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8 month old punto MJD emotion for sale

Discussion in 'TFI Classifieds' started by guru121, Mar 29, 2014.

  1. sine04

    sine04 Regolare

    Messages:
    275
    Mysore/Bangalore, Karnataka.
    Mysore/Bangalore, Karnataka.
    Fiat Enthusiast
    For rent??

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  2. Vighnesh81

    Vighnesh81 Novizio

    Messages:
    40
    Pune, MH
    I think you need to close the loan to get NOC from RTO. or else you can transfer the loan who will purchase the vehicle.


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  3. ghodlur

    ghodlur Esperto

    Messages:
    2,319
    Thane
    Good question. I dont have the correct answer as of now but will find out. My guess is there should be a provision to transfer the car with hypothecation provided the bank which has provided the loan should have a branch in the new RTO jurisdiction. The bank can pass the loan liabilities to the new branch so that in the hypothecation papers submitted to the new RTO will have the correct branch details.
    2 people like this.
  4. Iluvpunto

    Iluvpunto Amatore

    Messages:
    169
    Chennai
    Hi Vighnesh,

    The problem here is that I dont want to sell my car. If I am moving out of my current city and state, without pre-closing the loans, what are my options ??

    - - - Merged Post - - -

    Thanks for that ghodlur. A confirmation on the same and I will be greatly relieved.
    1 person likes this.
  5. Vighnesh81

    Vighnesh81 Novizio

    Messages:
    40
    Pune, MH
    That has to check with the RTO agent. Will check and let u know.


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  6. Vighnesh81

    Vighnesh81 Novizio

    Messages:
    40
    Pune, MH
    You can move with your car out of state without any hesitation keeping your current loan in the same bank.


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  7. ghodlur

    ghodlur Esperto

    Messages:
    2,319
    Thane
    Correct, but provided at different branch coz in case of hypothecation removal a visit to original bank branch for documentation will be a headache.
  8. Vighnesh81

    Vighnesh81 Novizio

    Messages:
    40
    Pune, MH
    Right...


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  9. pushkaraj

    pushkaraj Amatore

    Messages:
    107
    Pune
    You can get NOC while car is under hypothecation.

    1. Inform Bank that you are moving to diffrent city
    * Bank will ask for address proof for that city
    * They may move your loan account to that city branch
    2. Get Sign and seal of the bank on form 28
    3. Sumbit that in RTO , you will get NOC from RTO but hypothetication will stay
    4. In future if you repay loan , you dont need to interact with old RTO but to the new one where your car is moved.

    2 people like this.
  10. Iluvpunto

    Iluvpunto Amatore

    Messages:
    169
    Chennai
    Perfect thats what I wanted to hear. Hope the "They may move" factor is in my favour.

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