HP termination in Delhi

• Arrange loan closure letter and form 35 from the bank
• Visit the official website of parivahan: https://parivahan.gov.in/parivahan/ 
• Select ‘Vehicle related Services’
• Select ‘State’ and input the ‘RTO number’, then click ‘Proceed’
• Select ‘Apply for Hypothecation Termination’
• Enter your vehicle details such as Vehicle Registration No. and the last five characters of chassis number
• Fill up the application detail carefully
• Deposit Requisite RTO fees online
• Take print of RTO fees receipt
• Send signed application forms along with supporting documents by post to the concerned RTO.
• Application will be scrutanized and processed
• You will get new RC after HP removal after one month 

Yes, its mandatory to clear the loan and do hypothecation termination before selling the car. Without clearing hypothecation in Delhi RTO you can not apply for RC transfer process.

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.

The status of hypothecation can be checked from Parivahan website . If vehicle has a loan it would be shown as financed from the bank. 

No. Form 35 and NOC are not the same . NOC is given by the financer once you repay the loan on vehicle completely. It is stated in the NOC that loan has been closed and bank has no objection in the removal of hypothecation from the RTO record against the said vehicle.

Form 35 is the RTO application form used for the hypothecation termination from the RTO record of the vehicle.2 sets of form 35 is to be submitted in the RTO for hypothecation cancellation along with supporting documents. This form 35 should be signed by both bank as well as registered owner.

In Delhi, there is no need to visit RTO office for hypothecation termination.

You must apply for hypothecation termination at the RTO office in Delhi where your vehicle is registered.

No, there is no need to have physical inspection of the vehicle for HP termination in Delhi.

After vehicle(bike/car) loan repayment, you will get NOC from bank or financial institutions. Then you need to apply for HP removal

Yes, you will get new RC after hypothecation removal in Delhi. 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. 

You can get NOC from bank online. However please note that to remove hypothecation from RC in the RTO you need to submit original hard copy of the bank NOC signed and stamped by the bank along with supporting documents.

So get the original bank NOC and form 35 from the bank.

If a vehicle is purchased on loan from a financier the same could be endorsed in the RTO record of RC. Application for hypothecation should be submitted to the RTO in Delhi where vehicle is registered.

Following are the documents required for HP addition in Delhi:

• Original RC
• Two copies Form no.34 duly filled (for endorsement of Hypothecation).
• A certificate from financier for having retained full dues from the financier (for deletion case only).
• Self Attested copy of valid insurance.
• Self Attested copy of address proof of the registered owner.
• Self Attested copy of valid pollution under control certificate.
• Prescribed RTO fee.
• Self Attested copy of PAN Card or Form 60 & 61(as applicable)