserv NOC for a secured loan is a straightforward process that ensures you have official proof of loan closure. This document is essential for reclaiming your pledged assets, improving your credit score, and safeguarding your financial future.

By using the Bajaj Finserv Service Portal, you can check your NOC eligibility and download the document in just a few clicks. Do not delay this important step—log in today to secure your financial compliance and peace of mind.

For more information on secured loans and financial services, visit the Bajaj Finserv website.