Paying off a car loan has always been a significant milestone for vehicle owners. Traditionally, after repaying a car loan, updating the Registration Certificate (RC) to remove the financier’s name required a physical visit to the Regional Transport office (RTO). This process was often time-consuming and involved paperwork verification.
What Has Changed?
The Ministry of Road Transport and Highways (MoRTH) has now simplified the process by allowing RC updates online. Vehicle owners no longer need to visit the RTO in person. After the full repayment of the auto loan, the financing bank or lender must issue a No Objection Certificate (NOC), which can now be uploaded through the Parivahan Sewa portal.
Steps to Update RC Online
1. Obtain NOC from the Lender: After clearing the loan, request the NOC and a copy of Form 35 or loan closure certificate from the bank.
2. Visit Parivahan Portal: Go to the official Parivahan Sewa website.
3. Fill RC Update Form: Select the option for ‘Change of Ownership / Hypothecation Removal’ and upload the NOC along with identity proof and other required documents.
4. Pay Fees: A nominal fee may apply for RC modification.
5. Download Updated RC: Once verified, the updated RC can be downloaded online, reflecting the removal of the financier’s name.
Benefits of Online RC Update
· Convenience: No need to stand in long queues at the RTO.
· Time-Saving: The process can be completed within a few days instead of weeks.
· Transparency: wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital tracking of application status is available.
· Eco-Friendly: Reduces paperwork and physical visits.
Points to Remember
· Ensure all loan clearance documents are genuine and properly signed by the lender.
· Some RTOs may still request physical verification if there are discrepancies.
· Keep wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital copies of all submissions for future reference.
Conclusion
With this move, MoRTH has made life easier for car owners, ensuring a smooth transition from financed to fully owned vehicles. This initiative is a step toward a digital and hassle-free vehicle ownership experience, aligning with India’s push for online government services.
Disclaimer:
The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.
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