Car loan paid off : some questions

meerkat · 3rd March 2008, 12:06

Final instalment of my ICICI bank car loan is supposed to be debited
through ECS early March (yeah, I did go for ICICI bank loan, and ECS
too, but that was before I knew any better (through team-bhp, of course)).

ICICI bank says the NOC will come from Mumbai by the 18th (I really
hope it does), and it will be mailed to my address after that. I could
pick it up in person by going to a branch, but they'll charge me 100 bucks
for the privilege !

I've learnt that, after I get the NOC, I'd have to go to the RTO to get my
RC book corrected. How long does that process take ?

The problem is, I'm moving to WB from BLR the last week of March,
and this doesn't leave me with much time. The question is, since (as I
understand) I'll have to re-register my car in WB anyway, could I just do
the correcting of the RC book there, or must I do that in BLR itself
before I leave ? Also, if the NOC arrives too late, could I get it sent by
ICICI to my WB address, or would that create complications ?

Looking forward to inputs from experienced members. Thanks a lot.

praJEEP · 3rd March 2008, 12:38

My replies in Bold....

Quote:

Final instalment of my ICICI bank car loan is supposed to be debited
through ECS early March (yeah, I did go for ICICI bank loan, and ECS
too, but that was before I knew any better (through team-bhp, of course)).

ICICI bank says the NOC will come from Mumbai by the 18th (I really
hope it does), and it will be mailed to my address after that. I could
pick it up in person by going to a branch, but they'll charge me 100 bucks
for the privilege !

No as i have earlier collected my noc's by going directly to the branch i was not charged 100rs please re confirm.

I've learnt that, after I get the NOC, I'd have to go to the RTO to get my
RC book corrected. How long does that process take ?

It actually takes 1or 2 days max, Just carry your original photo identity & signature proof for safer side when you go. in which RTO is your car registered ? if you know some one in RTO things would be rather easy.

The problem is, I'm moving to WB from BLR the last week of March,
and this doesn't leave me with much time. The question is, since (as I
understand) I'll have to re-register my car in WB anyway, could I just do
the correcting of the RC book there, or must I do that in BLR itself
before I leave ? Also, if the NOC arrives too late, could I get it sent by
ICICI to my WB address, or would that create complications ?

No removal of hypothication cannot be done in WB, since it's a bangalore registered car you must do the need full before you leave bangalore. to makes things easier please go to nearest icici bank and get the noc ( instead of waiting for the courier) if you want the noc to be sent to your WB address you should have called up icici customer care 41131877 and updated your residential address before your last emi clearence. i think it's late now.

meerkat · 5th March 2008, 07:39

Thanks for the help, praJEEP.

My regn. is for KA04, don't know which RTO that is (Yeshvantpur ?).
Don't know anyone in the RTOs either, -- shall have to try myself.
Sounds like I can only hope that the noc will arrive in time !

Sks_Biker · 5th March 2008, 07:44

KA 04 is Bangalore North RTO in Yeshwantpur. Better get the RC book fixed before moving to WB.

suvi · 5th March 2008, 10:27

Also remember to get it changed in the Insurance. that is relatively straightforward and will be over across the counter, once you show the RC book endorsement.
I got the work done through AASI. i recommend people to take AASI (WIAA or whatever) membership. it is fun to get the work done by paying only the specified fees and not interacting with RTO folks

rajesh1868 · 5th March 2008, 12:12

Quote:

Originally Posted by suvi

Also remember to get it changed in the Insurance. that is relatively straightforward and will be over across the counter, once you show the RC book endorsement.
I got the work done through AASI. i recommend people to take AASI (WIAA or whatever) membership. it is fun to get the work done by paying only the specified fees and not interacting with RTO folks

its off topic . but what is AASI / WIAA?

suvi · 5th March 2008, 12:34

@rajesh1868 well updation of Insurance is within the topic (it needs to be done after loan is closed)

AASI is Automobile Association of South India. WIAA is Western India Automobile Association. There should be similar associations for North and East too. With their membership, you can get services such as Hypothecation removal from RC book, change DL to reflect your new address, Re-Registration/NOC in case of inter-state transfers etc. they help you with towing your vehicle to nearest garage in any corner of India should you need it. they even used to provide drivers before on daily basis.
I don't want to market them anymore, you can check their website

meerkat · 5th March 2008, 13:41

Quote:

Originally Posted by suvi

AASI is Automobile Association of South India. WIAA is Western India Automobile Association. There should be similar associations for North and East too. With their membership, you can get services such as Hypothecation removal from RC book, change DL to reflect your new address, Re-Registration/NOC in case of inter-state transfers etc. they help you with towing your vehicle to nearest garage in any corner of India should you need it. they even used to provide drivers before on daily basis.

This is very interesting information. Does anyone know the name/
website of the east & north India associations ? I guess it's too close
for me to register with the AASI and get the benefit. However, I'd like to
join the eastern India association at some point after my move.
Thanks a bunch for all the info.

Zappo · 5th March 2008, 13:58

The kolkata equivalent of AASI will be AAEI. Their main office is in Ballygunj Circular Road IIRC. They also have another office somewhere in Salt Lake if I am not mistaken.

rajesh1868 · 6th March 2008, 06:44

Quote:

Originally Posted by suvi

@rajesh1868 well updation of Insurance is within the topic (it needs to be done after loan is closed)

thanks suvi. i meant my query was off topic. not the discussion cheers:

suvi · 6th March 2008, 09:33

@rajesh oops! sorry for the mis-interpretation

druva · 6th March 2008, 13:49

If I remember correctly, before you visit RTO - you need to complete the Smog test. The report is valid for 90 days, so you can use the same at WB to re-register

meerkat · 7th March 2008, 09:06

What is smog test ? Is it different from the emission test (for which the
certificate is valid for 6 months) ?

druva · 9th March 2008, 10:03

sorry, used the US terms. Its the emission test only

meerkat · 14th March 2008, 16:26

Well, I called up ICICI bank to check the progress on closing my account
and sending the noc etc. I was given a different version this time!
Apparently I can't go in person to a Bangalore branch to pick up the noc,
-- it will be mailed directly from Mumbai to my address (praJEEP, you did
pick it up from a Bangalore branch, right ?). I must wait for it to come to
me! Not only that, the security cheques (for the full loan amount!) will be
mailed separately to my address, and could take upto 45 days! And I'll
be gone from this address in 15 days ! They'll not take request to send it
to a different address. At this point I don't know what to do but pray, and
swear I'll never approach ICICI bank again for anything ever !

