Do you want to apply for vehicle Hypothecation cancellation online in Chennai ? Hypothecation removal in Chennai is required If you have bought your vehicle on finance from bank or financial institute and loan has been re-paid fully. Application for Hypothecation termination should be submitted to the RTO in Chennai where vehicle is registered. In this article we will discuss process for HP termination in Chennai, documents required for HP termination in Chennai.
Itzeazy provides service for Hypothecation termination from RC in Chennai. Service is door step and hassle free. Following are the RTOs in Chennai where Itzeazy provides online service for hypothecation removal from RC of the vehicle :
Chennai - Central (TN01)
Chennai - North West (TN02)
Chennai - North East (TN03)
Chennai - East (TN04)
Chennai - North (TN05)
Chennai - South East(TN06)
Chennai - South (TN07)
Chennai - West (TN09)
Chennai - South West(TN10)
Tambaram RTO (TN-11)
Ambattur RTO (TN- 13)
Meenambakkam RTO (TN-22)
For more information on RTOs in Chennai please visit https://itzeazy.in/chennai/rto
HOW TO APPLY FOR HP DELETION ONLINE IN CHENNAI
Following are the steps we at Itzeazy follow in the hypothecation removal process in Chennai
Requirement understanding of the client
Sharing of the list of documents required for HP termination in Chennai
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
DOCUMENTS REQUIRED FOR HP TERMINATION IN CHENNAI
Following are the documents required for HP termination in Chennai :
2 nos. of Form no. 35 duly filled
A certificate from financier for having retained full dues from the financier (for deletion case only)
Copy of Valid insurance
Copy of valid pollution under control certificate
COSTS FOR ADDING OR ENDORSING HYPOTHECATION
Adding a hire-purchase, lease, or Hypothecation removal Chennai cost:-
Rs. 500 Indian rupees for motorcycles
A light vehicle costs Rs. 1500
A medium or heavy vehicle costs Rs 3000
To book order or for any query or concern please speak to one of the consultants over phone or chat. You can also write to us. We will get back to you.
My vehicle is registered in Chennai but I am in Bangalore currently . Is it necessary to visit Chennai RTO for hypothecation termination process ?
Ans : Physical presence of registered owner is not required for hypothecation deletion process in Chennai RTO . If you are in Bangalore , dont worry. Just you need to send your documents to our Chennai office . We will get the work done and send back your documents to Bangalore .
My vehicle which is registered in Chennai is under hypothecation . Now I want to apply for NOC from Chennai to Mumbai . Do I need to close the loan first ?
Ans : You can manage to get the work done with Loan continuation letter from the bank. In this case you will have to take NOC from bank which is also called loan continuation letter. On the basis of this letter from bank, RTO will issue NOC .
There was hypothecation on my car which I re-paid 2 years back . I got loan closure letter from the bank. The validity of it is expired. Can I apply for hypothecation termination with this expired paper ?
Ans : To apply for vehicle hypothecation cancellation, in general loan closure should be valid. Some RTOs accept expired loan closure letter . For detail info on this Pls speak to our team they will guide you.
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.
BOOK HP TERMINATION ONLINE