Credit Associate
Annual salary range
₹1.7 Lakh - ₹30 Lakhs
High Confidence 
High Confidence means the data is based on a large number of latest salaries.
Filter salaries byCredit Associate Salary in Mumbai
based on 84
latest salaries
• updated:
3 Dec 2024
Select an experience to get the exact salary
Salary of majority employees
Experience wise Credit Associate salaries
| Years of experience | Avg. Annual Salary |
|---|---|
1
year
(11
salaries)
|  ₹2 L/yr - ₹4.1 L/yr |
2
years
(21
salaries)
| ₹1.7 L/yr - ₹24 L/yr |
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| |
3
years
(25
salaries)
| ₹1.7 L/yr - ₹25 L/yr |
4
years
(20
salaries)
| ₹2 L/yr - ₹30 L/yr |
5
years
(6
salaries)
| ₹2.3 L/yr - ₹24 L/yr |
View all salaries by experience
Credit Associate Salary in
Mumbai ranges between ₹1.7
Lakh to ₹30
Lakhs for
1 year of experience to 6 years of experience
. Salary estimates are based on
84 latest salaries received
from Credit Associate.
See latest salaries
Credit Associate salaries in different departments
| Department | Avg Annual Salary |
|---|---|
Finance & Accounting
Credit Associate Salary
1 - 5
years
exp.
(28
salaries)
| ₹1.9 L/yr - ₹24 L/yr |
Login to view exact salary
| |
BFSI, Investments & Trading
Credit Associate Salary
1 - 5
years
exp.
(22
salaries)
| ₹1.7 L/yr - ₹18.5 L/yr |
View all departments salaries
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Top paying companies
Popular companies
Jobs
available
Similar designations
Salary related reviews
Top interview questions
Latest annual salaries shared by Credit Associates
4d ago
Vodafone Idea
Credit Associate
1 year exp.
4d ago
Ziel Financial Technologies
Credit Associate
3 years exp.
5d ago
Kotak Mahindra Bank
Credit Associate
3 years exp.
1w ago
HSBC Group
Credit Associate
4 years exp.
1w ago
JPMorgan Chase & Co.
Credit Associate
2 years exp.
2w ago
Muthoot Homefin India
Credit Associate
4 years exp.
2w ago
Vivriti Capital
Credit Associate
2 years exp.
2w ago
Muthoot Homefin India
Credit Associate
3 years exp.
2w ago
Capri Global Capital
Credit Associate
4 years exp.
2w ago
Yes Bank
Credit Associate
2 years exp.
View all latest salaries
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
| | 1 job opening | |
| | ||
| | ||
| | ||
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| Company Name | Avg Annual Salary | Open Jobs |
|---|---|---|
2 -
5
yrs
exp.
.
Mumbai
(11 salaries)
|
₹24 L/yr - ₹36 L/yr | 1 job opening |
0 -
4
yrs
exp.
.
Mumbai
(7 salaries)
|
₹3 L/yr - ₹4.2 L/yr | |
Login to view exact salary
| ||
3 -
4
yrs
exp.
.
Mumbai
(6 salaries)
|
₹2 L/yr - ₹3 L/yr | |
2 -
5
yrs
exp.
.
Mumbai
(5 salaries)
|
₹4 L/yr - ₹11.5 L/yr | |
2 -
4
yrs
exp.
.
Mumbai
(4 salaries)
|
₹2 L/yr - ₹2.7 L/yr | |
5 -
6
yrs
exp.
.
Mumbai
(4 salaries)
|
₹24 L/yr - ₹25.5 L/yr | |
|
3 -
4
yrs
exp.
.
Mumbai
(3 salaries)
|
₹3 L/yr - ₹4 L/yr | |
|
1 -
3
yrs
exp.
.
Mumbai
(3 salaries)
|
₹4.1 L/yr - ₹4.3 L/yr | |
Login to view exact salary
| ||
4 -
6
yrs
exp.
.
Mumbai
(3 salaries)
|
₹20.3 L/yr - ₹1.9 Cr/yr | |
5 -
9
yrs
exp.