3rd March 2008, 12:06	#1
meerkat BHPian Join Date: Nov 2004 Location: World Posts: 123 Thanked: 213 Times	Car loan paid off : some questions Final instalment of my ICICI bank car loan is supposed to be debited through ECS early March (yeah, I did go for ICICI bank loan, and ECS too, but that was before I knew any better (through team-bhp, of course)). ICICI bank says the NOC will come from Mumbai by the 18th (I really hope it does), and it will be mailed to my address after that. I could pick it up in person by going to a branch, but they'll charge me 100 bucks for the privilege ! I've learnt that, after I get the NOC, I'd have to go to the RTO to get my RC book corrected. How long does that process take ? The problem is, I'm moving to WB from BLR the last week of March, and this doesn't leave me with much time. The question is, since (as I understand) I'll have to re-register my car in WB anyway, could I just do the correcting of the RC book there, or must I do that in BLR itself before I leave ? Also, if the NOC arrives too late, could I get it sent by ICICI to my WB address, or would that create complications ? Looking forward to inputs from experienced members. Thanks a lot.
	() Thanks

5th March 2008, 07:39	#3
meerkat BHPian Join Date: Nov 2004 Location: World Posts: 123 Thanked: 213 Times	Thanks for the help, praJEEP. My regn. is for KA04, don't know which RTO that is (Yeshvantpur ?). Don't know anyone in the RTOs either, -- shall have to try myself. Sounds like I can only hope that the noc will arrive in time !
	() Thanks

5th March 2008, 07:44	#4
Sks_Biker BHPian Join Date: Feb 2004 Location: Bangalore, India Posts: 113 Thanked: 48 Times	KA 04 is Bangalore North RTO in Yeshwantpur. Better get the RC book fixed before moving to WB.
	() Thanks

5th March 2008, 10:27	#5
suvi BHPian Join Date: Jan 2008 Location: Bangalore Posts: 122 Thanked: 6 Times	Also remember to get it changed in the Insurance. that is relatively straightforward and will be over across the counter, once you show the RC book endorsement. I got the work done through AASI. i recommend people to take AASI (WIAA or whatever) membership. it is fun to get the work done by paying only the specified fees and not interacting with RTO folks
	() Thanks

5th March 2008, 12:34	#7
suvi BHPian Join Date: Jan 2008 Location: Bangalore Posts: 122 Thanked: 6 Times	@rajesh1868 well updation of Insurance is within the topic (it needs to be done after loan is closed) AASI is Automobile Association of South India. WIAA is Western India Automobile Association. There should be similar associations for North and East too. With their membership, you can get services such as Hypothecation removal from RC book, change DL to reflect your new address, Re-Registration/NOC in case of inter-state transfers etc. they help you with towing your vehicle to nearest garage in any corner of India should you need it. they even used to provide drivers before on daily basis. I don't want to market them anymore, you can check their website
	() Thanks

5th March 2008, 13:58	#9
Zappo Team-BHP Support Join Date: Oct 2005 Location: Hyderabad Posts: 5,937 Thanked: 2,731 Times	The kolkata equivalent of AASI will be AAEI. Their main office is in Ballygunj Circular Road IIRC. They also have another office somewhere in Salt Lake if I am not mistaken.
	() Thanks

6th March 2008, 09:33	#11
suvi BHPian Join Date: Jan 2008 Location: Bangalore Posts: 122 Thanked: 6 Times	@rajesh oops! sorry for the mis-interpretation
	() Thanks

6th March 2008, 13:49	#12
druva BHPian Join Date: Sep 2007 Location: Chennai Posts: 313 Thanked: 37 Times	Smog test If I remember correctly, before you visit RTO - you need to complete the Smog test. The report is valid for 90 days, so you can use the same at WB to re-register
	() Thanks

7th March 2008, 09:06	#13
meerkat BHPian Join Date: Nov 2004 Location: World Posts: 123 Thanked: 213 Times	What is smog test ? Is it different from the emission test (for which the certificate is valid for 6 months) ?
	() Thanks

9th March 2008, 10:03	#14
druva BHPian Join Date: Sep 2007 Location: Chennai Posts: 313 Thanked: 37 Times	sorry, used the US terms. Its the emission test only
	() Thanks

14th March 2008, 16:26	#15
meerkat BHPian Join Date: Nov 2004 Location: World Posts: 123 Thanked: 213 Times	ICICI bank at it again ! Well, I called up ICICI bank to check the progress on closing my account and sending the noc etc. I was given a different version this time! Apparently I can't go in person to a Bangalore branch to pick up the noc, -- it will be mailed directly from Mumbai to my address (praJEEP, you did pick it up from a Bangalore branch, right ?). I must wait for it to come to me! Not only that, the security cheques (for the full loan amount!) will be mailed separately to my address, and could take upto 45 days! And I'll be gone from this address in 15 days ! They'll not take request to send it to a different address. At this point I don't know what to do but pray, and swear I'll never approach ICICI bank again for anything ever !
	() Thanks