Ram K (NA) (216 Points)
12 August 2017Respected Sir/Madam,
We have submmited our application for Home loan to SBI as individual property buyer. The bank now says get ROC (I believe it stands for Registration of Charges) from an SBI branch in Mumbai.
What is ROC document in case of Home Loan? Could someone explain.
What input documents are needed if any to get it and can it usually be obtained over the counter in a visit to the concerned bank?
Thanks and regards,
Ram
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 14 August 2017
ROC is as such Registration certificate issued to company by Registrar (again ROC), which will be not be required in case of individual loan applicants. But if the property for which home loan is applied by Individual, is registered....... the alternative would be receipt of registration certificate of the property as issued by sub-registrar.
The bank might have issued you general form as applicable to all the categories of applicants, so if it is not applicable in your case.... you may leave it.
You can get more clarification from the helpline number of the bank
Onkar Rane
(2 Points)
Replied 15 June 2021
In real-estate market many developers take construction financial ( CF finance) when any customer apply for home loan that CF finance charge comes in search report because that financial institutions create mortgage charge so that customer require NOC means ROC from CF finance company for creating a mortgage on perticular flat
CAclubindia
