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Request Letter to Bank Manager for Car Loan NOC (Sample)

A No Objection Certificate (NOC) can be obtained from the lender of the loan after the total loan amount is paid up by the borrower. Generally, the lenders viz. banks and financial institutions are supposed to dispatch the NOCs to the loan account holder after the loan account is closed. But there may be delays in receiving the NOC either because of the fault of the lender or because of a change in address of the customer which is not updated on records.
how to get noc from bank for car loan

A No Objection Certificate (NOC) is considered as a legal document. It is otherwise known as a “No Dues Certificate” or “Loan Clearance Certificate”. It certifies that the customer has no outstanding dues towards the lender for the concerned loan account.

Here are a couple of formats of application letters to the bank for issue of NOC for loan closure.

SAMPLE #1
Application for issue of NOC for Loan closure


Date: ..................

From
(Name of the Loan Account-holder)
(Registered Address)
(Contact Number)

To
The Manager
(Name of the Bank)
(Name of the Branch)

Sub.: Application for issue of no-objection certificate (noc)
Ref: Loan account number ......................... in the name of ............................

Dear Sir/Madam,

I had obtained a loan from your bank in order to finance the purchase of my car (Brand: ............., Model: ............). The loan account number is ..................... for the car loan.

The last installment for the said loan was due on (Date). The due amount has been paid by me in time. Thereby, the total amount due to be paid by me to your bank for this car loan has been all paid up.

You are hereby requested to issue an NOC or a loan clearance certificate in respect of the vehicle financed under the captioned loan agreement. The same can be forwarded to my registered address.

Kindly do the needful and oblige.

Thanking you!

Yours faithfully,

   (signature)
(Name of the Loan Account-holder)


SAMPLE #2
Application for issue of NOC for other purposes

Date: ..................

From
(Name of the Loan Account-holder)
(Present Address)
(Contact Number)
(Email Id)

To
The Manager
(Name of the Bank)
(Name of the Branch)

Sub.: Application for issue of no-objection certificate (noc)
Ref: Loan account number ......................... in the name of ............................

Dear Sir/Madam,

You are requested to issue an NOC in respect of the vehicle financed under the captioned loan agreement.

Details of the vehicle are as follows:
Make & Model .....................
Registration No. ...................
Engine No. ...........................
Chassis No. .........................

Purpose of NOC (please tick as applicable):

1. Issue of cheque towards settlement of insurance claim in my/our favour
2. Change of usage from Personal use to Taxi / Commercial use
3. Settlement of claim in respect of theft/total loss of vehicle
4. Converting the vehicle from Tanker to Open Body
5. Inter-state transfer of registration of the Vehicle
6. Change of the chassis of the Vehicle 
7. Installation of the LPG /CNG Kit
8. Issue of the Duplicate RC Book
9. Others, please specify: ............

The following documents are enclosed herewith: (strike out the ones not applicable in your case)
⋅ Copy of RC book with Hypothecation in favour of Bank
⋅ Letter from manufacturer / dealer / Insurance company
⋅ Claim settlement letter from the insurance company
⋅ Copies of all documents related to theft / total loss
⋅ New Loan agreement and Service charges
⋅ Proof of new address
⋅ Form 28 in triplicate
⋅ Form-26 in duplicate

Kindly do the needful and forward the NOC to my current address as mentioned hereinabove.

Thanking you!

Yours faithfully,

   (signature)
(Name of the Loan Account-holder)

Encl: As above

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