NOC Letter Format for Bank Loan

Are you thinking of fulfilling your dream by buying something you have dreamt of for so many years now? Or if you have completed your loan repayment and need an affirmation from the bank, you will have to write a letter to the branch manager of the bank and request him to issue a NOC for bank loan.

What is a NOC for a Bank Loan?

A NOC is a “no objection” certificate. A No objection certificate can be issued by the bank when requested by an account holder, either on taking a loan from the bank or upon completion of the already taken loan.

A no objection certificate acts as proof that the bank has no objection to lending the money, and in the case of loan repayment, it acts as proof that the customer has no further obligation towards the bank and has repaid the loan amount.

Guidelines to Write a NOC for a Bank Loan

1. A NOC letter is addressed to the bank manager or the branch manager.
2. A NOC letter is written formally, and the tone used should be polite.
3. Always mention the date on which you are writing the letter.
4. Provide all the details, like your account number, details of the loan, etc.
5. Do not over-explain in the letter. Stick to the reason and give a brief explanation of the reason.
6. At the end of the letter, provide your contact number and email ID.

NOC Letter Format for Bank Loan

Sub-Request for NOC

I am (your name), a customer of your bank for (number of years). I would like to request you to issue me a NOC for (reason). I hope you will issue the NOC to me as soon as possible.

Thank you/Thank you in anticipation/Thank you in advance.

For a better understanding of how to write a NOC request letter, have a look at all the sample letters given below.

Sample Letter 1. Requesting a NOC on the Completion of a Bank Loan

Date – 17 August 2022

Sub: Request for NOC

I am Anil Sharma, a resident of Delhi who has had a savings bank account in your IDFC Bank Rohini branch for the last five years.

I had taken a loan of Rs twenty lakhs in 2017 to purchase a plot in my village. I would like to inform you that the tenure of the loan was five years and I have completed all my installments and have cleared the loan amount.

I would request you to please issue me a NOC against my completion of the loan. I have mentioned all account details at the end of the letter. I hope you will do the needful and issue me a NOC as soon as possible.

Thank you in advance.

Savings account number – ×××××××

Mobile number – 7878 × × × ×

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Sample Letter 2. Requesting a NOC for Bank Loan

Lakshmi Vila 21,

Close to the Jain Mandir

Date – 7 June 2022

Sub: Request for NOC

I am Shalini Jain, a resident of Jaipur. I am CEO of my company Pentatonic and have been a current account holder at DHFL Bank Jaipur branch for the last 10 years.

I would like to take a business loan of Rs. 50 lakhs for a tenure of seven years to purchase a new Mercedes bus for transportation purposes, which is urgently needed in our company. I would kindly request you to please issue a NOC for my loan request of Rs. 50 lakhs.

I am ready to accept the loan at whatever interest rate it has available. I hope you understand the urgency of the situation I am in and issue me a NOC at the earliest so that I can move forward with the loan process. I have attached all the account details with the letter.

Thank you in anticipation.

Current account number- ×××××××

Credit card number – ××××××××××××

Registered mobile number – 90 × × × × ×

Sample Letter 3. Application of NOC to the Bank

Date – 16 August 2022

Sub: Request for NOC

I am Deepak Jaiswal, a savings account holder of the Dena Bank Mahim branch for fifteen years.

I took a personal loan for Rs. five lakhs for five years in July 2018. I have completed all the installments of my loan and have paid the interest also. I would request that you please issue me a NOC against my loan completion.

I have attached all the account details with the letter. I would request you to issue me a NOC for my loan completion at the earliest.

I would be highly grateful for the same.

Thank you in advance.

Savings account number – ××××××××

Registered mobile number – ××××××××

Frequently Asked Questions on NOC for Bank Loans

Question 1. What is a NOC for a bank loan?

Answer. A NOC is a no objection certificate. A No objection certificate can be issued by the bank when requested by an account holder, either on taking a loan from the bank or upon completion of the already taken loan. A no objection certificate acts as proof that the bank has no objection to lending the money, and in the case of loan repayment, it acts as proof that the customer has no further obligation towards the bank and has repaid the loan amount.

Question 2. What details have to be mentioned in a NOC request letter?

Answer. A NOC request letter is written to the bank manager to get a NOC issued against the completion of a loan or to get a new loan. You will have to mention all the details like your account number, IFSC code, branch name, credit/debit card number, and registered mobile number.