Things to Look After the Closure of Your Home Loan All the loan borrowers have the determination of settling the loan as soon as possible. Though most of us are unaware of the fact that paying the final EMI is insufficient, there are various things that need to be taken care of.
There are a lot of formalities that needs to be completed in order to make your life free from the loan that helped you buy a property in Bhiwadi which is ready to move. 
Take the possession of all the papers after the closure of the home loan. At the time of issuing loan, bank asks the borrower to submit all the original property papers to them which includes sale deed, conveyance deed and along with this they issue a paper listing the submissions. After the repayment, please ensure that the bank handovers the document to you personally as they are highly
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sensitive papers. Check carefully that you have all the papers and nothing is missing. NOC or no objection certificate is a legal document that is issued after you receive the original documents. This document helps to make ensure that you have repaid the entire amount and you do not owe anything to the bank. It is the responsibility of the bank to deliver the document at your door step but it is recommended to collect it personally. It is again the responsibility of the bank to inform you about the CIBIL after the repayment of the entire loan. However, there are chances that the update is not made instantly soon after they are done doing business with you. But in case you apply for another loan in future, your new bank will automatically evaluate this report before offering you the loan. This is why it is important for your CIBIL report to mention the closing date of the loan taken for affordable flats in Bhiwadi.
While looking for affordable housing in Bhiwadi, you should have a thorough knowledge about the home loan. Bhiwadi builder projects offer various types of housing which is focused for people with limited budget.