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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


​why to remove Hypothecation From RC


Following are the benefits of  removing hypothecation from RC : 

  • 100% ownership – You have complete control over your vehicle once the hypothecation is removed from RC. You can sell, transfer, scrap or modify your vehicle as you wish. Consent of financier is no longer required. 
  • Clean title – Hypothecation termination ensures that the you are the only owner . Bank has no say in it. A clean title makes selling or transferring the vehicle easier. 
  • Insurance benefits - Insurance claims becomes complex procedure , if its under hypothecation from the financier . 
  • Resale value – When you go to sell your vehicle, dealers often bring down the price based on the basis of pending documentation. Also more you delay, more is the chances that Bank NOC gets expired. It will further bring down the value of the vehicle. With these complications, your negotiation power reduces.
  • Hassle-free documentation – You need to take consent from financier every time for every RTO process such as duplicate RC, vehicle NOC, RC transfer etc. Once Hypothecation removed from RC, Its no longer required.

​ 

​​Why to Choose Itzeazy 

🏍️  Faster processing - We make the HP termination process faster
🏍️  Guaranteed service - Get guarantee success with our consultants
🏍️  No hidden cost - Transparent pricing
🏍️  Accurate guidance - We have the knowledge and experience to make the process smooth and stress-free
🏍️  Our presence - Apply for services from anywhere in India, always open for you
🏍️  Door step service - Document pickup & drop from the convenience of your home
🏍️  Safety & Confidentiality - Your privacy is out utmost priority 


hp termination gurgaon faq


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.  



Is form 35 and NOC the same?

Ans : No. Form 35 and NOC are not the same . NOC is given by the financer once you repay the loan on vehicle completely. It is stated in the NOC that loan has been closed and bank has no objection in the removal of hypothecation from the RTO record against the said vehicle.

Form 35 is the RTO application form used for the hypothecation termination from the RTO record of the vehicle.2 sets of form 35 is to be submitted in the RTO for hypothecation cancellation along with supporting documents. This form 35 should be signed by both bank as well as registered owner.


I have purchased a bike which is registered in other state. There is hypothecation on it. Who will apply for hypothecation termination in the RTO?

 Ans : Since bike is still in the name of previous owner, so seller should apply for hypothecation termination in the RTO. 

 
​How to check hypothecation cancellation online in Gurgaon or how to check hypothecation of vehicle online in Gurgaon ?

Ans : Following are the steps to check status of hypothecation cancellation in Gurgaon:

  • Login into Parivhan portal
  • Go to online services
  • Click on vehicle related services
  • Select state as " Haryana"
  • Select RTO and proceed
  • Go to status
  • Click on " know your application status"
  • Now enter either vehicle no. or application number in the box and get the status 


I want to sell my car which is registered in Gurgaon RTO. There is loan on the car. Is it necessary to remove hypothecation from RC in the RTO before selling car ? 
 
Ans : Yes, its mandatory to clear the loan and do hypothecation termination before selling the car. Without clearing hypothecation in Gurgaon RTO you can not apply for RC transfer process.

 

My bank branch is now closed or relocated. How can I get the NOC for hypothecation termination ?

Ans : If your bank branch has closed or relocated, you can follow these steps:

  • Contact the customer care of your bank and inquire about the process for obtaining a fresh NOC.


  • If the branch is relocated, the NOC request might be transferred to the new location or processed by the bank's regional office.


  • Some banks offer the option to apply for an NOC online or through their centralized customer service.


Itzeazy can assist you in coordinating with your bank to simplify this process.


There was loan on my car. It has been re-paid fully and bank has provided me soft copy of NOC for loan closure and form 35 set. Whats the next procedure to remove hypothecation from RTO?

​Ans : Vehicle hypothecation from RTO can not be done with soft copy of bank NOC and form 35. Original bank NOC and form 35 is required to apply for hypothecation termination in the RTO. Please contact your bank and get the physical copy of bank NOC and form 35 having original seal and sign of the bank on it. After this you need to submit application for hypothecation termination in the RTO where vehicle is originally registered.   

hp termination gurgaon order



APPLY FOR HP TERMINATION 


Hypothecation Termination in Gurgaon 


Do you want to apply for Hypothecation termination in Gurgaon ? Itzeazy provides service for RTO hypothecation removal process online in Gurgaon. Its door step and hassle free process. Vehicle Hypothecation cancellation in Gurgaon is one of the specialized service of Itzeazy.



Itzeazy makes HP Termination process faster

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.   


​vehicle hypothecation cancellation procedure in Gurgaon

 

If you have purchased vehicle after taking loan from the bank or any financial institution, on the RTO record this loan would be mentioned . On the RC too vehicle will be shown hypothecated to the particular bank or financial institution. 

Once loan is repaid fully , it has to be removed from the RTO record of the vehicle. The process for removing loan from the RTO record of the vehicle is called HP termination. 

Following are the steps for HP termination process  in Gurgaon:

  • Collect physical copy of Bank NOC and form 35 from the  bank
  • Apply online on parivahan portal
  • Pay requisite RTO fees
  • Submit application for hypothecation termination along with supporting documents in the concerned RTO
  • Processing of the application in the RTO
  • Issue of new RC 
  • Collect RC from the RTO


 

​Where to apply for hypothecation termination in Gurgaon


In Gurgaon there are four RTOs . Application for hypothecation termination in Gurgaon should be submitted to the RTO where vehicle is registered 

  • HR26 - Gurgaon city
  • HR98 - Badshahpur
  • HR76 - Sohna Road
  • HR55 - Gurgaon (Commercial)


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