Hypothecation removal Pune RTO

Want to apply for Hypothecation removal in Pune online ? Now remove hypothecation from RC online in Pune with Itzeazy. RTO hypothecation removal process in Pune is done by RTO Pune.

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

You can apply for HP Cancellation from RTO Pune, after paying off loan on the vehicle. But before applying, make sure all the documents required for hypothecation removal in Pune has been arranged, such as NOC from the bank or financing company.

You can apply for the HP cancellation 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.

How to apply for Hypothecation cancellation from RTO in Pune online

Itzeazy provides Consultancy for vehicle Hypothecation termination in Pune , provides end to end assistance and 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 in respective forms, required documentation and make your due representation at RTO office.

In Pune following are the 2 RTOs. Itzeazy has HP termination services in both the RTOs of Pune.

Pune RTO - MH12

38. Dr. Ambedkar Road,

Near Sangam Bridge,

Pune - 411001

Pimpri Chinchwad RTO - MH14

Near Town Planning Pradhikaran,

Nigdi, Pimpri - Chinchwad.

Pune - 411019

Over View

Hypothecation Termination in Pune - Overview

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

Normally HP deletion of vehicle process takes approx. 3-4 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 Pune

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 Pune

Form no. 35 duly filled (Photograph of applicant, thumb impression, duly attested by notary or by any other authorized person on (form 34 or 35)).
A certificate from financier for having retained full dues from the financier (for deletion case only)
Original RC
Copy of Valid insurance
Copy of valid pollution under control certificate
Address proof
Attested cop of PAN card or Form 60 and Form 61 (as applicable)
Aadhar card of registered owner
2 Nos. of ??pencil impression of chassis no. on a plain paper

Forms

Forms for Hypothecation cancellation in Pune

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

FAQ's

Hypothecation cancellation in Pune - FAQ

1. How can I remove hypothecation from RTO Pune?

Hypothecation cancellation process in Pune 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 Pune.

Following are the steps for HP termination in Pune :

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 Pune?

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

3. Can I cancel my hypothecation online in Pune?

4. I am transferring my vehicle from Pune 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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