{"id":44906,"date":"2024-10-07T06:19:10","date_gmt":"2024-10-07T06:19:10","guid":{"rendered":"https:\/\/www.tatacapital.com\/blog\/?p=44906"},"modified":"2024-10-07T13:51:18","modified_gmt":"2024-10-07T08:21:18","slug":"two-wheeler-loan-noc","status":"publish","type":"post","link":"https:\/\/www.tatacapital.com\/blog\/loan-for-vehicle\/two-wheeler-loan-noc\/","title":{"rendered":"What Is a Two-Wheeler Loan NOC?"},"content":{"rendered":"\n

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Settling your motorcycle loan marks a big step, but there’s one more thing to do to finish up. You need a No Objection Certificate (NOC) to end your loan and switch ownership. But what’s an NOC, and how do you get your hands on one?<\/p>\n\n\n\n

We’ll break down everything you need to know about a two-wheeler NOC loan why you can’t skip it, and the steps to obtain it.<\/p>\n\n\n\n

What does NOC mean for motorcycles?<\/strong><\/h2>\n\n\n\n

A two-wheeler loan NOC, or NOC for a bike loan, is an official RTO document that confirms no objections or pending dues exist on your two-wheeler loan.<\/p>\n\n\n\n

This two-wheeler NOC certificate for bike proves you have met all financial obligations for your loan enabling you to register your bike in another state without issues.<\/p>\n\n\n\n

Why do you need an NOC for a two-wheeler?<\/strong><\/h2>\n\n\n\n

When you buy a two-wheeler through financing, the vehicle serves as collateral for the loan. The lender retains ownership of the bike until you pay off the loan .<\/p>\n\n\n\n

So, getting an NOC is essential when you want to move or sell your bike to another state. It shows that your two-wheeler loan has no legal issues or unpaid amounts.<\/p>\n\n\n\n

When Do You Need a New NOC for Bike Transfer?<\/strong><\/h2>\n\n\n\n

If you already have an NOC (CMV 28) for a bike and want to transfer it to someone else or a company, you might not need to get a new NOC in these cases:<\/p>\n\n\n\n

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  1. NOC bike loan validity: If your current NOC is still good (6-12 months from when it was issued), you can use it for the transfer.<\/li>\n\n\n\n
  2. Transfer within the same state: The current NOC may be enough if you’re moving the bike in the same state.<\/li>\n<\/ol>\n\n\n\n

    But you’ll need a new NOC in these cases:<\/p>\n\n\n\n

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    1. NOC has run out: If your current NOC is no longer valid, you’ll have to get a new one.<\/li>\n\n\n\n
    2. Moving to another state: You need a new NOC if you’re taking the bike to a different state.<\/li>\n\n\n\n
    3. Loan or financing changes: You might need a new NOC if anything about your loan or financing is different.<\/li>\n\n\n\n
    4. RTO says so: If the RTO tells you to get a new NOC for the transfer, you’ll have to do it.<\/li>\n<\/ol>\n\n\n\n

      How to get NOC for Bike Loan?<\/strong><\/h2>\n\n\n\n

      Offline Process to obtain a two-wheeler loan NOC letter<\/strong><\/h3>\n\n\n\n

      To get an NOC certificate for your bike, follow these steps:<\/p>\n\n\n\n

      Step 1: Go to the Regional Transport Office (RTO)<\/strong>
      Show up at the RTO office in person to start the process.<\/p>\n\n\n\n

      Step 2: Ask for and Complete CMV 28 Form<\/strong>
      Request the CMV 28 form from the staff and fill out the needed info such as:<\/p>\n\n\n\n