BOOK HP TERMINATION ONLINE
My vehicle is registered in Noida RTO. It was under hypothecation and now loan is closed . Currently I don't live in Noida . Do I need to visit RTO physically for HP termination process.
Ans : Yes. For HP termination process in Noida RTO , physical presence of registered owner is mandatory.
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.
RTO OFFICE NOIDA
Following is the RTO office address in Noida :
RTO office Noida, UP16
The Regional Transport Officer ( RTO ),
Sector - 32, Opp. NTPC office,
Noida
COST FOR ADDING OR ENDORSING HYPOTHECATION
The cost for HP addition in Noida is :-
500 Indian rupees for motorcycles
A light vehicle costs Rs. 1500.
A medium or heavy vehicle costs Rs 3000
To book order or for any query or concern please speak to one of the consultants over phone or chat. You can also write to us. We will get back to you.
Hypothecation Termination Noida
Looking for RTO hypothecation removal process online in Noida, Itzeazy provides service for Hypothecation termination in Noida. So if you bought your vehicle on finance from bank , HP termination in Noida needs to be done after re-payment of loan . Service of Itzeazy for hypothecation removal in Noida is door step. Car hypothecation removal in Noida is one of the specialized service of Itzeazy. Its important to remove HP from RC in Noida to sell your vehicle or to transfer your vehicle to other state. Upon loan closure Hypothecation closure letter is given by bank . This Hypothecation closure letter is to be submitted to the concerned RTO for Hypothecation removal process from RC in Noida .
Itzeazy has team of expert professionals who helps remove hypothecation from RC online in Noida. The HP cancellation process done online while you sit at your home. Its door step and hassle free service.
Why do we remove hypothecation from RC ?
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.
HYPOTHECATION REMOVAL PROCESS IN NOIDA
Following is the procedure to cancel vehicle hypothecation in Noida :
- The NOC and form 35 should be collected from the bank
- Visit of registered owner to the RTO Noida
- Submission of HP termination documents to the RTO along with requisite fees
- If documents are OK, hypothecation removal will be done from the RTO record and new RC will be issued
DOCUMENTS REQUIRED FOR HP TERMINATION IN NOIDA
Following are the documents required for HP termination in Noida :
- 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
RTO HYPOTHECATION REMOVAL PROCESS IN NOIDA
Itzeazy has following process for Hypothecation removal in Noida
- Requirement understanding of the client
- Sharing of the list of documents required
- 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
- Visit of registered owner to the RTO in Noida
- Time to time update to the client about the progress of the work
- Work completion and dispatch of the document
Visit Required - Yes
Time required - 03 days