How to check hypothecation cancellation online
Hypothecation of a vehicle
Whenever a person purchases a vehicle then he or she purchases it either on loan or by making full payment.
So, whenever you are buying a vehicle on a car loan you will have to make the vehicle registration at the local Regional Transport Office (RTO) in your name and also the RC. Then, until your payment is fully made the car’s ownership will be with the bank.
How to check Hypothecation cancellation of a vehicle
If you want to remove Hypothecation from your vehicle then you must submit all the necessary documents at RTO and complete all the necessary steps. Now, we will learn all the steps which are required to check the Hypothecation online.
Step 1: Visit the Parivahan website. Log in to the website and fill in your application number which you have got earlier.
Step 2: Now fill in all the details and then a tab will open with the name “application status” and here you must enter the specific information and click the submit button. Here you will receive all the information regarding your vehicle. If the application status shows ‘in process’ then you have to wait for a couple of days to get it completed.
Step 3: If the application status shows ‘not processed’ then there is a possibility that there might be an issue with your documents. In this case, you must visit the RTO office or contact them. There are very minimal chances of getting this notification.
Documents required for the hypothecation removal
- Original Registration Certificate (RC)
- Original bank number objection certificate (NOC)
- Valid insurance certificate
- Copy of PAN card
- Original FORM 35 (two copies and both have to be signed by the bank as well as the owner)
- Two copies of the Pollution Under control certificate (PUC)
- Copy of address proof
- Print of the payment receipt
