Procedure to cancel hypothecation of Vehicle bought by loan/finance
I had vehicle loan in Sundaram finance, I closed the loan and got the necessary documents from them. What is the Procedure to cancel Hypothecation now?
You must have received Form 35 and No Objection certificate from Financier,Â take this along with Original RC and Xerox copy of Insurance to RTO, between 9.30am to 12.30pm.Â Rs.125/- is the fees to be paid.Â Go after 3 days at 3.30pm and collect it.
Take pollution control certificate.
Make sure that you have local seal from your financier(if you received your closure doc through mail, make sure that your RTO and form 35â€™s seal are form same region. Else you need to get a seal form local branch.