Kaagazaat

Society NOC for a Bank Loan

At a glance

Price: Free, always.
Stamp duty: No stamp duty: it is not an instrument within section 2(14) of the Indian Stamp Act, 1899.
Registration: Not registrable: section 17 of the Registration Act, 1908 does not reach it.
Witnesses: Not required.

Free

Free, always.

Free: up to 5 documents a day.

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Also called

society NOC for mortgage
NOC for home loan from housing society
RWA NOC for loan against property
society NOC for bank
सोसाइटी एनओसी होम लोन
ਸੋਸਾਇਟੀ ਐਨਓਸੀ ਕਰਜ਼ਾ

When you need it

A member of a housing society or flat-owners' body is taking a home loan, a repair loan or a loan against the flat, and the bank asks for the Society's consent to the mortgage. This is the Society's letter to the bank: it confirms membership and dues paid, says the Society has no objection to the mortgage, and keeps the Society's own claims and its rule on who may later become a member.

Banks often have their own wording; this can be sent with it. Not for selling or transferring the flat — use the Society NOC for Transfer of Flat. Not a certificate that nothing is owed — use the Society No-Dues Certificate.

Whether you can fill this in here

You can fill this in here

You can fill this one in on this site, and read the whole draft on screen before you decide anything about it. It is a carefully drafted template; it is not advice about your own facts.

Fill this one in

See stamp duty, registration and witnesses

What follows is written for Punjab and Chandigarh. It states the position there rather than describing how it varies, so the amounts below are the ones that apply — worth confirming at the sub-registrar’s office, because rates change. If the property is anywhere else in India, none of this is yours.

Stamp duty

No stamp duty: it is not an instrument within section 2(14) of the Indian Stamp Act, 1899.

Registration

Not registrable: section 17 of the Registration Act, 1908 does not reach it.

Notarisation

Notarisation is not required for this society paper.

Witnesses

Not required. An officer authorised by the Society signs and seals the NOC.

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Sample preview — placeholder answers, not your data

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NO OBJECTION CERTIFICATE FOR A BANK LOAN

Green Park Co-operative House Building Society Ltd, Sector 21, Panchkula. Registration No. PB/REG/1234.

Date: 1 April 2026

To,
The Manager, State Bank of India, Sector 8 branch, Panchkula

Subject: No objection to a loan to our member, Surinder Pal, secured on Flat No. 502, Block B

Dear Sir/Madam,

1. Surinder Pal is a member of this Society and holds Flat No. 502, Block B in the Society, share certificate No. 214. The Society's records show that the member has paid the Society's dues for the flat up to 2 April 2026.

2. We are told that the member proposes to take a loan to buy the flat from your Bank, of about Rs 25,00,000, and to offer the member's rights in the flat to the Bank as security.

3. The Society has no objection to the member creating a mortgage of the member's rights in the flat in favour of the Bank for that loan.

4. This certificate is given on these terms: (a) it does not transfer the flat or the membership; (b) it does not give up any claim the Society has against the member or the flat under its bye-laws and the law; (c) if the Bank ever has to enforce its security, the person who takes over the flat must apply for membership and will be dealt with as the bye-laws and the law require; and (d) it is valid for 90 days from its date.

The managing committee approved this certificate at its meeting on 3 April 2026.

For Green Park Co-operative House Building Society Ltd

Signature and seal: ______________________________
Rajinder Kaur
Secretary

Questions about this document

Does the Society NOC for a Bank Loan need stamp paper or stamp duty in Punjab and Chandigarh?

No stamp duty: it is not an instrument within section 2(14) of the Indian Stamp Act, 1899.

See the full position on stamp duty, registration and witnesses

Does the Society NOC for a Bank Loan need registration in Punjab and Chandigarh?

Not registrable: section 17 of the Registration Act, 1908 does not reach it.

See the full position on stamp duty, registration and witnesses

What does the Society NOC for a Bank Loan cost on Kaagazaat?

Free, always.

Does the Society NOC for a Bank Loan need witnesses?

Not required.

See the full position on stamp duty, registration and witnesses

Often needed with this document

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