In general, individual often end up making this mistake that even after repaying their vehicle loan amount; they think it is over and all done after getting loan clearance certificate or NOC, but they are in for a rude shock, hypothecation cancellation should be done in the RTO office where the vehicle was registered to ensure ownership of the vehicle is completely transferred to cancel and bank or financial institution who lent the money for purchase of vehicle has no role or nothing to with vehicle ownership.