.
Mumbai
(3 salaries)
|
₹3 L/yr - ₹4.4 L/yr | |
Credit Associate Jobs in Mumbai
Credit Associate
· 2-8 years
JPMorgan Chase
Bangalore / Bengaluru
Credit Associate
· 1-4 years
UPS Pvt. Ltd.
Pune
Similar Designation Salaries for Credit Associate
| Designations | Avg Annual Salary |
|---|---|
Senior Associate Salary
2 -
10
years
exp.
(21.1k salaries)
| ₹2.4 L/yr - ₹24 L/yr |
Process Associate Salary
0 -
5
years
exp.
(2.7k salaries)
| ₹1.5 L/yr - ₹4.2 L/yr |
Login to view exact salary
| |
Associate Salary
0 -
8
years
exp.
(22.5k salaries)
| ₹1.9 L/yr - ₹21.8 L/yr |
Account Assistant Salary
1 -
9
years
exp.
(1L salaries)
| ₹1 L/yr - ₹4.3 L/yr |
Senior Analyst Salary
2 -
8
years
exp.
(11.8k salaries)
| ₹3.2 L/yr - ₹17 L/yr |
View more similar designations
Salary related reviews by similar designations like Credit Associate
Kotak Mahindra Bank
Senior Manager in Mumbai
• posted on 17 Oct 2024
Likes
Employee home loan facility for staff at lesser rate of interest ....nearly 50% less rest is ok ok
Dislikes
...ime extended working hours .....Which somewhere it disturbs work life balance... Salary hike is average and bonus depends on work
read moreMahindra Rural Housing Finance
Credit Associate in Gudivada
• posted on 28 Mar 2018
Likes
This is a good company to work and team work is awesome appraisals are good but salary hikes are low.
read moreDislikes
No time maintainance, no good appraisals, not so much of skill development.
Mahindra Rural Housing Finance
Associate in Wardhannapet
• posted on 26 Jan 2021
Likes
Good work environment and culture. Teammates are supportive. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair.
read moreDislikes
Salary is low but work load is heavy. Workplace is not given near home
Kotak Mahindra Bank
Deputy Manager in Mumbai
• posted on 04 Jun 2023
Likes
The company provides you a work life balance in which you are able to take many leaves whenever required and also having offs on weekends, Public holidays so no need to work on holidays.
read moreDislikes
1. Appraisal policy in Kotak is very weak. After receiving out of rating i.e., 5, you may receive less increment and bonus. 2. Also no outing / parties arrangement from company. 3.No Free transportation facility from company that you will get charged. 4.No hybrid work.
read moreTop skills for Credit Associate
Credit Associate Salary In Other Locations
| Locations | Avg Annual Salary |
|---|---|
Bangalore / Bengaluru
Credit Associate
1 -
5
years
exp.
| ₹2.2 L/yr - ₹20 L/yr |
New Delhi
Credit Associate
1 -
5
years
exp.
| ₹2.3 L/yr - ₹7.5 L/yr |
Login to view exact salary
| |
Pune
Credit Associate
1 -
5
years
exp.
| ₹2 L/yr - ₹7 L/yr |
Chennai
Credit Associate
1 -
5
years
exp.
| ₹1.2 L/yr - ₹7 L/yr |
Gurgaon / Gurugram
Credit Associate
1 -
4
years
exp.
| ₹2.3 L/yr - ₹10 L/yr |
View More
Credit Associate Salary By Industries
| Industries | Avg Annual Salary |
|---|---|
Financial Services
Credit Associate
1 -
6
years
exp.
| ₹1.5 L/yr - ₹25 L/yr |
NBFC
Credit Associate
1 -
5
years
exp.
| ₹1.3 L/yr - ₹3.7 L/yr |
Login to view exact salary
| |
Banking
Credit Associate
1 -
5
years
exp.
| ₹2 L/yr - ₹15.6 L/yr |
Internet
Credit Associate
1 -
5
years
exp.
| ