After repaying the home loan, do these things! no problem later

Home Loan Tips: In today’s time, every middle class person takes the help of home loan from the bank to buy his house, but every person wants to repay the loan as soon as possible. If you also want to settle your loan quickly, then you can repay your loan by paying a lump sum. After getting rid of the loan, there is usually no place for people’s happiness, but often after clearing the loan, they make some big mistake.

Due to this, they may have to face big trouble in future. If you had also taken a loan and cleared it, then after this, definitely collect some important documents without forgetting. With this, you will not have to face any kind of property related problem in future. Let us know what are the important documents that the customers must collect after repaying the loan-

1. Take the original documents of the house
Whenever we take a loan against a property, the bank deposits its original documents with itself. Through this, the bank takes collateral or mortgage of the borrower’s house. In such a situation, all the years there is a loan on the house, the original papers of the house remain with the bank. In such a situation, when you repay the loan, the bank returns this document to the customer. In such a situation, after repaying the loan, do not forget to take this important document absolutely.

2. Take No-Due Certificate
No-Dues Certificate is a document through which the bank verifies that the borrower has repaid the entire loan of this property and now there is no liability on this property. In such a situation, the bank writes to the customer that this property is no longer mortgaged and the customer has got full ownership of it. Before taking this document, you should thoroughly check all your details like name, aadhaar number, address, death of birth etc.

3. Remove Lynn on Your Property
Many banks impose a lien on the lender while giving loan against any property. With this the bank is able to certify that at present the ownership of this property is with the bank. In such a situation, the borrower cannot sell this property without the permission of the bank. After repaying the loan, you must remove the lien on the property. After this, you can sell the property whenever you want.

4. Check Your Credit Score
After clearing the loan, you should also check whether your credit score is updated or not. If the credit score is not updated, then you may have to face trouble in taking any kind of loan in future. In such a situation, check this important thing also once.

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