Want Hypothecation(HP) termination from RC of vehicle in Bangalore ? Itzeazy is there to assist you. If you have bought your vehicle on finance from bank or financial institute and loan has been re-paid fully , Hypothecation (HP ) from RC in the RTO has to be removed . Application for Hypothecation termination should be submitted to the RTO where vehicle is registered. In Bangalore , following are the RTOs :
Itzeazy provides service for Hypothecation (HP) termination from RC i the RTO. Service is door step and hassle free.
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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 .
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.
Ans : Since your address has been changed , its advisable to go for HP termination and change of address process together.