Notice of Intimation (NOI): Full Form, Process, Charges, & Documents for Home Loans
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11 APRIL, 2023

A Notice of Intimation (NOI) is a document that is essential for registering a home loan. This document notifies the authorities that a home loan has been funded. The practice of issuing a notice of intimation has been in play since the 1st of April,2013: to prevent property fraud, multiple registrations of the same house and several loans on the same property.

The Workings of A Notice of Intimation

Listed below are some functions of notice of intimation:

  1. First off, a notice of intimation will not apply if both the parties, the receiver and lender, agree to the terms of condition during the agreement for a home loan.
  2. However, if a borrower needs to register the agreement within 30 days, the lender submits the notice of intimation to the Sub-Registrar’s Office under which the jurisdiction of the property falls.
  3. It is the responsibility of the borrower to file the notice of intimation
  4. Not filing the notice of intimation will lead to penalties

Steps for Filing Notice of Intimation

Listed below are the steps for filing a notice of intimation:

  1. Make the Stamp Duty Payment: Stamp Duty is the tax imposed on the property by the state ownership. It is payable under Section 3 of the Indian Stamp Act, 1899. The Stamp Duty duration at the time of registration is based on the property value. You need to make the stamp duty payment as soon as you buy the property.
  2. Attach Passport size photos of the mortgage or lender with signature or fingerprints: You need to attach passport-size photos of the lender along with their signature or fingerprint while filing a notice of intimation for a home loan.
  3. Authenticate the Stamp Duty with a relevant bank official: After attaching passport-size photos and the lender's signature, you need to authenticate the stamp duty with the appropriate bank official with their signature and seal to increase the document's credibility.
  4. Submit a photocopy and the original NOI to the Sub Registrar: Once you have authenticated your NOI, you need to submit the original and the photocopy of the notification to the sub-registrar of the property.

If you pay the stamp duty on another document, according to Article 6, you need to pay Rs. 100 on the notice and attach an authenticated copy of the other document. After you submit all the documents, the Sub Registrar will verify them and then provide a receipt for filing the fee and document handling fees along with an acknowledgement on the photocopy of the notice after validating the Stamp Duty.

Submitting the Title Deed Notice of the NOI via e-filing

People applying for a home loan have the option of submitting their notice of intimation online as well. The term e-filing refers to the practice of submitting documents online or electronically. Section 89B of the Registration Act of 1908 explores this aspect.

Here are the steps you can follow to file a notice of intimation online:

  1. Visit the e-filing website: Visit the e-filing website to file the notice of intimation of home loans.
  2. Log into the e-filing portal: Put in all your credentials to log in to the e-filing portal.
  3. Note down the Token Number: Enter your token number after logging in and note it down beforehand.
  4. Select the Date: Click on the proper date while filling up the details
  5. Click on the Mortgagees Details option: Click on the mortgagee details option to fill up the mortgage details.
  6. Enter the loan amount: Type out the exact loan amount
  7. Select Party Representative
  8. Enter all the details of the mortgagor, including their photo and thumb impression.
  9. Fill in the property details: Enter the property details you are purchasing using the home loan
  10. Enter Stamp duty and filing fee amount, GRN number and date.
  11. Click save and close.
  12. Click the view and “submit to SRO” option to submit the notice of intimation to the SRO.

You can follow these steps for filing a notice of intimation if you apply for an online home loan.

As mentioned in the article, you need to file an NOI after taking a home loan to avoid property-related fraud like fake registrations on the same properties and several loans cashed on the same property.

Documents Required for Filling the NOI

Listed below are the documents required for an NOI in a home loan:

  1. Photocopy of the Loan Amount eSTBR or Stamp Papers or Franked for Deposited Memorandum with stamp and signature: You must provide a photocopy of the 0.2% Loan Amount eSTBR or Stamped Papers or Deposited Memorandum with the sign of the bank officials to file an NOI.
  2. PAN Cards: You must provide a photocopy of the borrower's PAN card while filing for NOI.
  3. Passport Size Photographs of all the receivers: You must provide passport-size photographs of all the borrowers associated with the property and home loan.
  4. Recent Index: You must provide two copies of the recent index.
  5. Notice of Intimation: You must provide the notice of intimation with a title deed of Rs. 100. The NOI will notify the officials regarding the mortgage of the property. Furthermore, a relevant bank official must sign and stamp the notice of intimation to increase its credibility.
  6. Original letter from the bank: Provide the Original bank letter indicating the loan and mortgage, including routing information.
  7. Photocopy of the submitted documents: Lastly, provide the list of all the documents you have submitted while filing for the NOI.


Read also: भूमि ऑनलाइन कर्नाटक

NOI Charges for Home Loan

Here are some NOI charges for home loans:

  1. The notice of intimation charge is Rs. 1000, regardless of the loan amount. The total amount of the loan does not matter while charging the NOI filing
  2. The document handling expenses are Rs. 300; this is only applicable in a physical filing of the NOI
  3. If you file the NOI online, you can pay the charges through GRAS
  4. If you file the NOI offline, you must pay the charges through any authorised and acceptable method. You can also pay the fees through GRAS.
  5. The charges via cheque must be payable to the corresponding Sub Registrar's office you are buying the property. However, you must pay the document processing fees in cash.

Always file the NOI on time to avoid any repercussions. A Notice of Intimation will not only help prevent any confusion regarding the property but will also serve as an official notification regarding the status of the property.

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Frequently Asked Questions

Can the full value of the property be taken as a loan?

Only 80% of the property value can be taken as a loan from the bank. The lender evaluates the property’s current price before deciding your loan limit. And based on that, you will get a loan against your property. So don’t approach a bank for a loan against property in a myth that you’ll get 100% value of your property as a loan.

Is There Any Restriction on Loan Again Property utilization?

Banks don’t levy any restrictions on loan usage for borrowers. It means they can use the loan for whatever purpose they want; the lender won’t track its usage. A loan against property is a secured loan in which the borrower pledges the residential and commercial property to get a lump sum amount.

What is the maximum loan given in LAP?

The maximum loan borrowers can get in LAP is 80% of their property’s current price. So do evaluate the same before applying for a loan against your property. This way, you get the idea of what is the maximum loan the bank can offer you in a LAP. And knowing the maximum loan amount helps you manage the finances better for the purpose you are taking the loan.

Can I get a loan against property without a regular job?

Loan against property is available to both salaried and self-employed individuals. So if you don’t have a regular job but earn a handsome income to repay the loan, submit income proof. By submitting income proof, you can assure the bank that you are capable of paying back the borrowed amount even if you don’t have a regular job. For income proof, submit Form 16, bank statements, and income tax returns.

Disclaimer: This Article is for information purpose only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. Bank make no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Newsletter. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from Kotak. Kotak, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein.