Noc format of siblings in case of home loan
SREESH
(Querist) 30 October 2013
This query is : Resolved
MY FATHER IS AN APPLICANT IN A HOME LOAN WITH MY GRANDFATHER AND GRANDMOTHER AS COAPPLICANTS. THE LOAN HAS BEEN SANCTIONED BEFORE DISBURSING THE BANK WANTS NOC FROM MY FATHERS SIBLINGS i.e FATHERS SISTERS. SO PLZ HELP ME BY PROVIDING THE FORMAT OF THIS NOC REQUIRED BY BANK.
R.K Nanda 
(Expert) 31 October 2013
no fixed format for it.better ask bank officials for said NOC format of their bank.
Raj Kumar Makkad
(Expert) 31 October 2013
Obtain the specimen performa from the respective banker so that you may comply as per its requirement.
SREESH
(Querist) 31 October 2013
please provide me a general NOC format. The bank told me that this you have to make from your side. plz sir help me out
ajay sethi
(Expert) 31 October 2013
i MR ____ residing at ____________ brother /sister of the Applicants have no objection to loan being sanctioned to MR __________(applicants ) in respect of flat bearing no situated at ____________
dated this _______ day of November 2013
(signature of person giving NOC)
Rajendra K Goyal
(Expert) 31 October 2013
Show the format to the Banker, whether any thing need to be added (generally everybody change minutely to satisfy his ego)and get it signed.
malipeddi jaggarao
(Expert) 02 November 2013
I would like to improve the format given by Mr.Ajay Sethi. Since your grand father and grand mother are co-applicants, your father's siblings should clearly mention the fact that they do not have any right/interest in the property for which home loan is under consideration in the names of your father and his parents. They should specifically say that do not raise any claim on the said property in future. This is useful if the property is either self-acquired property of your father or for that matter your grand parents. If it ancestral property of your grand parents, such type of NOCs will not stand before law if contested in future. Hence you should come with full details - home loans either for purchasing a flat from third party or to construct a house on the existing property of your father or your grand parents. Then only you can expect a valid reply and proper guidance.
ajay sethi
(Expert) 02 November 2013
the problem is siblings would refuse to give an undertaking that they do not have any right , title , interest in property for which home loan is under consideration in name of father .
in the present case proprty is owned by grand parents and siblings wont relinquish interest in favour their brother
Rajendra K Goyal
(Expert) 02 November 2013
In such a case let the Bankers approve the format first as advised above, it would satisfy their ego. They may not want to draft originally but will readily approve such a draft.
