How to Download NOC Certificate using Experia Portal?

During July-September 2020, approximately 33,000 residential units were sold, which is 2.5 times of the reported sales during April-June 2020. Nevertheless, while the demand for residential property, and consequently housing loans, is on the rise in India, not everyone is aware of No Objection Certificate (NOC), a crucial document verifying encumbrance-free property ownership when a house property is financed through a home loan. 

No Dues Certificate (NDC) or NOC constitutes concluding evidence of a completed home loan repayment. A borrower needs to collect this certificate after the closure of a housing loan from the lending institution. Lenders provide this certificate to the borrowers clarifying on the borrower’s authority over the mortgaged property. 

Thus, it is essential for borrowers to download home loan NOC to prove their ownership in future. Financial Institutions like Bajaj Finserv make collecting this certificate more accessible by making it readily available on their customer portal Experia. Here’s a look at the process to access and download your NOC from the portal.

Steps to download NOC via Experia portal

Proceed with the following steps to download your Bajaj home loan NOC certificate via their customer portal Experia.

  • Visit the Bajaj Finserv Customer Portal and log in by entering your customer ID and password.
  • Alternatively, you can also generate an OTP to authenticate your login request, in case a password is not readily available. 
  • After logging into the account, navigate to the bottom- right corner of the page and click on ‘See Details’.
  • Entering the new page, click on ‘No Dues Certificate’ and download the same from the portal.

To complete the NOC download process via the app, you should have it installed on your mobile phone. The app also accompanies several other benefits that come handy for customers.

Moreover, obtaining this certificate helps a borrower in the following ways.

  • It serves as a concrete proof of full repayment of a home loan, thus allowing a homeowner to sell or transfer ownership without nay hurdles. 
  • A NOC also allows a borrower to avail a loan in the future by using the same property as a mortgage. 
  • The certificate, serving as a proof of complete loan repayment, also assists in improving a borrower’s credit profile, and ultimately, credit score. 

Services made easy with the Bajaj Finserv customer portal 

Accessing the following services is made easy with a simple login to Experia.

1. Check pre-approved offers

Individuals can check their pre-approved offers available on several financial products like personal loans, home loans, and business loans using Experia at any time. These offers facilitate a smooth loan application process while saving you valuable time. You only need to provide your essential contact details to check your customised offer. 

2. Raise any complaint

In case you have any complaint against any service or about any financial product, you can raise the same through this web portal or app. It thus helps in resolving any loan-related issues faster.

3. Hassle-free online payment

Bajaj customers can use this portal to make several online payments as well. Starting from paying loan EMIs to premium payment of insurance policies, this web portal encompasses all such services.

Moreover, you can make part-prepayments or foreclose their active loan accounts conveniently through this online platform. Nevertheless, after completing the transaction, you can view the e-statements and download home loan NOC as well.

4. Online shopping offers 

Individuals also can use their Bajaj EMI Network Card to shop from Bajaj’s partner stores at No-Cost EMIs via this portal. Thus, it reduces the additional expenses that may be incurred when one makes big-ticket purchases elsewhere. 

5. Regular notifications

Another benefit of using this customer portal is that you will be notified about all the vital details like EMI due dates, outstanding payable, and many more. It reduces the chances of missed EMIs or delayed payments and ultimately helps in clearing debts faster in a hassle-free manner. 

Read Also: Step By Step Guide: How To Login To Bajaj Experia Customer Portal?

Thus, while it is essential to download home loan NOC, homebuyers can gain access to it within seconds through the Experia app. It not only helps in securing this certificate but also allows existing borrowers to leverage several benefits available under this app or web portal.