Many, if not all, buy a car or a bike on loan from a bank or a lending institution. Typically, the paper work is done by the car dealer and there is usually no need for the buyer to visit the RTO (regional transport office) in person. Unless you want to! However, one of the things that happens when you take a loan is that the vehicle is (hypothecation of the vehicle, namely endorsement of the hire-purchase agreement) in the name of the loan provider, obviously because he has lent you the money. You get to own the car once you have paid the loan. There is a certain joy of paying off your loan. But how do you get the ownership back? Simple, you need to "terminate of hire purchase agreement". My vehicle has a registration MH03. I recently paid off my loan and this is what I did. Hopefully this will help someone who wants to terminate the hire purchase agreement and has a vehicle with registration number starting MH03. I am not sure if the steps are differe...