Hypothecation deletion / termination (HPT) of vehicle(car / bike) - Mumbai

Hypothecation deletion/termination 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 deletion / termination (HPT) of vehicle(car / bike) in Mumbai @ Itzeazy

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.

Hypothecation deletion - Process

  • 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

Hypothecation deletion - Documents Required

  • 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

Hypothecation deletion - Forms

  • 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 .