RTO hypothecation removal process in Mumbai

Want to do RTO hypothecation removal process in Mumbai online? Itzeazy provides service for RTO HP cancellation online in Mumbai. Hypothecation(HP) cancellation/ removal from RTO in Mumbai is done by Regional Transport Authority/office ( RTA/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 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

Hypothecation(HP) cancellation/ removal from RTO in Mumbai online

Hypothecation deletion, termination of vehicle car, bike - Mumbai

Itzeazy provides Consultancy for Hypothecation deletion/termination of vehicle(car/bike) in Mumbai , provides end to end assistance in all documentation support to the clients. In case you had bought your vehicle through Bank Financing, the vehicle would be hypothecated (HP) 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 in respective forms, required documentation and make your due representation with RTO office.

Hypothecation deletion - Overview

HP deletion for a vehicle is to be applied in the concerned RTO where the vehicle is registered. Normally HP deletion of vehicle process takes approx. 3 weeks time. However actual time may vary some time. Visit of registered owner or vehcile to the RTO is not required.

Process for Hypothecation cancellation

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

Documents required for Hypothecation cancellation

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

Forms for Hypothecation cancellation

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

Hypothecation deletion - FAQ

Is there any validity period of NOC issued by Bank ?

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

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

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

Can I sell my car without removing hypothecation from it ?

No, hypothecation has to be removed first.

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 .