Hypothecation termination in Ghaziabad

Q: Can I cancel my hypothecation online in Ghaziabad ?

Hypothecation cancellation process in Ghaziabadis 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 Ghaziabad.

Last updated: January 8, 2025

Want to apply for hypothecation termination in Ghaziabad? Itzeazy provides service for RTO hypothecation removal in Ghaziabad online. Hypothecation cancellation in Ghaziabad is done by RTO Ghaziabad.

You can apply for HP Cancellation in Ghaziabad, after paying off loan on the vehicle. But before applying, make sure all the required documents for hypothecation termination has been received, like NOC from the bank or respective financing company.

Where to apply for vehicle hypothecation removal

You can apply for the HP cancellation at the respective RTO. If you require any changes in RC after termination, like address change, you can do a HP termination and the required changes in RC together.

In Ghaziabad there is one RTO. Application for hypothecation termination needs to submitted to the RTO in Ghaziabad.

Apply for HP termination in Ghaziabad online

Itzeazy provides Consultancy for Hypothecation termination in Ghaziabad. It provides end to end assistance and all documentation support to the clients.

Itzeazy takes care of the entire process of HP termination in Ghaziabad i.e.

Documentation support
Submission of the application at RTO
Follow up with RTO for the progress of work
Issue of RC & delivery of it

Itzeazy provides service in the following RTO :

RTO Ghaziabad, UP14

The Regional Transport Officer ( RTO ),

Bulandsahar Industrial Area

Ghaziabad

Over View

Hypothecation termination Ghaziabad

In case you had bought your vehicle through Bank Financing, the vehicle would be hypothecated with the bank and name of the bank would appear in your RC book. Once you have cleared the loan, you should get the HP deleted.

Hypothecation termination in Ghaziabad is to be applied in the concerned RTO where the vehicle is registered. Normally HP deletion of vehicle process takes approx. 1 month time.

However actual time may vary some time. Registered owner will have to visit to the RTO once for signature verification purpose. Its mandatory.

What if hypothecation is not removed

If a vehicle is purchased on loan from a financier the same would be endorsed in the registration certificate. As soon as loan gets over , One must get hypothecation removal or hypothecation termination done . Its important because :

Ownership can not be transferred without removal of Hypothecation from the vehicle
NOC for other RTO will not be issued without doing HP removal
In case of loss of RC , application for duplicate RC needs to be endorsed by financer also

Advantages of RTO Hypothecation Removal From RC

Following are the benefits of removing hypothecation from RC :

100% ownership – You have complete control over your vehicle once the hypothecation is removed from RC. You can sell, transfer, scrap or modify your vehicle as you wish. Consent of financier is no longer required.

Clean title – Hypothecation termination ensures that the you are the only owner . Bank has no say in it. A clean title makes selling or transferring the vehicle easier.

Insurance benefits - Insurance claims becomes complex procedure , if its under hypothecation from the financier .

Resale value – When you go to sell your vehicle, dealers often bring down the price based on the basis of pending documentation. Also more you delay, more is the chances that Bank NOC gets expired. It will further bring down the value of the vehicle. With these complications, your negotiation power reduces.

Hassle-free documentation – You need to take consent from financier every time for every RTO process such as duplicate RC, vehicle NOC, RC transfer etc. Once Hypothecation removed from RC, Its no longer required.

Process

Process for Hypothecation cancellation in Ghaziabad

Order online
Make 50% payment online
Upload documents for pre-check
Schedule pickup
Document pick-up & Process starts
Visit of registered owner of vehicle to the RTO
Work completion
Make 50% balance payment & share address for dispatch
Documents delivered & order closed

Document Required

Documents required for Hypothecation cancellation in Ghaziabad

Original RC
2 copy of application in Form No.35
NOC from Bank
Copy of valid insurance
Copy of valid pollution certificate
Copy of Address proof (voter card/ passport/ telephone(MTNL/BSNL)/electricity bill/ Adhar card) , any one

Forms

RTO Forms for Hypothecation cancellation in Ghaziabad

FAQ's

Hypothecation termination in Ghaziabad - FAQ

1. How can I remove hypothecation from RTO Ghaziabad?

Hypothecation cancellation process in Ghaziabad 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 Ghaziabad. Also, visit of registered owner at RTO is mandatory.

Following are the steps for HP termination in Ghaziabad :

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
Visit of registered owner of the vehicle to the RTO
Submit signed application forms along with supporting documents to the concerned RTO.
Application will be scrutanized and processed
You will get new RC after HP removal after one month

2. Do we need to visit RTO for hypothecation removal in Ghaziabad ?

Yes, its mandatory to visit RTO for hypothecation removal in Ghaziabad for documents submission and collection of RC after the work completion.

3. Can I cancel my hypothecation online in Ghaziabad ?

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 .

5. Is hypothecation removed automatically?

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.

6. How to check hypothecation of vehicle online in Ghaziabad ?

Following are the steps to check status of hypothecation cancellation in Ghaziabad:

Login into Parivhan portal
Go to online services
Click on vehicle related services
Select state as "Uttar Pradesh"
Select RTO and proceed
Go to status
Click on " know your application status"
Now enter either vehicle no. or application number in the box and get the status

7. I want to sell my car which is registered in Ghaziabad RTO. There is loan on the car. Is it necessary to remove hypothecation from RC in the RTO before selling car ?

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

8. How many days required for hypothecation termination in Ghaziabad ?

It takes 30 days to remove a hypothecation from RC in Ghaziabad.

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