RTO hypothecation removal process online in Mumbai

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

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 HP Cancellation from RTO Mumbai, after paying off loan on the vehicle. But before applying, make sure all the documents required for Hypothecation cancellation has been arranged, like NOC from the bank or financing company.

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

Hypothecation cancellation online in Mumbai

Itzeazy provides Consultancy for Hypothecation termination in Mumbai , 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 deletion, required documentation and make your due representation at RTO office in Mumbai.

Over View

Hypothecation Termination in Mumbai - Overview

HP termination in Mumbai is to be applied in the concerned RTO where the vehicle is registered.

Normally HP deletion of vehicle process takes approx. 3-4 weeks time. However actual time may vary some time. Visit of registered owner or vehicle to the RTO is not required.

Process

Process for Hypothecation cancellation in Mumbai

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

Documents required for Hypothecation cancellation in Mumbai

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/ Aadhar card) , any one

Forms

RTO Forms for Hypothecation cancellation in Mumbai

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

FAQ's

Hypothecation cancellation in Mumbai - FAQ

1. How can I remove hypothecation from RTO Mumbai?

Hypothecation cancellation process in Mumbai 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 Mumbai.

Following are the steps for HP termination in Mumbai :

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
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 Mumbai?

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

3. Can I cancel my hypothecation online in Mumbai?

4. I am transferring my vehicle from Mumbai to Bangalore 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 .

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