Last updated: February 5, 2025
Processing time - 30 days
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Itzeazy takes care of the entire process of HP termination in Bangalore i.e.
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How long does hypothecation removal take
Process
Document Required
Forms
FAQ's
Hypothecation cancellation process in Bangalore is not online completely . Application can be filled online. Fees can be paid online . However physical submission of application forms and supporting documents is required at concerned RTO in Bangalore.
Following are the steps for HP termination in Bangalore :
Either you can repay complete loan and remove hypothecation or loan continuation letter can be taken from the bank .
No. Hypothecation is not removed automatically. Bank issues NOC certificate and form 35 set for vehicle loan closure. Application for hypothecation removal should be submitted in the concerned RTO for HP termination from the RTO record.
Following are the steps to check status of hypothecation cancellation in Bangalore:
Yes, its mandatory to clear the loan and do hypothecation termination before selling the car. Without clearing hypothecation in RTO you can not apply for RC transfer process.
No, there is no need to have physical inspection of the vehicle for HP termination in Bangalore.
It takes 15-20 days to remove a hypothecation from RC in Bangalore.
After vehicle(bike/car) loan repayment, you will get NOC from bank or financial institutions. Then you need to apply for HP removal
You must apply for hypothecation termination at the RTO in Bangalore where your vehicle is registered.
Yes, you will get new RC after hypothecation removal in Bangalore. You need to submit original RC in the RTO along with supporting documents to terminate hypothecation. New RC is issued, after processing is done in the RTO.