Documents required for Hypothecation cancellation in Chennai
Hypothecation cancellation in Chennai - FAQ
1. Is there any validity period of NOC issued by Bank ?
2. The validity of NOC issued by bank has been expired . what should I do ?
3. Can I sell my car without removing hypothecation from it ?
No, hypothecation has to be removed first.
4. I am transferring my vehicle from Bangalore to Mumbai which is on loan from bank. Is it necessary to repay full loan amount to get NOC from RTO ?
Either you can repay complete loan and remove hypothecation or loan continuation letter can be taken from the bank