Published Jul 29, 2025 4 Min Read

What is an NOC for Unsecured Loans?

A No Objection Certificate (NOC) is an official document issued by a lender, such as Bajaj Finserv, after you have fully repaid your loan. It certifies that the lender has no outstanding claims against you. For unsecured loans, where no collateral is involved, the NOC serves as a confirmation that you have fulfilled all financial obligations tied to the loan.

Why is an NOC important?

  1. Proof of loan closure: The NOC acts as a formal acknowledgment that your loan account is settled.
  2. Credit score improvement: Having a NOC ensures that your loan closure is accurately reflected in your credit report, which can positively impact your credit score.
  3. Future financial transactions: Whether you are applying for new loans or refinancing existing ones, an NOC assures lenders that you have a clean repayment history.
  4. Legal protection: The NOC protects you from any future disputes or claims regarding the loan.

Know more

https://www.bajajfinserv.in/get-noc-after-loan-foreclosure

How to Check NOC Download Status?

Downloading your Bajaj Finserv NOC is a straightforward process. Follow these steps to check the status and download your NOC:

Step 1: Verify loan closure status

Before attempting to download the NOC, ensure that your loan is fully repaid. Log in to the Bajaj Finserv portal and check your loan account details for confirmation of closure.

Step 2: Log in to your Bajaj Finserv account

Visit the official Bajaj Finserv website and log in using your registered mobile number or email ID. Ensure that you use the credentials linked to your loan account.

Step 3: Authenticate your account

Complete the mandatory OTP-based verification process. This step ensures the security of your account and access to sensitive loan details.

Step 4: Locate the NOC section

Once logged in, navigate to the section dedicated to loan closure or NOC issuance. This is typically accessible from your account dashboard.

Step 5: Download the NOC

If your loan closure status is verified, you will be able to download the NOC in PDF format. Save the document for future reference.

Troubleshooting rejection issues

If your NOC application gets rejected, here are some common reasons and solutions:

  • Incomplete dues: Verify that all outstanding dues, including penalties or charges, are cleared.
  • Incorrect account details: Double-check the credentials used during login.
  • System errors: Contact Bajaj Finserv customer support to resolve technical issues.


 

Know more

https://www.bajajfinserv.in/track-your-loan-repayment-with-statement-of-account
 

Difference Between NOC Vs Loan Closure

Difference Between NOC Vs Loan Closure -H4 (Word Count -80-100 & Content should be Tabular Comparison)


Why is NOC Important After Loan Repayment?-H5 (Word Count -80-100 & Content should be Descriptive + Benefits)

Frequently Asked Questions

Can NOC be used for loan refinancing?

Yes, an NOC can support loan refinancing applications. It assures new lenders that your previous loan is fully settled, making you eligible for fresh credit.

Can I download an unsecured loan NOC without repaying the full loan?

No, you cannot download an NOC unless your loan obligations are fully met. Bajaj Finserv issues NOCs only after confirming that all dues, including penalties, are cleared.

Is NOC required for pre-closing an unsecured loan?

Yes, even if you pre-close your loan, an NOC is required to confirm that the lender has no claims against you. Ensure that all dues are cleared before applying for the NOC.

Is NOC mandatory for credit score improvement?

While an NOC is not mandatory for improving your credit score, it plays a significant role. It ensures that your loan closure is accurately recorded in your credit history, which can positively impact your score.

Why is my NOC application getting rejected?

Common reasons for rejection include:

  • Unpaid dues: Ensure all payments are complete, including penalties or charges.
  • Incorrect account details: Verify the information provided during login.
  • Technical issues: Contact Bajaj Finserv customer support for assistance.
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Bajaj Finserv App for all your financial needs and goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

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Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.