My vehicle is registered in Ghaziabad RTO. It was under hypothecation and now loan is closed . Currently I don't live in Ghaziabad . Do I need to visit RTO physically for HP termination process.
Ans : Yes. For HP termination process in Ghaziabad RTO , physical presence of registered owner is mandatory.
I bought my car through loan from bank. Loan has been completed . Now I am moving to Bangalore. What will be the procedure to get NOC for my car from RTO Ghaziabad?
Ans : NOC from Noida will be 2 stage process :
1. HP termination
2. NOC for car from Ghaziabad to Bangalore
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Looking for RTO hypothecation removal process online in Ghaziabad , Itzeazy provides service for Hypothecation termination in Ghaziabad . So if you bought your vehicle on finance from bank , HP termination in Ghaziabad needs to be done after re-payment of loan . Services of Itzeazy for hypothecation removal in Ghaziabad is door step.
Car hypothecation removal in Ghaziabad is one of the specialized service of Itzeazy. Its important to remove HP from RC in Ghaziabad to sell your vehicle or to transfer your vehicle to other state.
Upon loan closure Hypothecation closure letter is given by bank . This Hypothecation closure letter is to be submitted to the concerned RTO for Hypothecation removal process from RC in Ghaziabad .
Itzeazy has team of expert professionals who will remove hypothecation from RC online in Ghaziabad . The HP cancellation process done online while you sit at your home. Its door step and hassle free service.
Itzeazy has following process for Hypothecation removal in Ghaziabad
Following are the documents required for HP termination
Reasons to cancel your vehicle's hypothecation
When you repay your loan fully, bank or the financial institution gives loan closure letter along with 2 sets of form 35. To remove Hypothecation from RTO , Application on form 35 along with bank NOC and other supporting documents needs to be submitted to the RTO.
Normally the validity of the bank NOC is 3 months from the date of issue. So, its important to apply for HP termination timely.
Costs for adding or endorsing hypothecation
The RTO fees for hypothecation addition is :