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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

Hypothecation Termination in Mumbai

Do you want to apply for Hypothecation termination in Mumbai ? Itzeazy provides service for HP termination in Mumbai . Itzeazy does RTO hypothecation removal process online in Mumbai. Hypothecation cancellation in Mumbai is the process of removing hypothecation from the RC in the RTO records of the concerned RTO . After fully repaying your loan, you must terminate the hypothecation against the RC if you have purchased vehicle after taking loan from the bank and it is registered in Mumbai. In this article, we'll talk about the documents required for HP termination in Mumbai and the hypothecation removal procedure in Mumbai.

Itzeazy makes HP Termination process faster

Itzeazy has a team of expert professionals who helps in the process to remove hypothecation from RC online in Mumba. The HP cancellation process is done online while you sit at your home. Its door step and hassle free service. Application for Hypothecation termination should be submitted to the RTO where vehicle is registered.

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.

RTO offices in Mumbai

In Mumbai and its adjoining area there are 8 RTOs

Tardeo RTO
Mumbai central - MH01
Old bodyguard lane,
Tulsiwadi, Tardeo,
Mumbai – 400034

Andheri RTO
Mumbai west - MH02
111-D, Ambivali village,
New manish nagar,
Versova road,
Mumbai- 400053

Wadala RTO
Mumbai east - MH03
B-2, 3rd floor,
Wadala truck terminals,
Wadala, Mumbai -400037

Thane RTO
MH04
B-2, 3rd floor,
Wadala truck terminals,
Wadala, Mumbai -400037

Kalyan RTO
MH05
Sahyadri Nagar ,Chikanghar,
Nr. Birla School, Kalyan
(W) Dist. -Thane , Pin.421301

Borivali RTO
MH47
Wing A, CTS No. 53/4,
Link Rd, Pramila Nagar, Anand Park,
Dahisar West,
Mumbai, Maharashtra 400068

Panvel RTO
MH46
Central Facility Bldg,
Steel Market, Kalamboli,
Tal -Panvel,
Dist -Raigad,
Pin – 410218

Vashi RTO
MH43
T Block, Sector 19B
APMC Market
Vashi. New Mumbai – 400705

RTO fees for HP addition/ endorsement

Endorsing hire purchase/lease/hypothecation agreement:

(a) Motorcycle Rs. 500
(b) Light motor vehicle Rs. 1500
(c) Medium/heavy vehicle Rs. 3000

Where can I get the NOC after car loan repayment?

Ans : Bank or the financial institute which has given car loan, will provide NOC for hypothecation removal from RTO. It will also provide 2 sets of form 35 signed by the bank. Pls note that you need to submit original bank NOC and form 35 set in the RTO for hypothecation cancellation process. Soft copy of these documents will not serve the purpose.

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

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

Login into Parivhan portal
Go to online services
Click on vehicle related services
Select state as "Maharashtra"
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

My car is registered in Andheri RTO in my name . I have time constraint . Is it mandatory for registered owner to visit RTO for hypothecation removal process ?

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 .

My bike is registered in Thane RTO . Right now I am in Bangalore . How will I get my RC back after hypothecation removal from RTO ?

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.

I have a car which is registered in Wadala RTO . Its under hypothecation and loan is continuing . To sell car will I have to close loan first ?

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 .

How can I endorse the hypothecation on the vehicle record?

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.

I want to sell my car which is registered in Mumbai 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 Mumbai 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.

Do we get new RC after hypothecation removal in Mumbai ?

Ans : Yes, you will get new RC after hypothecation removal in Mumbai. You need to submit original RC in the RTO along with supporting documents to remove hypothecation from RTO. New RC is issued, once process is done in the RTO.

Can I get NOC from bank online?

Ans : You can get NOC from bank online. However please note that to remove hypothecation from RC in the RTO you need to submit original hard copy of the bank NOC signed and stamped by the bank along with supporting documents.
So get the original bank NOC and form 35 from the bank.

Is hypothecation mentioned in RC?

Ans : Generally hypothecation is mentioned in RC. However there are exceptions also. There are RTOs in India which do not mention hypothecation on RC. So, its always better to check hypothecation status on parivahan website for exact information.

Can I sell my bike without hypothecation?

Ans : Closing the loan on bike is mandatory before selling the bike as per motor vehicle act. After repaying loan get the loan closure letter and from 35 from the bank. You should submit hypothecation termination documents along with RC transfer paper in the RTO for ownership transfer of bike.

HP terminaion IN MUMBAI

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 Mumbai 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 .

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.

rto hypothecation removal process in Mumbai

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 hypothecation termination or hypothecation cancellation .

Following are the steps involved in hypothecation removal process in Mumbai :

Collect form 35 & NOC from the bank or the financier

Arrange required supporting documents which needs to be submitted to the RTO

Submit the application for hypothecation termination to the RTO in Mumbai where the vehicle is registered

Pay the requisite government fees
The procedure takes about a month to complete.

RC will be delivered to the registered address following HP removal.

Where to apply for Hypothecation termination in Mumbai

Application for Hypothecation termination in Mumbai should be submitted to the concerned RTO where vehicle is registered.

Following are the RTOs in Mumbai :

MH01 - Mumbai central (Tardeo)
MH02 - Mumbai west ( Andheri)
MH03 - Mumbai East ( Wadala)
MH04 - Thane
MH05 - Kalyan
MH43 - Vashi
MH46 - Panvel
MH47 - Boriwali
MH48 - vasai

Documents Required for Hypothecation termination in Mumbai

Following are the documents required for hypothecation termination in Mumbai :

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
Address proof of registered owner
Pencil impression of chachis number on a plain paper
Aadhaar card copy of registered owner
PAN card copy of registered owner

RTO HYPOTHECATION REMOVAL PROCESS online IN Mumbai with itzeazy

Itzeazy has following process for Hypothecation removal in Mumbai

Requirement understanding of the client
Sharing of the list of documents required for HP termination in Mumbai
Advance payment by the client
Verification of the soft copy of the documents
Collection of physical copy of documents
Submission of the document to the RTO
Time to time update to the client about the progress of the work
Work completion and dispatch of the document

Visit Required - No

Processing Time - 15 days

what is form 35 RTO

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 page RTO forms