Do this work after repaying the personal loan, otherwise you will regret it.

Updated: 18-11-2025, 08.23 PM

What is the news?

Personal loan has now become very easy to arrange funds in case of sudden need of money. Many banks and financial institutions provide approval on mobile and the money comes into the account within a few hours. Some people forget to do some important things after repaying the loan, which can cause problems later. Let us know what tasks must be done after making full payment of the loan.

Why is No Objection Certificate necessary?

After repaying the loan, it is very important to obtain No Objection Certificate (NOC) from the bank. This is proof that you have repaid the loan in full and no longer owes anything. This document will be useful in case of any dispute or confusion in future. So, keep it safe and if possible keep a digital copy of it. NOC can also be useful while taking a new loan after repaying the loan.

account statement

This benefit will come from account statement

The account statement will help you prove that your loan has been fully repaid and repaid on time. This is an optional document, often issued by some banks. If your bank provides this document then you must take it. This can be used to make necessary changes in the credit score if any discrepancy is found.

What to do with unused cheques?

At the time of loan approval, the bank asks for some post-dated checks from you as collateral. You should get these checks back after repaying the loan in full. It is important to keep them safe to prevent them from being misused. Apart from this, do not forget to take back all the necessary documents given to the bank while taking the loan. You should have a list of these documents, so that you can check if any document is missing.