Itzeazy logo

How to remove hypothecation from vehicle online in Gurgaon ?

Ans : The process for hypothecation removal is not online completely in Gurgaon. Only fees can be deposited online.

However, Itzeazy has completely online service for HP termination in Gurgaon. Its door step service. 



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:

  • Registration certificate in original
  • 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 fee.
  • Self Attested copy of PAN Card or Form 60 & 61(as applicable)



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.  







APPLY FOR HP TERMINATION 


Hypothecation Removal Gurgaon 


Are you looking for vehicle Hypothecation removal in Gurgaon? Itzeazy provides service for HP termination in Gurgaon. Its door step and hassle free process. Vehicle Hypothecation termination in Gurgaon is one of the specialized service of Itzeazy.


If you have bought a vehicle after taking loan from the bank or financial institution, in the RTO record of the vehicle , it will show hypothecated to the bank. Once you re-pay your loan completely , you should apply for hypothecation removal of the vehicle in the Gurgaon RTO. 



CANCELLATION OF RTO HYPOTHECATION IN Gurgaon


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 . 

Reasons to cancel your vehicle's hypothecation


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.   



Documents required for Hypothecation termination  in Gurgaon


Following are the documents required for hypothecation termination in Gurgaon


  • 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. attach any two attested copies


HOW TO APPLY FOR HYPOTHECATION TERMINATION IN GURGAON ONLINE


A simple online service for Hypothecation removal Gurgaon is provided by Itzeazy. The steps in the procedure are as follows:

  • Requirement understanding of the customer
  • Verification of the soft copy of the documents 
  • Advance payment by customer
  • Collection of the physical copy of the documents
  • Submission of the documents to the concerned RTO
  • Time to time update to the customer regrading progress of the work
  • ​Work completion, Delivery of RC to the customer


Approximate time for Processing - 30 days

Physical visit to RTO required       -  No

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.

hp termination gurgaon order
hp termination gurgaon faq

​RTO OFFICE IN GURGAON


Following are the RTO offices in Gurgaon :

RTO Gurgaon, HR26
Mini secretariat ,
Near Rajiv Chowk,
Gurgaon

RTO Sohna Road, HR76
Opp. Mini secretariat
Near Rajiv Chowk,
Gurgaon

Commercial RTO Gurgaon, HR55
Mini secretariat ,
Near Rajiv Chowk,
Gurgaon

RTO Badshahpur, HR98
Back side of HDFC school
Wazirabad 
Gurgaon


Application for Hypothecation termination should be submitted to the RTO Gurgaon where the vehicle is registered 



Cost for adding or endorsing hypothecation


RTO fees for HP addition in Gurgaon is :-

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

hp termination gurgaon faq
hp termination gurgaon order