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How to check hypothecation cancellation online or how to check hypothecation of vehicle online ?
Ans : You can check status of hypothecation of vehicle by sending SMS to the mobile no. - 7738299899 . Format of the SMS is VAHAN space vehicle no . So suppose the vehicle no. is KA01CX1133 , then the SMS format should be VAHAN KA01CX1133. This SMS should be sent to no. 7738299899 . You will get an SMS . It will show the status of hypothecation cancellation.
What is RTO hypothecation ?
Ans : If a vehicle is purchased on loan or its financed by some financing company , in the RTO record name of the financing company is mentioned against the vehicle record as financier. So, RTO hypothecation indicates that particular vehicle is hypothecated to that specific financier .
When loan is re-paid fully, the name of the financier should be removed from the RTO record. This process is called Hypothecation (HP) termination .
My car is registered in Bangalore RTO , but now I live in Mumbai . Do I need to visit Bangalore RTO for HP removal process ?
Ans : For HP deletion or HP termination process in Bangalore RTO , physical presence of registered owner is not required . You just need to send your documents to Bangalore office of Itzeazy. We will get the work done and send back your documents.
I bought my car 5 year back on loan . Now I have re-paid the loan fully . However , my address has changed in Bangalore . What should I do ?
Ans : Since your address has been changed , its advisable to go for HP termination and change of address process together.
My vehicle was on loan which I have already closed 3 years back . Bank had given NOC for loan closure which expired long back . Now I want to go for removal of Hypothecation from vehicle in the RTO. Do I need to take fresh NOC from the bank?
Ans: Yes, you will have to take fresh NOC from the bank , as it has been already expired. In some cases work can be managed to get the done with expired NOC . For information on it you may contact one of our representative.
Itzeazy has RTO Hypothecation removal process online in Bangalore. So if you want to do HP cancellation from RC of vehicle, Itzeazy has door step service for HP termination in Bangalore. We guide you about documents required for hypothecation removal process in Bangalore. Normally hypothecation cancellation form is given by the Bank. If you have bought your vehicle on finance from bank or financial institute and loan has been re-paid fully , Hypothecation cancellation or HP cancellation from RC in the RTO has to be done. Application for Hypothecation termination should be submitted to the RTO where vehicle is registered. In Bangalore , following are the RTOs :
Bank or financial institution issues NOC for hypothecation termination . It has to be collected by the registered owner from the concerned bank and needs to be submitted to the RTO along with other supporting documents .
Itzeazy provides service for Hypothecation (HP) termination from RC i the RTO. Service is door step and hassle free.
Itzeazy has following process for Hypothecation removal in Bangalore
Following are the documents required for HP cancellation process in Bangalore