| Aim | The SOP is laid down to provide guidelines for Issuance of NOC/NEC to Customers to obtain Bank Loan against their Plot |
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| Eligibility | Only those customers will be allowed to apply for NOC/NEC who have plots in sectors “opened for possession” and have cleared all dues (including future installments) |
| Charges | Normal Fee Rs. 3,000/- (10 – 12 Working Days) Urgent Fee Rs. 8,000/- (02 Working Days) |
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Application of NOC / Permission to Mortgage as per specimen given in Annexure – J
(Specimen attached) |
| Photocopy of Allotment / Allocation Letter |
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| Photocopy of Possession Letter |
| Photocopy of Valid CNIC |
| Two recent passport size photographs (blue back ground) |
| Copy of Plot Account Statement |
| Challan copies of Lien Marking 1st Stage fee |
| Set of documents copy each shall be attached with Finance and Transfer Branch application form separately |
| Issuance of NOC / NEC |
| a) Finance Branch shall ensure dues are cleared by the customer and required complete documents are attached with application |
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| b) Finance Branch shall forward application to Transfer Branch along with required documents |
| c) Transfer Branch after consultation with Legal Branch shall issue NOC / NEC |
| d) NOC issued will have validity period of Six Months only |
|
Issuance of Lien Marking Certificate
Following criteria will be fulfilled by Loaning Agency (Bank) for Lien Marking of Plot in DHA Peshawar record |
| a) Finance Branch shall ensure dues are cleared by the customer and required complete documents are attached with application |
| b) Finance Branch shall forward application to Transfer Branch along with required documents |
| c) Transfer Branch after consultation with Legal Branch shall issue NOC / NEC |
| d) NOC issued will have validity period of Six Months only |
| Original Allocation / Allotment Letter will be Stamped as “LIEN MARK” along with date stamp and caption “NON-TRANSFERABLE” after Lien Marking request from Bank |
| File / Plot will be kept as “Blocked for Sale” |
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| Transfer Branch will intimate IT and Finance Branch for marking it as “Blocked for Sale” |
| File / Plot will be kept as “Blocked for Sale” |
| After completion of loan tenure / refund by customer respective Bank shall request to release cautioned on transfer of plot. After due verification and confirmation by Finance Department, caution on transfer of plot shall be removed and Subject Plot / File will be Marked as Cleared |