login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
phone

Download App

Conveniently pay your EMIs, set payment reminders, view your loan details.

phone
|

31. What is Constructive Total Loss (CTL)?

mahindra-finance-author

by Mahindra Finance

|

January 6, 2025

|

1 mins read

A vehicle will be considered to be a CTL, where aggregate cost of retrieval and/or repair of the vehicle, subject to terms & conditions of the policy exceed 75% of the Insured Declared Value (IDV).

Related articles

Important Factors That Affect Your Car Loan Interest Rates

Introduction Looking to buy your dream car? Whether it’s a sleek new model or a reliable used vehicle, understanding the factors that affect your car loan interest rates is crucial. The interest...

KNOW MORE

April 17, 2024

What-Is-Home-Loan-Amortisation-Schedule-and-How-It-Works

What Is Home Loan Amortisation Schedule And How It Works

Introduction Buying a home is a dream shared by many in India. To make this dream a reality, most people rely on home loans. However, understanding how to manage these loans and repay them efficiently...

KNOW MORE

July 1, 2024

List Of Documents Required To Apply For A Car Loan

Are you ready to hit the open road in your dream car? Securing a car loan from Mahindra Finance is a smart way to turn that dream into reality. To make the application process a breeze, it’s cru...

KNOW MORE

February 5, 2024