hp termination faridabad order


RTO OFFICES IN FARIDABAD


Following are the RTO offices in Faridabad :

RTO Faridabad (HR51)
Tehsil court compound,
Sector-12
Faridabad

RTO Ballabhgarh (HR29)
RLA cum SDM Panchayat Bhawan
Near Aggarwal Dharamshala
Ballabhgarh​


COSTS FOR ADDING OR ENDORSING HYPOTHECATION


Approving a hire-purchase, lease, or Hypothecation removal Faridabad cost:-

Rs. 500 for motorcycles
A light vehicle costs Rs. 1500.
A medium or heavy vehicle costs Rs 3000

BOOK HP TERMINATION ONLINE

To book order or for any query or concern please speak to one of the consultants over phone or chat. You can also drop a message . We will get back to you shortly.

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hp termination faridabad
hp termination faridabad order

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.  




I bought my car on loan and its registered in Faridabad RTO . Currently I don't live at the address mentioned on the RC book . What should I do ?

Ans : No issue . Speak with Itzeazy In Pune RTO , RC gets delivered by post to the address mentioned on the RC after hypothecation removal process . So , ensure that someone can receive your RC at the registered address . Or else you can go for address change on RC along with HP termination .


Hypothecation Termination Faridabad 


Want to apply for HP termination in Faridabad RTO ? Itzeazy provides door-step service for hypothecation termination in Faridabad. The application for HP removal in Faridabad should be submitted to the RTO where vehicle is registered. In this article we will discuss process for HP termination in Faridabad, documents required for HP termination in Faridabad. 



CANCELLATION OF RTO HYPOTHECATION IN Faridabad


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 Faridabad 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 Faridabad


Following are the steps for HP termination in Faridabad :

  • 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 everytig 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 Faridabad. 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 Faridabad. 


DOCUMENTS REQUIRED FOR HYPOTHECATION TERMINATION IN FARIDABAD


Following are the documents  required for hypothecation termination in Faridabad:

  • 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
  • Copy of address proof of the registered owner (voter card/ passport/ telephone/electricity bill/ ration card) etc.



how to apply for HYPOTHECATION REMOVAL IN faridabad online


Itzeazy has following process for Hypothecation removal in Faridabad  

  • ​Requirement understanding of the client
  • Sharing of the list of documents required
  • 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