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NOC for my loan

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  • #1

    NOC for my loan

    Last month paid the final installment for my bike and got the NOC from the loan provider.

    Can you please let me know what should be the next steps as I can see the lease to my bike is on the name of my loan provider in the RC.

    What process should I follow to get the changes done on my RC and how much would it cost?
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  • #2
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    • #3
      Originally posted by RAK View Post
      What process should I follow to get the changes done on my RC and how much would it cost?
      Get yourself the following documents ready...

      No Objection Certificate (RTO copy)
      Form 35 (check URL - Regional Transport Office Chennai(West), RTO KV Karthalingan, An India's First ISO 9001 - 2000 Certified Transport(Motor Vehicle) Department,Office of the Regional Transport Officer Chennai west, MR.KV Karthalingan RTO West Chennai.)
      RC - Original
      Copy of Driving License, Insurance policy & PUC

      Total cost might not exceed Rs 500 on a straight forward way. Ensure to submit the NOC before it expires.
      Skill is what keeps you on a Motorcycle
      Awareness + Skill is what keeps you out of harm's way
      ATGATT + Awareness + Skill means you might Live To Ride another day

      Comment

      • #4
        Originally posted by aargee View Post
        Get yourself the following documents ready...

        No Objection Certificate (RTO copy)
        Form 35 (check URL - Regional Transport Office Chennai(West), RTO KV Karthalingan, An India's First ISO 9001 - 2000 Certified Transport(Motor Vehicle) Department,Office of the Regional Transport Officer Chennai west, MR.KV Karthalingan RTO West Chennai.)
        RC - Original
        Copy of Driving License, Insurance policy & PUC

        Total cost might not exceed Rs 500 on a straight forward way. Ensure to submit the NOC before it expires.
        Thanks for the info buddy. Any idea how much time this would take?

        Comment

        • #5
          Originally posted by RAK View Post
          Thanks for the info buddy. Any idea how much time this would take?
          Govt work...can be done anywhere between 10 days, 10 months or even 10 years
          Skill is what keeps you on a Motorcycle
          Awareness + Skill is what keeps you out of harm's way
          ATGATT + Awareness + Skill means you might Live To Ride another day

          Comment

          • #6
            Originally posted by aargee View Post
            Govt work...can be done anywhere between 10 days, 10 months or even 10 years
            I see the following details on the RTO website:

            Nature of Job:
            Termination of hire purchase agreement
            Forms:35 (2 nos.)
            Docs:1Request letter from the financier
            2 Insurance certificate
            3R.C
            4T.C
            Class: All
            Fees in RS: 100

            Don't understand what T.C is.
            Last edited by RAK; 11-24-2010, 03:29 PM.

            Comment

            • #7
              Originally posted by RAK View Post
              I see the following details on the RTO website:

              Nature of Job:
              Termination of hire purchase agreement
              Forms:35 (2 nos.)
              Docs:1Request letter from the financier
              2 Insurance certificate
              3R.C
              4T.C
              Class: All
              Fees in RS: 100

              Don't understand what T.C is.
              Transfer Certificate
              ------------------------------------------------------------------------------------------------
               A bike on the road is worth two in the shed
              ------------------------------------------------------------------------------------------------
               Young riders pick a destination and go... Old riders pick a direction and go

              Comment

              • #8
                Originally posted by Centaur View Post
                Transfer Certificate
                Hey I dont I have any Transfer Certificate. Let me check the forms which I got from my loan provider. BTW who provides this TC?

                Comment

                • #9
                  What's Transfer Certificate? I haven't heard about it other than schools!!!

                  @RAK - no point discussing all the minutest of the things in the forum, you SHOULD make atleast 3-4 trips to RTO to get things moving unless you're getting it done through driving school.

                  But since you've got first hand info here, you should be able to get things done without the fear of someone taking you for a ride.
                  Skill is what keeps you on a Motorcycle
                  Awareness + Skill is what keeps you out of harm's way
                  ATGATT + Awareness + Skill means you might Live To Ride another day

                  Comment

                  • #10
                    Originally posted by RAK View Post
                    Hey I dont I have any Transfer Certificate. Let me check the forms which I got from my loan provider. BTW who provides this TC?
                    AFAIK, you get the form from the RTO and then you get it stamped/ signed/ filled by the insurer and then you take it back to the RTO to complete the tranfer procedure -- at least that was the procedure in Mumbai around 6 years ago -- correct me if I am wrong guys

                    (Wonder why the insurer doesn't give a filled in tc in the first place )
                    ------------------------------------------------------------------------------------------------
                     A bike on the road is worth two in the shed
                    ------------------------------------------------------------------------------------------------
                     Young riders pick a destination and go... Old riders pick a direction and go

                    Comment

                    • #11
                      Originally posted by aargee View Post
                      What's Transfer Certificate? I haven't heard about it other than schools!!!

                      @RAK - no point discussing all the minutest of the things in the forum, you SHOULD make atleast 3-4 trips to RTO to get things moving unless you're getting it done through driving school.

                      But since you've got first hand info here, you should be able to get things done without the fear of someone taking you for a ride.
                      Very true

                      As for the Transfer Certificate, when my loan agreement was terminated, I got all the documents from the insurer and went to the RTO to complete the cancellation of the hypothecation and was told to get a TC/ NOC form from the RTO, I forget the number of the form, and get it signed and submit it back to the RTO.

                      At least that was the procedure here
                      ------------------------------------------------------------------------------------------------
                       A bike on the road is worth two in the shed
                      ------------------------------------------------------------------------------------------------
                       Young riders pick a destination and go... Old riders pick a direction and go

                      Comment

                      • #12
                        Originally posted by Centaur View Post
                        Very true

                        As for the Transfer Certificate, when my loan agreement was terminated, I got all the documents from the insurer and went to the RTO to complete the cancellation of the hypothecation and was told to get a TC/ NOC form from the RTO, I forget the number of the form, and get it signed and submit it back to the RTO.

                        At least that was the procedure here
                        My insurer has provided me one stamped & signed form other than the NOC. I didn't see it closely....will check it today.

                        @aargee: I know that from now onwards atleast till I get my new RC I need to run after them. But atleast I wont pay anyone other than the fees.

                        Whether it may take 2 or 3 trips I will do it myself.
                        Last edited by RAK; 11-24-2010, 04:19 PM.

                        Comment

                        • #13
                          A thread on Team-BHP lists the procedure to get it done. Here it is: ARTICLE: RTO Hypothecation Removal Process - Step by Step Guide - Team-BHP

                          @Mods: If posting links from other forums in not permissible, please delete this post.
                          | '91 Yamaha RX100 | '08 Suzuki Swift | '08 Honda Dio | '09 Bajaj Pulsar 220F |

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                          Comment

                          • #14
                            Originally posted by Alibaba View Post
                            A thread on Team-BHP lists the procedure to get it done. Here it is: ARTICLE: RTO Hypothecation Removal Process - Step by Step Guide - Team-BHP

                            @Mods: If posting links from other forums in not permissible, please delete this post.
                            Thanks buddy.

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