No Dues Certificate Request

To, The Branch Manager [bank_name], [branch_name] Date: [request_date] Subject: Request for No Dues Certificate and return of documents — loan account no. [loan_account_number] Sir/Madam, 1. I, [borrower_name], held a [loan_type] with your branch bearing account number [loan_account_number]. 2. I confirm that the said loan has been repaid in full, and the account was closed on [closure_date]. No amount remains outstanding under the said facility. 3. I therefore request that you kindly issue the following: (a) A NO DUES CERTIFICATE confirming that the loan has been repaid in full and that no amount remains due from me; (b) A LOAN CLOSURE STATEMENT reflecting the final position of the account; (c) Return of all ORIGINAL DOCUMENTS and securities held by the Bank in respect of the said loan, namely: [security_documents] (d) Return of all unused post-dated cheques, security cheques and any signed blank instruments held by the Bank; (e) Cancellation of any lien, hypothecation or charge created in favour of the Bank, and issue of the No Objection Certificate required for its removal from the records of the concerned authority. 4. I further request that the Bank update the closure of this account with the credit information companies promptly, so that my credit record correctly reflects the loan as closed. 5. Kindly inform me when the documents are ready for collection, and of any formality required for their release. Thanking you, Yours faithfully, [borrower_name] Loan A/c: [loan_account_number] Contact: ______________________ ACKNOWLEDGMENT OF RECEIPT OF DOCUMENTS Received the original documents listed above on ______________. Borrower's signature: ______________________ WHY THIS MATTERS — DO NOT SKIP THIS STEP Closing a loan is not complete when the last EMI is paid. Until the original title documents are returned and the charge is removed from the records of the concerned authority, the security continues to appear as encumbered. This surfaces years later, usually at the worst possible moment — when the property is being sold, mortgaged again, or transferred to heirs. Collect the ORIGINALS, verify that every document handed over matches the list given when the loan was taken, and obtain the No Objection Certificate for removal of the charge. Check your credit report a month later to confirm the account shows as closed. The Reserve Bank of India has issued directions requiring lenders to release original movable and immovable property documents within a specified period after full repayment, and providing for compensation to the borrower where the lender delays. If your lender is slow, refer to those directions in writing.