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
|

1. What is paid? Current invoice or the vehicle invoice? In case of obsolete models how this is calculated?

mahindra-finance-author

by Mahindra Finance

|

January 6, 2025

|

1 mins read

Covers financial shortfall between vehicle IDV & invoice value of vehicle in case of Total loss/total theft or constructive total loss.

Vehicle Invoice or current invoice in case if same make model is available, whichever is less.

Related articles

What are Tax Saving Mutual Funds?

What Are Mutual Funds? Mutual Funds can seem very complex, and therefore, we are here to break that myth and help you understand this simple yet powerful investment option better so you can speed up y...

KNOW MORE

June 30, 2023

What-are-CERSAI-Charges-Facts-You-Probably-Didnt-Know

What Are CERSAI Charges? Facts You Probably Didn’t Know

Introduction If you’ve ever taken a loan or secured an asset, you may have come across the term “CERSAI charges.” But what exactly are these charges, and why are they important? In this blog...

KNOW MORE

July 1, 2024

The Inflation Challenge: Strategies For Maximizing Fixed Deposit Returns

Inflation is a force that affects every aspect of our lives, including our finances. It erodes the purchasing power of our money over time, making it essential to find ways to maximise our returns and...

KNOW MORE

March 4, 2024