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

Things to Consider While Availing a Commercial Vehicle Loan

A commercial vehicle loan is available to any individual or organization, which is planning to buy a commercial vehicle. These loans are often costlier compared to personal vehicles; hence, ...

KNOW MORE

June 29, 2023

How To Improve Your Chances Of Getting Approved For A Car Loan?

Introduction Dreaming of purchasing your own car? Excited about the freedom and convenience it will bring to your life? But wait, before you start picturing yourself behind the wheel, there’s an...

KNOW MORE

May 13, 2024

What Are The Tax Benefit On A Business Loan?

Running a business involves numerous expenses and financial obligations. One way to ease the burden on your finances and save money is by taking advantage of business loan tax benefits. Yes, you heard...

KNOW MORE

April 11, 2024