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. 

BOOK HP TERMINATION ONLINE

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.  

RTOs in Chennai where Itzeazy provides online service for hypothecation removal from RC 

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)

Cost for hypothecation addition

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 

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Hypothecation cancellation online Chennai 

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.

​CANCELLATION OF RTO HYPOTHECATION IN Chennai

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 Chennai  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 don't 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

Following are the steps for hypothecation termination in Chennai : 

• 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 everything is in order 
  
• Issue of new RC after HP termination
  
• Collect new RC from the RTO 
  

Process of HP termination is not completely online  in Chennai. 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 Chennai.

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)
  
• Original RC
  
• Copy of Valid insurance
  
• Copy of valid pollution under control certificate​
  

​HOW TO APPLY FOR HyPothecation termination 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
  

Visit Required  - No

​Time required - 15 days

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