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

Top Things To Know About An SME Loan Agreement

Running a successful business requires adequate financing. However, for many individuals, accessing funds can be a challenge. This is where SME loans come into play. One has to sign a business loan ag...

KNOW MORE

April 11, 2024

How-much-tax-exemption-is-allotted-for-home-loan

Home Loan Tax Exemption: How To Save Money On Your Home Loan

Introduction Owning a home is a dream for many Indians, and fortunately, taking a home loan can provide more than just a roof over your head. It can also offer significant housing loan tax benefit. Th...

KNOW MORE

July 10, 2024

How to get Personal Loan with Minimum Documents

Introduction Are you in need of a personal loan but don’t have a salary slip as proof of income? Don’t worry, because getting a personal loan without a salary slip is possible! Many lendin...

KNOW MORE

April 18, 2024