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RTO Hypothecation removal process online Delhi


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

Hypothecation in vehicles is done because the majority of people take loans from a bank or any financial institution for purchasing the said vehicle. Now, what do you mean by Hypothecation?

Hypothecation means a practice/process where an asset is pledged as collateral to secure a debt or loan.

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
Keeping the importance and need of HP deletion from RC, after paying off all dues on the vehicle, you can apply for HP Cancellation from RTO Delhi. But before applying, make sure all the required documents are obtained, like an NOC from the bank or respective financing company. You can apply online for the HP cancellation at the respective RTO. If you require any changes in RC after termination, like an address change, you can do a HP deletion and the required changes in RC together.
HP termination

Apply for Hypothecation termination from RTO in Delhi online


Itzeazy provides Consultancy for Hypothecation deletion/termination of vehicle(car/bike) in Delhi , 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.
Over View

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. 1 month time. However actual time may vary some time. Visit of registered owner or vehicle to the RTO is not required.
Process
Documents Required
Forms
FAQs