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

How-much-tax-exemption-is-allotted-for-home-loan

Home Loan Tax Exemption: How To Save Money On Your Home Loan

Introduction Owning a home is a dream for many Indians, and fortunately, taking a home loan can provide more than just a roof over your head. It can also offer significant housing loan tax benefit. Th...

KNOW MORE

July 10, 2024

A-Step-By-Step-Guide-To-Applying-For-SME-Loans-Online

A Step-By-Step Guide To Applying For SME Loans Online

Small or medium enterprise owners often need loans for their businesses. Securing the necessary funds is crucial for them, and that’s where SME loans come into play. These loans cater specifical...

KNOW MORE

July 24, 2024

What Is The Effective Yield In Fixed Deposits?

If you’re considering investing in a fixed deposit (FD), you’ve probably come across terms like “effective yield” and “annualised yield.” While the interest rate mentioned by banks...

KNOW MORE

March 1, 2024