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6.7K views · 151 reactions | RBI directs banks to release property documents within 30 days of loan repayment. The the lenders will pay a compensation of Rs 5,000 per day to borrowers for delay in returning the property documents. https://rbi.org.in/Scripts/NotificationUser.aspx?Id=12535&Mode=0 | Kashmir Business Voice | Facebook
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Zakir Hussain on Instagram: "These are the 5 important documents usually required in India: Loan Closure Request Letter A written request from the borrower asking the bank/finance company to close the loan. No Due Certificate (NDC) / No Objection Certificate (NOC) Issued by the bank after full payment. It confirms no outstanding amount is pending. Loan Account Statement Shows all payments made and confirms the loan is fully repaid. Original Property / Vehicle Documents (if applicable) All origin
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