Loan — Is it lawful to charge amount against No Objection Certificate

Address:

South Delhi, Delhi

Dear Sir,

I got financed construction equipment from Magma Fincorp Ltd.

When I requested for No Objection Certificate after completion of loan, they are asking for amount as NOC certificate issue charges.

Please tell me Charges are legal ?

Regards,

K P Dubey
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email: milestone.[protected]@gmail.com