After the EMI of the home loan is completed, do not mistake it accidentally, do this job.

After taking home loan from any bank or financial institution, repaying its full EMI is a big relief. However, after paying EMI, you can be sure to complete the required work once. In fact, after home loan repair, you should get a NoC – No Objection Certificate.

NoC is a type of certificate that shows that you have repaid home loan and you have no liability to the bank or financial institution. One advantage of NoC is that if you have got the property insured then the claim will be given to you directly. In case of not taking NOC, the amount of this insurance claim will be given to the lender. For these reasons, it is important for you to get the NOC from the bank or financial institution after repaying the full EMI of the home loan.