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RTO hypothecation removal process in Hyderabad


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

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
You can apply for Hypothecation cancellation in Hyderabad, after paying off all dues on the vehicle, . But before applying, make sure all the documents required for hypothecation removal in Hyderabad has been arranged, like NOC from the bank or financing company.

You can apply for HP cancellation in Hyderabad 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.

HP termination

How to apply for Hypothecation cancellation from RTO in Hyderabad online


Itzeazy provides Consultancy for Hypothecation termination in Hyderabad, provides end to end assistance along with documentation support to the clients.

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.

We will take you through step wise procedure of getting NOC from bank for HP termination, required documentation and make your due representation at RTO office.

Over View

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Hypothecation Termination in Hyderabad - Overview


Hypothecation termination in Hyderabad for a vehicle is to be applied in the concerned RTO where the vehicle is registered.

Normally RTO hypothecation removal process in Hyderabad takes approx. 2-3 weeks time. However actual time may vary some time.

Visit of registered owner to the RTO is required if on previous RC photograph of him/her is not there.

Process

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Process for Hypothecation cancellation in Hyderabad


  • Order online
  • Make 50% payment online
  • Upload documents for pre-check
  • Schedule pickup
  • Document pick-up & Process starts
  • Work completed
  • Make 50% balance payment & share address for dispatch
  • Documents delivered & order closed

Document Required

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Documents required for Hypothecation cancellation in Hyderabad

  • Original RC
  • 2 copy of application in Form No.35
  • NOC from Bank
  • Copy of valid insurance
  • Copy of valid pollution certificate

Forms

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RTO Forms for Hypothecation cancellation in Hyderabad


  • Form 35
  • Sample form 35
  • Bank NOC sample
  • Form 34
  • Sample form 34

FAQ's

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Hypothecation cancellation in Hyderabad - FAQ

1. Is there any validity period of NOC issued by Bank ?

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Normally bank mentions validity period on the NOC issued by it. Check validity while submitting application to the RTO.

2. The validity of NOC issued by bank has been expired . what should I do ?

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Get new NOC from the Bank as RTO wont except expired NOC.

3. Can I sell my car without removing hypothecation from it ?

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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 ?

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Either you can repay complete loan and remove hypothecation or loan continuation letter can be taken from the bank .