Settling your motorcycle loan marks a big step, but there’s one more thing to do to finish up. You need a No Objection Certificate (NOC) to end your loan and switch ownership. But what’s an NOC, and how do you get your hands on one?
We’ll break down everything you need to know about a two-wheeler NOC loan why you can’t skip it, and the steps to obtain it.
What does NOC mean for motorcycles?
A two-wheeler loan NOC, or NOC for a bike loan, is an official RTO document that confirms no objections or pending dues exist on your two-wheeler loan.
This two-wheeler NOC certificate for bike proves you have met all financial obligations for your loan enabling you to register your bike in another state without issues.
Why do you need an NOC for a two-wheeler?
When you buy a two-wheeler through financing, the vehicle serves as collateral for the loan. The lender retains ownership of the bike until you pay off the loan .
So, getting an NOC is essential when you want to move or sell your bike to another state. It shows that your two-wheeler loan has no legal issues or unpaid amounts.
When Do You Need a New NOC for Bike Transfer?
If you already have an NOC (CMV 28) for a bike and want to transfer it to someone else or a company, you might not need to get a new NOC in these cases:
- NOC bike loan validity: If your current NOC is still good (6-12 months from when it was issued), you can use it for the transfer.
- Transfer within the same state: The current NOC may be enough if you’re moving the bike in the same state.
But you’ll need a new NOC in these cases:
- NOC has run out: If your current NOC is no longer valid, you’ll have to get a new one.
- Moving to another state: You need a new NOC if you’re taking the bike to a different state.
- Loan or financing changes: You might need a new NOC if anything about your loan or financing is different.
- RTO says so: If the RTO tells you to get a new NOC for the transfer, you’ll have to do it.
How to get NOC for Bike Loan?
Offline Process to obtain a two-wheeler loan NOC letter
To get an NOC certificate for your bike, follow these steps:
Step 1: Go to the Regional Transport Office (RTO)
Show up at the RTO office in person to start the process.
Step 2: Ask for and Complete CMV 28 Form
Request the CMV 28 form from the staff and fill out the needed info such as:
- Personal info (name, address, phone number)
- Vehicle registration number
- Driving license number
- Other key details
Step 3: Pay Fees and Hand Over Documents
Pay the ₹100 fee and hand in your completed form with all required papers.
Step 4: Clearance and NOC Issuance
The RTO will check your vehicle’s record with local police to see if:
- You have broken any traffic laws or have past criminal cases
- You owe any money or have open Department Statutory Action (DSA) cases
After getting the all-clear, the RTO will give you the NOC.
(Before giving an NOC, the RTO checks with local police and department files to make sure your vehicle has no traffic violations criminal cases unpaid fees, or open Department Statutory Action (DSA) cases.)
How to get an NOC for a bike loan online
Nowadays many processes have moved online, including getting a Two-wheeler loan NOC letter. Some lenders let you ask for and download the NOC straight from their websites through your net banking account.
To get an online NOC for your bike loan:
Step 1: Go to the website of the lender that gave you the two-wheeler loan.
Step 2: Sign in to your net banking account.
Step 3: Find the NOC section on their website
Step 4: Type in your loan account details, vehicle information, and other needed fields
Step 5: Send the required documents as the lender asks for.
Step 6: Send in your NOC request. You might get a reference number or confirmation message and download your NOC.
Papers Needed to Get NOC for Bike Loan
To get a two-wheeler loan NOC, you need certain papers for the RTO or lender to process your request. The key papers you must provide include:
- Your bike’s registration certificate or RC book
- ID proof like PAN Card, Aadhaar Card, or Passport
- Address proof such as utility bills, bank statements, or Aadhaar Card
- A copy of your loan agreement
- Proof that you’ve paid off the loan, like payment receipts or bank statements
- A signed form asking for an NOC, which you can get at the lender’s office or website
To wrap up
An NOC is needed to make sure the vehicle doesn’t have any unpaid bills or responsibilities so following the rules that apply is a must. Keep in mind to collect all the paperwork you need before you apply for a two-wheeler NOC, whether you’re registering or transferring a bike.
If you want to get a fast online bike loan, TATA Capital has an attractive two-wheeler interest rate and an easy way to receive quick bike loan approval. This can help you own the bike you’ve always wanted in a short time!
Download the Tata Capital app to find out more about what they offer and choose .
07 October 2024
5 mins read
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