CHANDIGARH, 20.09.26-Home Loan Repaid? Your Responsibility Doesn't End With the Last EMI Paying the final EMI on a home loan brings relief, but borrowers should be aware that financial closure is not the same as legal closure. Ensure you obtain the bank's No-Dues/Loan Closure Certificate, collect all original property documents, and check that the mortgage or charge is formally released. Also ensure the statement of account clearly shows closure, verify CERSAI records where applicable, obtain an updated Encumbrance Certificate, check insurance records linked to the loan, and confirm the loan is marked "closed" in your credit report. Cancel ECS/NACH mandates and preserve all documents safely. (This write-up is for general awareness only.)

Ashok Kakkar
Advocate -Mobile:9996909992