Want to do Hypothecation removal in Mumbai, Itzeazy provides support for hypothecation removal process in Mumbai . Hypothecation termination is the process of removing hypothecation from the RC in the RTO records of the concerned RTO . If you have purchased your vehicle on loan and its registered in Mumbai RTO, hypothecation termination from RC is to be done after you re-paid your loan fully . In this article we will discuss process for hypothecation removal in Mumbai, documents required for hypothecation removal in Mumbai.
Itzeazy provides door step service for HP cancellation . Its door step & hassle free service . Following are the RTOs in Mumbai & its adjoining area where Itzeazy provides services :
For more information on the RTO offices and its addresses please visit https://itzeazy.in/mumbai/rto
If you have purchased vehicle on loan , In the RTO records vehicle will be shown hypothecated to the particular financier . Once you re-pay loan fully , hypothecation has to be removed from the RTO records. Process for removing hypothecation(HP) from RC is called hypthecation termination or hypothecation cancellation .
Following are the steps involved in hypothecation process in Mumbai :
Following are the documents required for hypothecation termination in Mumbai :
If you have purchased vehicle on loan from bank or some financial institution , while registering vehicle in the RTO , in RTO records vehicle is shown as hypothecated to that particular bank . Hypothecation is to be removed from RC in the RTO records , once loan is re-paid fully .
Bank or the financial institution provides 2 sets of form35 and NOC for the termination of loan from the vehicle . Normally this form 35 is given by the bank . However , some banks ask registered owner of the vehicle to bring form 35 .To download form 35 pls visit https://www.itzeazy.com/rto-forms.html
To book online order of Itzeazy for hypothecation removal from RC in Mumbai please drop a message to https://www.itzeazy.com/rto-forms.html . You can also speak to one of our service representative over phone or chat
Ans : You can check status of hypothecation of vehicle by sending SMS to the mobile no. - 7738299899 . Format of the SMS is VAHAN space vehicle no . So suppose the vehicle no. is KA01CX1133 , then the SMS format should be VAHAN KA01CX1133. This SMS should be sent to no. 7738299899 . You will get an SMS . It will show the status of hypothecation cancellation.
Ans : For hypothecation removal process in Mumbai , visit of registered owner is not mandatory . Itzeazy provides door step service for hypothecation removal from RC in Mumbai and its adjoining area . Just you need to provide us required documents , We will get the complete work done .
Ans : In Mumbai RC is being delivered by post to the address mentioned on the RC book . Though visit of registered owner to the RTO is not mandatory for hypothecation removal process, it should be ensured that someone should be able to receive your RC at the registered address after work completion.
Ans : Yes. With loan running on the vehicle you can not sell your car . So, for transfer of ownership process loan has to be closed first .