Hi, as i am using car under bank loan, i think i can shed some light on this subject. First thing is while registering the car (ISTIMARA), it is jointly registered in both owner and bank's name. Upon clearance of your dues with bank, owner of the car will be issued with vehicle loan clearance certificate by the bank. For claiming independent ownership of car, this certificate is to be taken to traffic department and they will issue new (ISTIMARA) by removing bank name from their list. Until your loan is settled, you cannot either sell or take the vehicle outside the country (even by road), as their system will highlight of bank loan.