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

Understanding-Credit-Score-Ranges-What-Each-Score-Means

Understanding Credit Score Range: What Each Score Means

Introduction Your credit score is a crucial factor in determining your financial health. It represents your creditworthiness and can have a significant impact on your ability to secure loans, get favo...

KNOW MORE

July 10, 2024

When to Invest in Mutual Funds Based on Your Investment Goals

Marcel wants to save up for a vacation. Suhani wants to buy a home. Both of them want to meet their financial goals by investing in mutual funds. Is it the right choice? Of course! Mutual funds can be...

KNOW MORE

June 30, 2023

Senior Citizen Fixed Deposit: Maximizing Returns with Senior Citizen FD Rates

As we grow older, it becomes crucial to plan our finances in a way that ensures a secure future, especially during our post-retirement years. Investing in a manner that offers stable returns with mini...

KNOW MORE

February 23, 2024