New Delhi, Oct. 19 -- When you pay your loan EMI on time, it can go a long way to help you stay on track with your repayment schedule. It can not only boost an individual borrower's confidence but can also be meaningfully positive for an individual's credit profile. Still, it does not mean that your loan is officially closed.

A No Objection Certificate (NOC) is a vital document that helps confirm that an individual has cleared their outstanding loan dues. This raises an important question: Do lending institutions issue this certificate after every EMI or only when you repay the entire loan amount?

This write-up is dedicated towards discussing the basics of an NOC, its significance and when and how it is issued.

Simply put, a No Objecti...