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-To-Check-Your-Home-Loan-Status-Online

How To Check Your Home Loan Status Online?

Everyone dreams of owning a home, and with the availability of home loans, this dream is within reach for many. However, it’s crucial to stay informed about your home loan status to make sound f...

KNOW MORE

August 14, 2024

Boost Your Working Capital With Business Working Capital Loans

Running a successful business requires a constant flow of funds to manage day-to-day expenses and seize growth opportunities. This is where working capital plays a vital role. Working capital is the d...

KNOW MORE

April 26, 2024

How-To-Use-Personal-Loans-For-Fitness

How To Use Personal Loans For Fitness And Wellness Goals

Introduction Investing in your health and wellness is crucial for a fulfilling life. However, the cost of gym memberships, fitness equipment, and wellness programs can be a barrier for many. Personal ...

KNOW MORE

September 12, 2024