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NOC is not releasing even after loan is closed


19-Oct-2023 (In Recovery Law)
I closed two car loans from my HDFC bank. Now when I asked NOC for the closed loan, bank is denying by telling i have credit card due. Is there any rule that bank can hold NOC if i have credit card due? Why they not giving the closed loan NOC?
Answers (1)

Answer #1
541 votes
The bank cannot withold NOC for any reason whatsoever, even if you have dues in another account. so I'd advise you to submit a formal request to the bank and get its receipt acknowledged and ask them to give you a formal writen reply. on the basis of the same we can approach the Hon'ble High Court and get a direction for the same.
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