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 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.

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

APPLY FOR HP TERMINATION

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.

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.

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 makes HP Termination process faster

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