Adv.A.P.Loganathan, Madras High Court, Avoid/Police/Court, better u ask the society concerned authority .. i.e. Consent letter can be given by the society in it's letter head stating that it has consented for the housing loan to be availed by the borrower to the property coming under this society.
There is no special format or if there is any,,the bank should have one. And saying that society is not bound to give any NOC for the purpose of loan . Kindly advise what needs to be done. Therefore, it is important to obtain the society NOC for availing bank loan.
it you fail get the reasons for the refusal of the NOC through the RTI all the best Society has straightway refused to give me NOC for loan purpose by giving reason of byelaws. In such a case I can never a get loan against my own plot and I need the money urgently for my … Usually, the lender would give you a format in which the NOC must be obtained from the society. Now, society can have an objection that since the purchaser is not yet the member of the society so why should they give any letter on his name. They also challenged me that there is no bylaw which tells that NOC can be given to the member … Does collector office issues NOC for such societis? 6. Why are you being so negative? After creation of proper charge/mortgage and after receipt of the copies there of and after receipt of proper nomination in favour of the Bank, from the said purchasers, we are agreeable to accept State Bank of India as a nominee of the above named purchaser/s for the property described above and once the nomination favoring the Bank has been registered in the Society’s register and advice sent to the Bank … Check the by-laws of the society to ascertain if any NOC is required in the first place. If you have and they have said NO then you are hiding facts from us. Does collector office issues NOC for such societis? They have fear in mind that they will be guarantor of my loan. Yours faithfully, If you have not approached the society then what makes you fear that society will not give NOC? Generate the letter by clicking here (you have an option to insert missing clause as per bank format). Though each bank may have the different format of NOC which they would like your society / RWA to issue considering the type of loan you wish to avail, however some of the standard clauses may remain same. I wish to develope my existing house by mortgaging it to Bank.I have no dues towards the society. It does not make the society in anyway guarantor.
For this purpose I need NOC from society on the prescribe format of the bank. Have you checked with the society about the NOC? In such a case I can never a get loan against my own plot and I need the money urgently for my personal crisis. Can the society refuse to grant me a NOC stating the bye laws of the society ? Bank has a standard format of NOC which needs to be singed by society in order for me to get loan against my plot. sceretary in writting and ask the society officer to give the same in writting that why they can not issue an NOC. Bank has a standard format of NOC which needs to be singed by society in order for me to get loan against my plot. We confirm that we have no objection to your giving a loan to the said member of the society and his/her mortgaging the said flat to you by way of security for repayment of the said loan. Before you apply for the NOC with the society, make sure that you have repaid all your dues towards the society.
Let us know what are the reason of the society for refusing the NOC. apply and get it. will also need a format of a consent letter from our Society to HDHFC Ltd. Refusal by society hampers my ability to get loan from a financial institution.