Last updated: May 11, 2025
Itzeazy takes care of the entire process of HP termination in Gurgaon i.e.
Over View
Process
Document Required
Forms
FAQ's
Hypothecation cancellation process in Gurgaon 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 Gurgaon.
Following are the steps for HP termination in Gurgaon :
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 Gurgaon:
Yes, its mandatory to clear the loan and do hypothecation termination before selling the car. Without clearing hypothecation in Gurgaon RTO you can not apply for RC transfer process.
No, you need to clear outstanding loan on your car/bike and then apply for hypothecation termination. After HP removal, you can sell you vehicle.
No, you have to apply for HP removal at the RTO office where the vehicle is registered in Gurgaon.
It takes 15-20 days to remove a hypothecation from RC in Gurgaon.
Yes, you will get new RC after hypothecation removal in Gurgaon. 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.
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 Gurgaon where vehicle is registered.
Following are the documents required for HP addition in Gurgaon :
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.
?Vehicle hypothecation from RTO can not be done with soft copy of bank NOC and form 35. Original bank NOC and form 35 is required to apply for hypothecation termination in the RTO. Please contact your bank and get the physical copy of bank NOC and form 35 having original seal and sign of the bank on it. After this you need to submit application for hypothecation termination in the RTO where vehicle is originally registered.
Following are the steps to check status of hypothecation cancellation in Gurgaon: