Tuesday, 28 February 2017

Hypothecation Removal for Car in Telangana state

I am sharing my experiences for removal of Hypothecation from Car Registration Certificate. This was done in Kukatpally RTA (Unit Office), Hyderabad in August 2016 and most probably should be the same across other RTA offices in the state.




Documents Required:


1. Covering Letter Issued by the Financier (Optional)
2. NOC (signed and Stamped by Financier) - one which is addressed to RTO. NOC can also be referred as No Dues Certificate.
(NOC is generally valid for 3 months from the data of issue. Please check the validity on the NOC.)
3. Form 35 in duplicate (signed and Stamped by Financier). Ensure to put Owner Sign in Form 35.
4. Loan Account Statement (signed and Stamped by Financier)
5. Original RC Certificate (put in a small transparent cover)
6. Insurance Certificate (photocopy)
7. Pollution Under Control Certificate (photocopy)
8. ID and Date of Birth Proof (photocopy) duly signed by the Applicant.
9. To be on safer side, take the Originals of all the photocopy documents.


Documents Gathering:


Within 20 days of last repayment of Loan EMI, got the below through post:
1. Covering Letter mentioning details of the Closure of Loan and below attachments.
2. Two NOCs (printed on the same page) - one to RTO and other to Insurance.
3. Form 35 (Two copies printed on the same page.)

4. Took a photocopy of all the above 3 documents. (For a record, as the Originals will be handed over at the Counter)

5. Requested for Loan Account Statement through Email and got the PDF within 2 Working Days.
6. Have taken the following for proofs - ID = Aadhaar, DOB = PAN.

Process:

1. Booked an online slot for Hire Purchase Termination (required for all RTA Telangana services from 2-Aug-2016).
Telangana Transport Online Services
2. Paid the required fee through mee seva (online payment can also be done after slot booking).

3. Kukatpally RTA (Unit Office) - Went to Counter 2 and submitted the documents and he handed over a receipt and asked to take photo in next counter.
4. In the next counter - Photo, Signature and Finger Print, are taken.

5. That is it. Received new RC within 10 days through post.
6. Ensure to check the details and removal of Hypothecation on the back side.

Hypothecation Removal from Car Insurance Policy:

1. After receiving your new RC, contact your Insurance Agent or Customer Care for Hypothecation Removal in Insurance Certificate.
2. Mostly, you would be required to send an E-Mail with your Policy number and scanned copy of your new RC.
3. Within 10 days you should be getting copy of Endorsement Receipt of Removal of Financier to your E-Mail.
4. Carry this receipt along with your Insurance papers.

Hope this finds helpful to some of you.


72 comments:

  1. Thank you this information helps a lot

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  2. thanks a ton for the information. You are the saviour.. :-)

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  3. thank you brother. you helped me for clearing this issue.
    i went to rto office but no one helped. really i felt very sad.
    now im relaxing brother with your suggestions and experience. tnx a lot brother.

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  4. Very clear and explained neatly.. Thanks

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  5. Thanks for sharing your experiences and creating awareness. Procedures like these seem to be very tedious when we do not know the exact way to do. I have shared this blog to few of my friends who found it very useful.

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  6. Thank a lot Sir for information,It helps me a lot.

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  7. Could you please help me with the NOC format, as well Do I need to have statement for Loan Account ?
    Thanks

    ReplyDelete
    Replies
    1. Thank you for writing. I was asked to get the Loan Account Statement by the RTO office, so had to request for it from my Bank. Below is the NOC format that I received. But it might be different for yours, so please check.

      Heading as "No Objection Certificate"

      Date:
      To,
      RTO
      RespectiveRTOOffice

      Sub: Termination of Loan Agreement Number: AccountNumber
      Customer Name:

      Sir,

      We hereby confirm that the loan agreement entered into between FinancierName and the above mentioned customer, has been terminated. We request you to remove the hypothecation of FinancierName on the said vehicle, the details of which are furnished below:

      Vehicle Registration Number:
      Engine Number:
      Chassis Number:

      This No-Objection Certificate is valid only for three months from the date of issue.

      Thanking you,
      For FinancierName,

      Authorised Signatory

      Delete
    2. Thank You for the template and such detailed information..!!

      Delete
  8. right procedure explained..thank you

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  9. Thanks a lot for the information. That was so helpful. You rock.

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  10. Thanks a lot for the information.. it helped a lot and the process was smooth at the RTO.

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  11. Great information bro. My car is also registered at Kukatpally RTO. It has been 8-9 months since I closed my loan account statement. As my bank is SBI I didnt get any of these letters over email. I shall visit the branch and collect them.

    Can you please advise what is Coverring Letter Issues by Financer?

    Assuming that http://transport.telangana.gov.in/html/form35.htm is the link to Form 35 for Telangana RTO (If feasible advise the mandatory sections to be filled)

    You are a life saver :)

    ReplyDelete
    Replies
    1. Covering Letter has details of the Loan Account Number, Uncashed Post Dated/Security Cheques, Issue of No-Objection Certification and Form-35. All these sections are explained in detail and the Helpline Mails and Contact numbers in case you need to revert with any queries.

      For Form-35, the following fields are required:
      Vehicle No.
      Engine No.
      Chassis No.

      Signature of the Owner and Financier. Financier should also have stamp.

      Sorry for the delayed reply. I hope you have enough info to go forward.

      Delete
  12. Hi, I need to change the address as well along with hypothecation removal from RC.Earlier my RTO was KPHB but after changing to new address in lingampally, my new RTO seems to be Attapur. Please advise where to go and fees for this.

    ReplyDelete
    Replies
    1. I am not sure of how it works in your scenario. May be you need to first remove your Hypothecation and then apply for change of RTO. But please check with the Helpdesk available at the KPHB RTO

      Delete
    2. Hi Amit, i have the same problem, current RTO is KPHB and new address is Hafeezpet which comes under Kondapur. i want to change the adress along with hypothecation. can you tell me how did you changed?

      Delete
  13. Thanks for the detailed information

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  14. Very very useful. Ideally this sort of detail should be in out transport site. Thanks a lot

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  15. Hi Karthik,

    Thanks for the valuable suggestions. But while booking slot, the website is asking for mobile number of the financier. As you know the companies only have land line numbers. The website is not accepting land line numbers. Can you suggest a way out please.

    ReplyDelete
  16. Hi Karthik,

    Thanks for the valuable suggestions. But while booking slot, the website is asking for mobile number of the financier. As you know the companies only have land line numbers. The website is not accepting land line numbers. Can you suggest a way out please

    ReplyDelete
  17. Hi Karthik,

    Thanks for the valuable suggestions. But while booking slot, the website is asking for mobile number of the financier. As you know the companies only have land line numbers. The website is not accepting land line numbers. Can you suggest a way out please

    ReplyDelete
    Replies
    1. Try to give the landline number with STD code (without 0) so it matches the 10 digit format.

      Delete
    2. This does not work either, however call up the customer care of financier and they will give mobile number.

      Delete
    3. heked with RTA off...they suggested to give ur mobile number

      Delete
  18. Thanks a ton boss....we need people like you, its painful to get work done from govt. offices even the basic information.

    ReplyDelete
  19. Thanks a lot boss. I could complete the formalities with this info... Keep continue the good work..

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  20. Thanx Bro, well explained and helpful.

    ReplyDelete
  21. hi friends can somebody help me .
    how to know the status of application.

    ReplyDelete
    Replies
    1. On the RTO page, you can go to "Document Delivery Status"

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  22. I have applied for the termination.

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  23. Thahq bro for this helpful information.This kind of information really avoid frauds.

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  24. My car was financed by Loyed finance in 1993 . Now Loyed finance company is closed. My car RC IS due for renewal.THE FINANCER NAME WAS NOT REMOVED FROM Original RC . PL suggest the way out. RKGUPTA Visakhapatnam
    rkgupta6156@gmail.com

    ReplyDelete
    Replies
    1. I am sorry I don't have the right information for your case. Please contact your nearest RTO

      Delete
  25. while booking the slot application no. is required. from where do you get that

    ReplyDelete
    Replies
    1. call up the customer care of financier and they will give mobile number.

      Delete
  26. Thank you for such an awesome post. It really helped in completing the whole process in just under 15 mins. I was ready with every document that is needed just all because of this one blog. Thank you so much for all your help!!

    ReplyDelete
  27. How much it would cost for the whole process to be completed?

    ReplyDelete
    Replies
    1. It would cost around Rs.500 but please make sure to be aware of the latest user charges. It is almost similar to get a new RC with your Hypothecation removed.

      Delete
  28. My car regn no:AP28 CL 4935, I have submitted all relevant documents related to HP Termination of my car to RTA Kukatpally on 15/6/2018, unfortunately till today ( 24.07.2018) I didnot receive new RC. APPL no : TS208/23042/2018/R Receipt noKPCCO151/53295 DT: 15/6/2018. Request for RTA quick action

    ReplyDelete
  29. My car regn no:AP28 CL 4935, I have submitted all relevant documents related to HP Termination of my car to RTA Kukatpally on 15/6/2018, unfortunately till today ( 24.07.2018) I didnot receive new RC. APPL no : TS208/23042/2018/R Receipt noKPCCO151/53295 DT: 15/6/2018. Request for RTA quick action

    ReplyDelete
  30. who should sign on form 35 the car owner or the loan account holder in my case owner is my wife and loan account is on my name

    ReplyDelete
    Replies
    1. It should be signed by the Registered owner of the vehicle.

      Delete
  31. I have paid the required fees to RTO online but forgot to keep the Insurance copy. They suggested me to modify the online slot but now the website says that I need to pay the money again if I cancel/dont go to RTO on the booking day. Do I need to pay Rs 635 again??

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  32. This comment has been removed by the author.

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  33. This comment has been removed by the author.

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  34. Hi Karthik,

    I entered details on the site for slot booking. Along with the hypothecation removal, since I changed my address, I had to attach Form 33 too. When I booked the slot, it said Late Fee for 8500 Rs. My form 35 is still valid (didnt complete 90 days). Can someone tell me why this Late fee?

    Regards,
    Rajan

    ReplyDelete
    Replies
    1. Rs. 8500 is a hefty amount. Please check with the concerned RTO office.

      Delete
  35. Hi Karthik,

    I have a question, I am about to apply for termination of Hypothecation of my car.

    While booking slot in Telangana kukatpally RTA there is an option called "Is same financer continued"??Yes or no

    What exactly meant for??

    I took my car loan in BOB and completed in 6 month s...
    Please suggest me can i hvae to go with YES or NO

    ReplyDelete
    Replies
    1. I am not sure if you have selected "Termination" because such question wouldn't come if you are ending the financier. Please verify.

      Delete
    2. HI Karthik, i too got the same question and it is asking to pay 635 Rs, but the fees registration says as below:
      Note: No separate fee will be levied for cancellation of lease, etc, or for issue of fresh Certificate of Registration thereafter.

      Delete
  36. RTO Telangana website online registration is having issue. OTP is not receiving on mobile number. Tried with different numbers with out DND registered.

    ReplyDelete
  37. Hi Karthik,

    thank you so much..I followed your instructions and it worked for me..the process you mentioned is still the same..had a hazel free termination of Hypothecation of my car. Thanks again..

    ReplyDelete
  38. Hey, what is covering letter, I have gathered all info and docs and going to RTO tomorrow (31st May 2019), Kukatpally onyl

    ReplyDelete
  39. HI Karthik, i too got the same question and it is asking to pay 635 Rs, but the fees registration says as below:
    Note: No separate fee will be levied for cancellation of lease, etc, or for issue of fresh Certificate of Registration thereafter.

    ReplyDelete
  40. Can I change the address on the RC while I submit the documents for hypothetication removal. New address belongs to a different area but it's in Hyderabad only.

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  41. Whose mobile number should I enter in financier mobile number field , please help.

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  42. In how many days, we will get new RC,im checking the status in online still it showing card not printed even after 5days of submitting documents

    ReplyDelete
    Replies
    1. It took me 10 days to receive the RC after submitting the documents.

      Delete
  43. Can i process termination of Hypothecation and tranfer of vehicle in my spouse name simultaneosly

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  44. What is the charges of HP cancelation LMV car.. Rto tolicwoki

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  45. Thanks for useful information. I am trying to book online appointment, but it is asking for 'Financier Mobile No ' and getting invalid if i put HDFC landline number. Can someone please help on this.

    ReplyDelete
    Replies
    1. One of the readers has pointed out that "cheked with RTA off...they suggested to give ur mobile number"

      Delete
  46. Thanks a lot brother.. i saved my money from the agent / broker after watching this blog post..

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  47. In case of HDFC Bank as your financier, Please use 9177649126 as contact number(Got this number by calling the loan service dept).

    ReplyDelete