What is NOC For Bike Loan?

If you are an adult Indian citizen, you might have encountered the term NOC more than once. While the applications of an NOC are diverse – ranging from bank processes, vehicle registration, and immigration processes to registering one’s house or business – we’ll focus specifically on the need for an NOC to register a bike or two-wheeler in India.

To give you an example, if you are currently a resident of Delhi – where you bought your bike – and wish to use it in Tamil Nadu, you must get an NOC from the Delhi Regional Transport Officer (RTO) and issue it to the concerned officials while registering your vehicle in Tamil Nadu. Let us begin by understanding this term.

What is an NOC?
 

A No Objection Certificate, also known as a No Dues Certificate, is a legal document issued by institutions, organizations, or individuals stating no objection to the covenants mentioned in the certificate. As for the uses of a No Objection Certificate, they are varied and multiple; however, in this article, we shall focus on the importance of NOCs for registering your bike in another state. NOC certificates are issued by the Regional Transport Offices (RTOs) of every Indian state to enable people to move from one state to another. Read on to know the two ways to get an NOC certificate for your bike, the documents required to get an NOC for bike, and tips on what to do if your NOC gets misplaced. 

NOC for loans
 

Apart from needing an NOC for a bike loan, this certificate is also required for availing of various other loans in India. Here are the types of loans that require an NOC:

·  Home loan

· Car loan

· Business loan

· Personal loan

· Loan against property

· Loan against shares

How to get an NOC for your bike?
 

You must follow these steps to get an NOC certificate for your bike by visiting the RTO:

1.      Visit the Regional Transport Office.

2.      Request the concerned officials for the CMV 28 form and fill in the details. You must provide your personal details here including your name, address, contact number, your vehicle’s registration number, and your driving license number, among other details.

3.      Make the payment of ₹100 and submit the filled form along with the required documents.

4.      After the RTO obtains a clearance regarding your vehicle, it issues you an NOC.

A pertinent question at this stage could be: “From whom, and regarding what does the RTO obtain a clearance?” the answer to which is as follows - The RTO, after receiving your application, verifies with the local police whether your vehicle was involved in a traffic law violation or a past criminal case. The RTO also verifies whether your bike has any outstanding dues or Department Statutory Action (DSA) cases pending on its account. Now, let us see how this procedure goes online. 

How to get an online NOC for a bike?
 

Follow these steps to get an NOC certificate for your bike online:

1.      Visit the concerned bank’s website.

2.      Login to your net banking account.

3.      Visit the NOC section and download your NOC.

4.      In case you are not able to download your NOC, visit the bank branch to resolve the issue.

If you are an IDFC FIRST Bank customer, visit this link to obtain your No Objection Certificate online, today!

Which documents are required to get an NOC for bike?
 

To get an NOC certificate, you need to provide certain supplementary documents as well. Refer to the document checklist provided below to get an NOC for your bike:

· Your bike’s registration certificate or RC book

·  No dues on your loan with the bank

Lastly, if you have misplaced your NOC document, you can re-issue another NOC by visiting near brand and can request for a duplicate NOC.  

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.