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hp termination bangalore order booking

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hp termination bangalore faq

BOOK HP DELETION ONLINE 

hp termination bangalore order booking

rTO OFFICES IN BANGALORE


HSR LAYOUT RTO 
WJCW+MM2, 21st main road, 
Agara Village, 1st Sector, 
HSR Layout, Bengaluru,
Karnataka 560102​

RAJAJI NAGAR  RTO 
Bangalore west (KA02)
Corporation Complex ,
Rajaji Nagar,
Bangalore

INDIRA NAGAR RTO
Bangalore East (KA03)
BDA Complex , Indira Nagar,
Bangalore

YESHWANTPUR RTO
Bangalore  North (KA04)
Corporation Complex ,
Yeshwanthapura, 
Bangalore

JAYANAGAR RTO 
Bangalore South (KA05),
Jayanagar  Shopping complex, 
4th Block , Jayanagar ,
Bangalore


ELECTRONIC CITY RTO
Electronic city (KA51)
Chennakeshava Nagar ,
Hosur Road, 
Bangalore


YELANKHA RTO
Yelahanka  ( KA50)
K.H.B.Commercial Complex ,
Yelahanka  New Town , 
Bangalore

JNANABHARATHI RTO
Jnanabharathi  (KA41)
Mysore Road 
Bangalore 

K. R. PURAM RTO 
K. R. Puram (KA53) 
Bhattarahalli 
Old Madras Road 
Bangalore


CHANDAPURA RTO
Chandapura (KA59)
Sy No 194 & 195,
Chandapura Anekal Main road,
Marasuru Village,
Bengaluru-562106



​​RTO fees for HP addition/ endorsement


Endorsing hire purchase/lease/hypothecation agreement:

Motorcycle                     Rs. 500       
Light motor vehicle       Rs. 1500 
Medium/heavy vehicle  Rs. 3000 

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.  


How can I endorse the hypothecation and its deletion?

Ans:  If a vehicle is purchased on loan from a financier the same could be endorsed in the registration certificate. The following are the documents required:

  • Original RC
  • Two copies Form no.34 duly filled (for endorsement of Hypothecation).
  • A certificate from financier for having retained full dues from the financier (for deletion case only).
  • Self Attested copy of valid insurance.
  • Self Attested copy of address proof of the registered owner.
  • Self Attested copy of valid pollution under control certificate.
  • Prescribed RTO fee.
  • Self Attested copy of PAN Card or Form 60 & 61(as applicable)


I want to sell my car. there is loan on the car. Is it necessary to do hypothecation termination before selling car ? 


Ans : Yes, its mandatory to clear the loan and do hypothecation termination before selling the car. Without clearing hypothecation in RTO you can not apply for RC transfer process. 



I have lost RC of my car. There is hypothecation on my car. Do I need consent from bank while applying for duplicate RC?


Ans :   To apply for duplicate RC, consent of bank is required on form 26, if vehicle is hypothecated to the bank.


​How can I remove hypothecation in Bangalore?


Ans : HP termination in Bangalore 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 Bangalore RTO.

Following are the steps for HP termination in Bangalore : 

  • Visit the official website of parivahan 
  • Select ‘Vehicle related Services’
  • Select ‘State’ and input the ‘RTO number’, then click ‘Proceed’
  • Select ‘Apply for Hypothecation termination’
  • Enter your vehicle details as a 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 RC after hypothecation removal after one month 

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hp termination bangalore order

RTO Hypothecation removal Bangalore online


Do you want to apply for RTO hypothecation cancellation online in Bangalore, Itzeazy provides service for Hypothecation termination  in Bangalore. Remove hypothecation from RC Bangalore, after re-payment of loan with the help of Itzeazy. Service of Itzeazy for hypothecation removal in Bangalore is door step.  Car hypothecation removal in Bangalore is one of the specialized service of Itzeazy. Its important to remove HP from RC in Bangalore to sell your vehicle or to transfer your vehicle to other state.  Upon loan closure Hypothecation closure letter is given by the bank . This Hypothecation closure letter is to be submitted to the concerned RTO for Hypothecation removal process from RC in Bangalore  .

Itzeazy has a team of expert professionals who helps in the process to remove hypothecation from RC online in Bangalore. The HP cancellation process is done online while you sit at your home. Its door step and hassle free service. Application for Hypothecation termination should be submitted  to the RTO where vehicle is registered.



CANCELLATION OF RTO HYPOTHECATION IN BANGALORE


In general, people make the mistake of believing that after paying off their vehicle loan EMIs, everything is finished and taken care of automatically. However, Hypothecation removal process in Bangalore needs to be done at the RTO office where the vehicle was registered in order to make sure that loan or hypothecation is not reflected in the RTO record against the vehicle . 

If you don't remove hypothecation from your RC , in the normal circumstances it does not create problem. However when you apply for other RTO related process like Duplicate RC, transfer of ownership of vehicle , vehicle NOC then its mandatory to remove hypothecation from the RTO record first.

There is validity period mentioned on the bank NOC paper. If you dont submit it to the RTO within that period , you will have to again take it from the bank. Bank charges for issuing loan closure letter second time. Also there will be additional hassle in going to the bank. To avoid its advisable to go for HP termination process immediately once you pay off your vehicle loan.       


Process for HP termination in Bangalore


  • Get Bank NOC and form 35 from the bank
  • Submit application for HP termination along with supporting documents to the concerned RTO
  • Deposit requisite RTO fees
  • Application processing 
  • Approval of application if everythnig is in order 
  • Issue of new RC after HP termination
  • Collect new RC from the RTO 


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 .  Loan closure or re-payment doesn't result into automatic removal of hypothecation from the RTO records.


Process of HP termination is not completely online  in Bangalore. Application can be generated online. RTO fees can be deposited  Online. However physical submission and collection of documents at RTO is required.

However, Itzeazy has online process for HP termination in Bangalore.



DOCUMENTS REQUIRED FOR HYPOTHECATION REMOVAL IN BANGALORE


​Following are the documents required for HP cancellation process in Bangalore

  • A certificate from financier for having retained full dues from the financier (for deletion case only)
  • 2 Nos. of duly signed form 35
  • Original RC
  • Copy of Valid insurance
  • Copy of valid pollution under control certificate​



RTO Hypothecation removal process of Itzeazy in Bangalore 



Itzeazy has following process for Hypothecation removal in Bangalore  


  • ​Requirement understanding of the client
  • Sharing of the list of documents required for HP termination in Bangalore
  • Advance payment by the client
  • Verification of the soft copy of the documents
  • Collection of physical copy of documents
  • Submission of the document to the RTO 
  • Time to time update to the client about the progress of the work
  • Work completion and dispatch of the document



Visit Required     - No


Processing Time - 15 days​​