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Loan and State transfer

Discussion in 'Insurance & Loan Reviews' started by shashanknathani, Mar 4, 2011.

  1. shashanknathani

    shashanknathani Superiore

    One of my friend, a Punter is moving out of Hyderabad to Mumbai...
    He has taken the car Loan from ICICI for 5 years tenure.
    Presently he has completed 8 months installments and now he got transferred to Mumbai.
    He wants to take his car with him to Mumbai with all paper work in place.
    Now he has two issues:
    1. What should he do with the Loan, he is not in a state to repay it completely, can he get it transferred to Mumbai loan office from Hyderabad loan office. Does it involves any payment.
    2. Is it advisable to get the car transferred to Maharashtra or just pay the road tax and enjoy.
    3. What all documents does he require to take it from RTO here at Hyderabad to make things easy for him @ mumbai
    4. He has 7 online challans on his car which he has not paid. Should he pay the challans, will they create a fuzz in transition.

    Please help...

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