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).
Getting a personal loan against your assets is a very common practice. One of the securities you can use is your vehicle. If you are going through some financial difficulties then maintaining a car ca...
June 29, 2023
Introduction Ever thought what is hypothecation and why it is essential for securing a loan? Hypothecation refers to the practice of pledging an asset as collateral for a loan without transferring own...
July 4, 2024
A tractor is a necessity to start and run an agricultural business. Though the markets are full of feature-packed and technologically advanced tractors, getting your hands on the tractor of your choic...
June 29, 2023