IS your vehicle under gone for loan? You have completed loan payments successfully. Then you have one more step to de-hypothecate your vehicle from the bank. This is mandatory and useful in future. Unless until you as a vehicle owner completes the process your vehicle will be considered as under the loan only. We provide support to the applicant to remove the hypothecation of the vehicle.
The whole process of De-hypothecation of car & bike will take two phases. In first phase owner of the vehicle should give a filled application form at RTO office.
Once it completed, in second phase needs to start with the assistance of our Motolic professional. He will give guidance to complete the phase.
All these documents need to submit at specified counter by the applicant. Once the document verification complete. In the next phase applicant need to pay the nominal amount for the de-hypothecation process.
In the last phase, smart card of your vehicle RC will sent through post to your residential address after removal of hypothecation. This will be the final stage. After this phase your vehicle is your own. There is no bank or finance in the name your vehicle.
With maintaining transparency in the RTO procedures we are at a good level. We will give our best support to get any RTO related services done in a proper manner.
How many days it takes to get this done?
15- 20 Days
Does customer have to go to RTO?
No
Number of visits you will have to make to RTO?
0
