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RTO Hypothecation removal process online
Itzeazy provides RTO Hypothecation removal process online. So if you want service for hypothecation termination or hypothecation cancellation online, Itzeazy is there to help you. HP termination or HP cancellation from RC is to be done after the complete re-payment of the loan on the vehicle. Itzeazy provides service for Hypothecation(HP) removal or HP cancellation in Delhi, Gurgaon, Faridabad, Noida, Ghaziabad and other parts of India . It guides you about the documents required for hypothecation removal process and in completing hypothecation cancellation form 35. In case you had bought your vehicle through Bank Financing, the vehicle would be hypothecated (HP) with the bank and name of the bank would appear in your RC book. Once you have cleared the loan, you should get the Hypothecation removal process done.
Application for hypothecation termination is to be submitted in the RTO where vehicle is registered
WHAT IS RTO HYPOTHECATION
Nowadays owning a vehicle is very important for someone’s own convenience. But many times, buying a vehicle like car or motorcycle means a big investment as these are quite expensive. So many people take the help of bank via car-loans or credit cards and it becomes affordable.
But there’s a problem, until the day you have paid your last instalment, the bank or credit card authority holds the ownership of your car and all cars which are financed, comes with a “Finance Company Hypothecation”.
That’s why it’s very important to remove hypothecation from RC. But you might face several issues during this process as it is a little complicated procedure with a lots of verification and authentication. Don’t worry, Itzeazy is here to help you.
CITIES WHERE ITZEAZY PROVIDES ITS SERVICE
Itzeazy Provides service for Hypothecation (HP) termination from RC of the vehicle . Service of Itzeazy is available in the following cities :
We will take you through step wise procedure of getting NOC from bank for HP deletion in respective forms, required documentation and make your due representation with RTO office.
Service offered by Itzeazy is door step and hassle free service . We provide SLA bound service.
How to remove hypothecation from RC online
Itzeazy provides service for HP cancellation from RC online. The steps involved in the process are :
- Requirement understanding from the client
- Sharing of documents required for HP deletion by Itzeazy with the client
- Verification of the soft copy of the documents
- Collection of physical copy of the documents from door-step
- Advance payment of service charge by the client
- Document submission to the RTO by Itzeazy
- Work completion and dispatch of RC
Approximate time for Processing - 30 days
RTO visit Required
Delhi , Gurgaon , Faridabad - No
Noida , Ghaziabad - Yes
documents required for hypothecation removal
Following are the documents required for Hypothecation cancellation
- 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
Forms can be downloaded from the link RTO forms