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Personal Loan

What is a No Due Certificate

Key Takeaways

  • A No Due Certificate (NDC) is a document issued by lenders confirming full loan repayment.
  • It serves as a proof of loan closure, helping borrowers avoid future disputes and maintain a strong credit profile.
  • Borrowers must request an NDC from the lender after repaying all dues.
21 May 2025 by Team FinFIRST
What is No Due Certificate
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Repaying an entire loan is definitely a sign of huge relief, but there’s more formalities attached to it. To confirm that there are no due amounts and to prevent future disputes, you require a No Due Certificate (NDC). This certificate is evidence that you have paid all your loan amounts and have a clean credit record. In this article, know all about the meaning of No Due Certificate, why we need a No Due Certificate and how to get it.


What is a No Due Certificate (NDC)
 

A No Due Certificate or NDC is a certificate given by a lender after a borrower has made full payment of a loan. It is a certification that no dues are pending, assuring the financial obligation of the borrower is cleared. NDCs can be used for all kinds of loans, such as personal loans, housing loans, automobile loans, and business loans.

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Why do we need a No Due Certificate?
 

An NDC is more than just a formality as it has several advantages:

  • It is an official letter stating you have settled your obligation with the lender.
  • Having an NDC prevents lenders from marking your loan account as unpaid by mistake.
  • An officially closed loan account helps maintain a good credit score, increasing your chances of securing future loans.
  • If your loan was collateralised against an asset (like a house or car), an NDC is necessary in order to eliminate any claims on the asset.

A no-due certificate is more than a document – it’s your financial passport to a debt-free future.

How to get a no-due certificate
 

After making your loan repayment, follow the below steps to get your NDC:

  • Check if all EMIs, interest, and charges are paid in full.
  • Approach your lender through their website, branch, or customer care to officially ask for an NDC.
  • The lender will check your account to ensure that there are no outstanding dues.
  • After verification, the lender provides the certificate, either in digital form or as a hard copy.

FIRSTmoney: Ensuring seamless loan closure
 

Loan closure is easy with FIRSTmoney’s personal loans. Borrowers enjoy:

  • Transparent and smooth loan closure processes with no hidden charges.
  • 100% online loan management in which it is easy to request and track your No Due Certificate.
  • Flexible repayment tenures of 9 to 60 months, ensuring easy closure of the loan.
  • No foreclosure fees, allowing you to repay early without any additional cost.
  • FIRSTmoney offers loans starting from ₹ 50,000 up to ₹ 10,00,000, with flexible repayment periods of 9 to 60 months. FIRSTmoney instant personal loan also offers multiple on-demand loans, with amounts starting at ₹ 10,000.

Ensuring a hassle-free repayment process of the loans is most essential, and FIRSTmoney ensures all final closure documents reach borrowers without any delays.

Conclusion

A No Due Certificate is an important document that certifies your financial obligations are formally cleared. In the absence of an NDC, you might encounter inconvenience in future credit requests or asset transfer of ownership. Therefore, to avoid delays and secure a hassle-free financial future, always demand an NDC upon settling a loan.

If you want a personal loan that has clear terms and a seamless closure process, FIRSTmoney provides competitive interest rates and a hassle-free experience, ensuring you stay in control of your finances.

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.

The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirstbank.com for latest updates.

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