If you have purchased a vehicle using a loan from a bank, NBFC, or financial institution, the financier's interest must be officially recorded in the vehicle's Registration Certificate (RC). This process is known as Hypothecation Addition.
Hypothecation is a legal endorsement on your Registration Certificate indicating that your vehicle is financed by a bank or financial institution. While you remain the registered owner, the financier has a legal interest in the vehicle until the loan is fully repaid. The hypothecation entry is mandatory for financed vehicles and must be recorded in the RC.
Moventra247 simplifies the entire process by helping you prepare the required documentation, verify compliance, and coordinate with the concerned RTO to ensure a smooth and hassle-free experience.
Documentation may vary depending on the State RTO and financing institution.
Official RTO application forms — download, fill, and our team will guide you on submission.
Contact Moventra247 through the website, phone, Instagram or WhatsApp and select Hypothecation Addition as the required service.
Provide vehicle registration number, vehicle type, registered owner's name, registering RTO, bank/NBFC/financier name, loan account or agreement details and date of loan approval.
Share the RC, Form 34 signed and stamped by owner and financier, loan sanction letter, financier's hypothecation request letter, insurance, PUC, identity and address proof, and company documents for corporate-owned vehicles.
Our team verifies vehicle and owner details, the financier's name and authorization, signatures and seals on Form 34, insurance and PUC validity, RTO jurisdiction, and outstanding challans or statutory dues.
If any document, signature, financier confirmation, declaration, or supporting proof is missing, our team informs you before the application is submitted.
Moventra247 prepares the prescribed forms, declarations, supporting documents, and complete hypothecation-addition application package.
The applicable government fee, smart-card charge, service fee, or other statutory charge is paid as required by the concerned RTO.
The completed application is submitted to the RTO where the vehicle is registered, subject to the applicable online or offline process.
The RTO verifies the vehicle records, owner details, loan documents, and financier's consent. A personal visit, biometric verification, or production of original documents may be required in certain cases.
Moventra247 tracks the application and provides status updates throughout the process.
Once approved, the bank, NBFC, or financier's interest is added to the official vehicle registration record.
An updated RC showing the financier's hypothecation endorsement is issued in the applicable digital, smart-card, or physical format.
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