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

Ideal-Down-Payment-for-a-Home-Loan

Ideal Down Payment For Home Loan: How Much Should You Pay?

Dreaming of owning a home is something that many of us aspire to. Fortunately, home loans have made this dream more accessible than ever before. However, when applying for a home loan, it’s esse...

KNOW MORE

July 10, 2024

Difference Between Cumulative and Non-Cumulative FD Interest

One of safest and most sought-after investment instruments in the market today, Fixed Deposits (FDs) offer guaranteed returns, while also helping you meet your financial goals. FDs can be categorised ...

KNOW MORE

June 29, 2023

How To Boost Your Wealth Through Fixed Deposit Laddering

Are you looking for a secure and reliable option to boost your wealth? Fixed Deposits (FDs) are a popular choice among investors seeking steady returns and easy access to funds. However, to make the m...

KNOW MORE

May 23, 2024