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Closing a home loan is a huge milestone—you’ve crossed the paperwork maze and finally own your dream home! But before you celebrate too hard, there’s one last (and crucial) step: securing the essential documents. Keeping these papers safe ensures you have proof of ownership, can resolve future disputes, and stay financially organized. 

Here’s a breakdown of the key documents you need after closing your home loan:

Loan Closure Certificate

This is your official confirmation that you’ve fully repaid the loan. It’s a crucial document to clear your financial records and protect against future claims from the lender. Always request this immediately after your final payment.

No Dues Certificate (NDC)

Also known as a No Dues Letter, this document confirms that you have no pending EMIs or outstanding balance. It acts as proof that your loan account is closed and the lender has no further financial claims.

No Objection Certificate (NOC)

The NOC officially declares that the lender has released their claim over your property. This document is critical to update property records and proves that the bank’s lien (legal hold) is no longer valid. Without it, future transactions involving your property—like selling or refinancing—can become complicated.

Removal of Lien from Property Records

In many cases, lenders place a lien on your property as collateral. After receiving your NOC, ensure that the bank notifies the relevant sub-registrar’s office to remove the lien. You may need to submit an application yourself with the NOC to formally clear the lien from government records. Always follow up to confirm the lien is removed.

Original Property Documents

During the loan process, banks hold your original property-related paperwork. Upon loan closure, ensure you collect everything you submitted, including:

• Sale deed

• Agreement to sale

• Possession letter

• Mother deed (for resale properties)

Carefully cross-check these against the original list to verify nothing is missing.

Updated Non-encumbrance Certificate (NEC)

An updated NEC reflects that there are no longer any financial claims or loans against your property. Request this from the sub-registrar’s office to confirm that your mortgage is cleared from legal records. This is especially important if you plan to sell or transfer ownership.

Loan Repayment Statement

This detailed statement outlines every payment you made, including principal and interest breakdowns. It’s a useful record for tax purposes and can serve as proof of timely payments if any disputes arise later.

Post-Dated Cheques (PDCs)

If you provided post-dated cheques during the loan tenure (for EMI payments), ensure you collect any unused ones when your loan is closed. Unclaimed PDCs can be misused or create confusion, so retrieve and destroy them responsibly.

Credit Report Update

Once the loan is closed, check your credit report (with agencies like CIBIL) to verify that the lender has marked the loan as “closed.” This update improves your credit score and ensures your financial records are clean.

Conclusion
Store both physical and digital copies of these documents securely. Use a password-protected cloud service for extra safety and easy access when needed.

Taking these steps ensures your property is fully yours—free from any financial or legal claims.