The Economic Times

Repaid your car loan but unable to sell? Your vehicle may still be marked as hypothecated to the bank; you need to do this now

Paying your final car loan EMI doesn't automatically make the vehicle legally yours. Hypothecation, where the bank's name appears on your registration certificate, remains until you formally remove it. You must obtain a No Objection Certificate (NOC) and Form 35 from the lender and submit them to the RTO to transfer full ownership.