VEHICLE LOAN NOC / HYPOTHECATION TERMINATION LETTER
Ludhiana, 3 April 2026
To,
Sukhdev Singh Bajwa
Rajwinder Kaur Bajwa
House No. 77, Civil Lines, Ludhiana 141001
Also for production before the Registering Authority named in paragraph 4 below.
SUBJECT: No-objection to termination of hypothecation over Vehicle bearing registration number PB03 CK 5541 — Loan Account No. HDFCAUTO0041178
Dear Sir / Madam,
- 1. THE LOAN
1.1 You availed a loan from HDFC Bank Limited, a banking company within the meaning of the Banking Regulation Act, 1949, of SCO 12-13, Feroze Gandhi Market, Ludhiana 141001 (the "Financer"), under Loan Account No. HDFCAUTO0041178 (the "Loan"), against hypothecation of the Vehicle described in paragraph 2 below.
- 2. THE VEHICLE
2.1 Make and model: Hyundai Creta SX, diesel. Registration number: PB03 CK 5541. Chassis number: MALBM51BLNM112233. Engine number: D4FE9876543.
2.2 The Financer's hypothecation over the Vehicle was endorsed on its Registration Certificate on 1 April 2026.
- 3. CLOSURE OF THE LOAN
3.1 The Borrower has repaid the entire amount due under the Loan, together with interest and other charges, and the Loan Account stands closed with no amount outstanding.
3.2 The Loan stood closed, with no amount outstanding, with effect from 2 April 2026.
- 4. NO-OBJECTION
4.1 The Financer has no objection to the hypothecation over the Vehicle being terminated and removed from its Registration Certificate, and confirms that the Financer holds no further claim, charge or interest of any kind over the Vehicle.
4.2 This Letter may be produced before SDM-cum-Registering & Licensing Authority, Ludhiana (West) in support of an application to record termination of the hypothecation.
- 5. FORM 35 AND THE RTO PROCESS
5.1 This Letter is a covering confirmation and no-objection. It is not itself Form 35 prescribed under the Central Motor Vehicle Rules, 1989, and does not replace it — the Registering Authority requires Form 35 to be separately signed by both the registered owner and the Financer, or its authorised officer, before the hypothecation entry is removed. The Financer shall sign Form 35, or any further specific letter in the form the Registering Authority prescribes, on request.
5.2 A fee fixed under Rule 81 of the Central Motor Vehicle Rules, 1989 is payable to the Registering Authority for recording termination of the hypothecation. That fee is revised from time to time by central notification and is payable at the counter or through the Parivahan portal, and not to the Financer.
- 6. WHAT THIS LETTER DOES NOT DO
6.1 This Letter confirms closure of the Loan and gives the Financer's no-objection to removal of the hypothecation entry. It does not discharge the Borrower from any obligation to the Financer other than the Loan, does not affect the insurer's own record of the Financer's interest in the Vehicle — which the Borrower should separately have updated with the insurer — and does not itself transfer ownership of the Vehicle to any other person.