Most of you, whenever you have bought your new house or whenever you have bought your new land, you must have asked for NOC certificate from the landlord and land owner. Have you ever taken a loan from a bank and after a few days you have repaid all your loans from that bank? Even after repaying the loan, you must have taken a NOC certificate from the bank. Let us tell you that NOC certificate is a certificate in which it is written that you have made all the payments.
With this certificate you will not have to face any kind of transaction problem in future. All of you must have used NOC certificate, but do you know what is the full form of NOC? Most of you will not know about its full form, so friends, you do not need to worry. Today we are going to give you all the information about NOC like what is NOC? What is the full form of NOC? Benefits of NOC certificate? Etcetera.
What is the full form of NOC?
The full form of NOC is “No Objection Certificate”.
- N – No
- O – Objection
- C – Certificate
What is NOC?
NOC is a certificate which is given by an individual or organization. In this letter it is written by the person or organization that they have no objection of any kind. Let us understand from the example, suppose you live in a house on rent and for some reason you have to leave that house and shift to another house, then you can take NOC proof from your landlord. In that NOC certificate, your landlord gives you a written statement that you have paid all the rent and you do not have any money left so that you do not face any problem regarding rent in future.
Where is NOC certificate required?
NOC certificate is required in some special cases. Like at the time of buying a car, at the time of selling property, at the time of getting a new job, at the time of studying abroad, at the time of installing a mobile tower, etc., we will give you some examples to explain why NOC certificate is required.
1. When buying a car
When you buy any new car on finance. After this, when you pay all the installments, then you can take NOC certificate from the company. After this, the company issues an NOC certificate in your name. It is written in this letter that you have paid the entire installment of the vehicle.
2. While joining a new job
When you join a new company, you can ask for NOC from that company. The company writes to you in that NOC certificate that there is no restriction on this post. So that you do not face any problem in future regarding this post.
3. While studying abroad
When you go to study abroad, you can ask for NOC from your school or college. In that NOC, it is written by your school or college that we have no problem with this student studying abroad.
4. While installing mobile tower
When you install a mobile tower on the roof of your house, you have to get an NOC from the people around you. In this NOC, your neighbors write that they have no problem with this mobile tower.
Benefits of NOC Certificate?
- If you have taken NOC certificate after repaying the first loan from the bank, then you can easily get a second loan from the bank.
- If you have taken NOC from the company after paying the loan for the car taken on finance, then you can take the car on finance for the second time.
- After taking NOC, you can easily sell your house or land.
- After taking NOC you can sell your vehicle.
- After taking NOC you can study abroad.
Disadvantages of NOC Certificate?
- If you do not obtain NOC certificate, you may face difficulty in taking another loan from the bank.
- If you do not obtain NOC, you may face problems in selling the house or land.
- If you do not get NOC, you may face problems in selling the vehicle.
NOC is an imported document, you must get it made so that you do not have to face any kind of problem in future. Friends, we hope that you have got all the information about the full form of NOC in this article. If you have any question related to NOC, you can ask us by commenting.
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