Now No Need To Take NOC For Bike, Scooter or Car Bought In Finance / Loan | No Hypothecation Loan

Hypothecation is the process wherein you pledge the ownership of your vehicle to the lender. Once you take a vehicle loan, the hypothecation request is submitted to the regional transport officer with the loan details. Even though the vehicle's ownership remains with the lender, your name and address are mentioned in the vehicle's RC book. It means you will be legally liable for everything related to the vehicle.

Now some banks is offering two-wheeler loans without the need for hypothecation of vehicle to the financier over the tenure of the loan. The borrowers can choose from 3 different EMI tenures – 6, 12 and 18 months – with interest rates between 7.99 per cent and 8.99 per cent

Currently, two-wheeler financiers transfer the title of the vehicle to the customer only when the entire loan amount is repaid. This leads to additional paperwork and puts financial burden on the customer.

In No Hypothecation Scheme Loan, after the payment of all EMIs, you do not have to take the NOC (No Objection Certificate) of your vehicle.

L&T Finance Launches Hypothecation-Free New Two-Wheeler Loan Scheme

#AutomobileVehicle #Loan #Finance

My Moto Vlogging Gears :

1. My Vlogging Camera (GoPro HERO9 Black) : https://amzn.to/2MUeDHq

2. Mic (Kodak M11) : https://amzn.to/3qskRNl

3. Mic (Boya BYM1) : https://amzn.to/3pRxscL

4. Go Pro Accessories (61 in 1 Action Camera Accessories Kit) : https://amzn.to/39IX06d

5. Helmet (Steelbird SBA-1) : https://amzn.to/36GA7OK

6. Helmet (Studds) : https://amzn.to/3cFrBnh

7. SanDisk Extreme uSD Memory Card : https://amzn.to/3oLhMGM

8 . GoPro Hero 9 Media Mod : https://amzn.to/3qrcwts

9. Riding Gloves 1 : https://amzn.to/3gEnmrK

10. Riding Gloves 2 : https://amzn.to/3nf5Wos

11. Riding Face Mask : https://amzn.to/3hcEl4U

12. My Bike :    • Why Did I Buy BMW G 310 R? | BMW G 31...  

My Studio Gears :

1. My Camera (Canon 200D) : https://amzn.to/3qsn0sm

2. Tripod (Digitek) : https://amzn.to/2NAjQUQ

3. Mic (Boya BY M1) : https://amzn.to/3pRxscL

4. Studio Light : https://amzn.to/3aqCzvc

Join my channel and become a member :    / @mechanicaltechhindi  

The wait is finally over. I am here with YouTube's very first Automobile & Mechanical Engineering Channel in HINDI.
In this channel i will upload videos related to automobile and mechanical engineering topics such as engine, I C engine, Cars, Motorcycles, Production, HMT, Thermodynamics, FM, CAD/CAM etc.

So subscribe my channel and learn everyday

Follow me on twitter: ⤵
  / dashingdanish11  

Add me on Facebook: ⤵
  / danish.ali.754  

Follow channel on Instagram: ⤵   / mechanicaltechhindi  

Contact me: ⤵
[email protected]