I have a property that i booked in 2016 and taken a home loan. Now, the property is ready and i want to go for registration. The builder is asking to get a NOC from the bank saying that "they have no objection in registeration on sub lease deed in my favour". I have approached the bank and the bank is saying they can not issue this until the loan is cleared.
Is this NOC necessary? and If it is, can a bank issue it without the closure of the loan?