Hypothecation Entry in India at Motolic

If you have taken out a loan on your vehicle while purchasing it and the Bank has completed the bank loan payments procedure to the dealer. You have one more step to complete. Entry of hypothecation on your car or bike where RTO system will be updated with Bank name who have provided the loan. This is mandatory and useful in the future

RTO and submit a proof of it to get money released to the seller. We provide support to the applicant so that he can add the hypothecation to your vehicle.

Steps to apply for Hypothecation Entry:

• Upload required documents online or through mail and send your original document via post.
• Pay Motolic service charge online
• Visit the RTO and meet the Motolic executive for further process.
• Get your RC within 10-15 working days.

FAQ

What is the full process?

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.