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

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 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 Pune

Following are the RTOs in Pune :

PUNE RTO (MH12)
38. Dr. Ambedkar Road,
Near Sangam Bridge,
Pune 411 001

PIMPRI CHINCHWAD (PCMC MH14)
Pimpari - Chincwad
Near Town Planning Pradhikaran,
Nigdi, Pimpri - Chinchwad.
Pune - 411019.

Application for hypothecation removal should be submitted to the RTO where vehicle is registered.

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.

I am shifting from Pune to Bangalore . There is hypothecation on my vehicle . I want to apply for NOC to transfer my bike to Bangalore . Is it necessary to remove hypothecation ?

Ans : There can be two scenario :

Loan is repaid fully - Go for HP cancellation and NOC from Pune to Bangalore
Loan is continuing - Get the loan continuation letter from Bank and apply for NOC for the bike from Pune to Bangalore with loan continuation

I bought my car on loan and its registered in Pune RTO . Currently I don't live at the address mentioned on the RC book . What should I do ?

Ans : In Pune RTO , RC gets delivered by post to the address mentioned on the RC after hypothecation removal process . So , ensure that someone can receive your RC at the registered address . Or else you can go for address change on RC along with HP termination .

My vehicle registered in Pune RTO . Currently I am living in Pimpri chinchwad area . Can I submit HP termination documents at Pimpri Chinchwad RTO ?

Ans : Application for hypothecation removal should be submitted only to the RTO where the vehicle is registered . So if your vehicle is registered at Pune RTO, application should be submitted to the Pune RTO only.

Can I remove hypothecation from my bike online which is registered at Pune RTO ?

Ans : Government process for hypothecation removal is not online in Pune . Its offline process . However, Itzeazy provides online service for hypothecation removal from RC in Pune and Pimpri Chinchwad area .

How can I endorse the hypothecation of vehicle in Pune?

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)

There was hypothecation on my car which I re-paid 2 years back . I got loan closure letter from the bank. The validity of it is expired. Can I apply for hypothecation termination with this expired paper ?

Ans : To apply for vehicle hypothecation cancellation, in general loan closure should be valid. Some RTOs accept expired loan closure letter . For detail info on this Pls speak to our team they will guide you.

I have lost RC of my car. There is hypothecation on my car. Do I need consent from bank while applying for duplicate RC?

Ans : To apply for duplicate RC, consent of bank is required on form 26, if vehicle is hypothecated to the bank.

Is hypothecation removed automatically?

Ans : No. Hypothecation is not removed automatically. Bank issues NOC certificate and form 35 set for vehicle loan closure. Application for hypothecation removal should be submitted in the concerned RTO for HP termination from the RTO record.

How to check if RC has hypothecation?

Ans : The status of hypothecation can be checked from Parivahan website . If vehicle has a loan it would be shown as financed from the bank.

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.

hp termination IN Pune

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 Pune 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 PUNE

If you have bought your vehicle through loan from bank or financial institution, hypothecation from RC should be removed , once you re-pay loan completely . After closure of the loan, bank provides form 35 & NOC .

Following are the steps involved in hypothecation removal from RC in Pune

Arrange form 35 & NOC from the bank or the financial institution
Get the signature of registered owner on the form 35
Submit application along with supporting documents and original RC to the concerned RTO where vehicle is registered
Deposit the requisite government fees to the RTO office
Process for HP deletion takes approx 1 month time
After work completion RC will be dispatched to the address of the registered owner by post

To download the form 35 , please visit https://www.itzeazy.com/rto-forms.html

DOCUMENTS REQUIRED FOR HYPOTHECATION termination IN PUNE RTO

Following are the documents required for hypothecation removal in Pune RTO :

Form no. 35 duly filled (Photograph of applicant, thumb impression, duly attested by notary or by any other authorized person on (form 34 or 35)).
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
Attested cop of PAN card or Form 60 and Form 61 (as applicable)
Aadhar card of registered owner
2 Nos. of pencil impression of chassis no. on a plain paper

HOW TO APPLY FOR HYPOTHECATION TERMINATION ONLINE WITH ITZEAZY

Itzeazy provides door step service for hypothecation termination from RC book in Pune . Following are the steps involved in online service of Itzeazy :

Tell the service representative of itzeazy your exact requirement
Itzeazy team will share required documents list over mail based on your case
Advance payment is to be made by the client
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
During entire process we keep you updating about the progress of the work. All the above steps will be carried at our self serving portal https://itzeazy.in/ . You will get regular updates on the same portal along with updates over mails and SMS.

Visit required - No

Time required - 15 days

Hypothecation Termination in Pune

Do you want to apply for hypothecation termination in Pune ? Itzeazy provides service for HP termination in Pune. So if you bought your vehicle on finance from bank , hypothecation cancellation in Pune needs to be done after re-payment of loan . Itzeazy Provides RTO hypothecation removal process online in Pune. Car hypothecation removal in Pune is one of the specialized service of Itzeazy. Its important to remove HP from RC in Pune to sell your vehicle or to transfer your vehicle to other state. Upon loan closure HP 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 Pune .

Itzeazy makes HP Termination process faster

Itzeazy has team of expert professionals who will help removing hypothecation from RC online in Pune. The HP cancellation process done online while you sit at your home. Its door step and hassle free service.

APPLY FOR HP TERMINATION

​why to remove Hypothecation From RC