Application of No Objection Certificate (NOC) from Bank

Application of No Objection Certificate (NOC) from Bank

Application of No Objection Certificate (NOC) from Bank

A No Objection Certificate (NOC) is a legal document issued by the related authority for a specific cause. Generally, all the lenders dispatch the NOC document to your registered address once your loan is complete. Below briefly describe on Sample Application of No Objection Certificate (NOC) from Bank. It can be used for employment, trade, litigation, immigration, and many other purposes to nullify any objection by the party concerned in the process. Banks can issue on your demand to give you the clearance of your paid loans, credit card bills, etc. You need to modify this sample according to your needs.]

Date: DD/MM/YY

The Manager…

Bank Name…

Branch name and Address…

Sub: Application for bank Loan Clearance (NOC) Certificate

Respected Sir,

It is stated that I am (Your name) holding account number (*****/***) in your bank since (***) years. I took a loan from the bank for my personal use of (Money amount). Tenure of (****) years was given to me and I agreed all the terms and conditions. (Describe in your words). Till now, (***) year is over and I have paid (Money amount), but I cannot afford the installment system, which I was paying to the bank. (Explain the actual problem and situation). Thus, I decided to pay the lump sum cash of (Money amount) all at once. I have deposited the mentioned amount on (*****). So for this purpose, you are kindly requested to issue me a NOC certificate enclosing all of my details.

It is requested that kindly; issue me a Loan Clearance Certificate with NOC as it will be of my use in the future. I hope that you will issue me the NOC certificate as soon as possible keeping into consideration my current position. (Cordially describe your greetings and requirements). I hope that you will consider my request as soon as possible.

Thanking you in anticipation.

Sincerely,

Name & Signature…

Contact No…

 

Another format,

Date: DD/MM/YY

The Manager…

Bank Name…

Branch name and Address…

Sub: Application of NOC Certificate

Dear Sir/Madam,

This is with reference to the Home Loan A/C no. (*****) in your branch, (location and address). I had applied a home loan of (Money amount) in the year 20xx and the amount of (Money amount) has been sanctioned to me on (Date: dd/mm/yy). (Describe all about the situation). As per the payment schedule of over (Periods) years, I have cleared the total due amount last month and the last EMI date was (Date: dd/mm/yy). Now, I want to start a new business in (Area and city name) but the policy of the (City and state name) state government for starting a new business is that the person must be solvent and he must have also paid all his debts. (Describe actual problem and situation).

Enclosed is the bank statement along with the other relevant home loan documents for ready reference. You are requested to grant me NOC from your bank so that I might be able to inaugurate the business in (Area and City name).

The NOC from the bank is required as proof. I would request you to kindly issue a No Objection Certificate (NOC) from the Bank for my future ref and records. I shall be obliged in this regard. Also please do let me know for further documentation if required. I shall be grateful to you for this favor.

Sincerely,

(Name & Signature)

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