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NOC or no objection certificate is issued by Indian institutions and organizations to indicate that they are not opposed to any covenants in an application or document. A NOC is required for individuals who plan to travel to another state for more than one year. Sometimes, NOC for bike loan may be enquired by the lender to process the loan application.
Why is NOC for Bike Loan a Required Document?
RTO (Regional Transport Office) is an enforcement body that ensures individuals under its purview follow the Motor Vehicles Act 1998 standards and provisions. When you purchase a motorbike, you must register it with your Regional Transport Office, or RTO.
It is mandatory to ensure your vehicle and you are compliant with the laws. RTOs maintain records of individual drivers and vehicles. These include details such as excise duties paid, pollution control standards, emission standards, etc. It assists RTOs in ensuring compliance with the law.
In the event that you move to a new city or state with a different RTO than your current RTO, a NOC is required. This will allow you to deregister from your old RTO and reregister with your new RTO.
Your RTO status will not be changed if you fail to do so. This is a violation of law that can result in fines and cancellation of your driving license. Because such RTOs will not have your details and those of your vehicle in their records, they will not be able to make sure you are following the law.
How to Get NOC for Your Motor Bike?
Let’s now discuss how to apply for a NOC certificate for your bike.
This guide will show you how to apply for a NOC to a bike that crosses state borders and has plans to live there for more than a year.
- Send your NOC application to the transport office in your area.
- Complete Form 27 and 28 and send it to the RTO.
- If your vehicle was bought with a loan, or at EMI, get a NOC from the financier.)
To speed up the process, you can also obtain a NOC from the local police station as well as from the traffic department.
Although we understand that the process of moving your vehicle to another city is complicated by NOCs, these are necessary to ensure law and accountability.
How to Obtain NOC from Your Loan Provider?
To obtain a NOC from your bank or financier, you will need to send an application letter in which the reason for your move is stated and supporting documents. These could include an appointment letter, job transfer letters, or proof of residency in the new area.
List of Essential Documents Required to Obtain NOC
Below is a list of documents you will need to submit in order to obtain a NOC for your bike.
- A request for No Objection Certificates (NOC)
- A certified copy of the vehicle’s current registration certificate
- Original copy of your two-wheeler policy papers
- Receipts for road tax or excise duties
- Photocopy of the Pollution Under Control (PUC) Certificate
- Four copies of Form 28 were filled in by you
- If you have a loan, EMI or other financings, get a NOC from a bank or financial institution.
Your RTO will initiate the process to issue your NOC for bike transfers once you have submitted all the documents.
NOC is very important no matter how you purchase the bike. Even though if you purchase bike on installment, NOC for bike loan is required. If you follow all the steps mentioned in the article, you can obtain your NOC quite easily.