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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.
book hp deletion online
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.
Hypothecation removal Gurgaon
Itzeazy provides services for Hypothecation removal in Gurgaon. Hypothecation (HP) removal of loan from RC of the vehicle is to be done ,If you have purchased the vehicle on loan from a bank or some financial institute , and now the bank loan has been repaid fully . Bank issues NOC for termination of loan in the RTO.
In this article we will discuss the process for HP removal in Gurgaon, documents required for HP termination in Gurgaon, RTO fees for hypothecation removal in Gurgaon.
Application for Hypothecation termination should be submitted to the RTO Gurgaon where the vehicle is registered .
In Gurgaon there are three RTOs
- HR26 - Gurgaon
- HR76 - Sohna Road
- HR55 - Gurgaon ( commercial )
how to apply for Hypothecation termination 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
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
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
Processing time for Hypothecation removal
A vehicle must submit an application for Hypothecation removal Gurgaon at the appropriate RTO where it is registered. The procedure for removing a hypothecation in Gurgaon typically takes one month. However, the actual timing can be a little different. But with the help of itzeazy, you can get your Hypothecation removal asap.
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
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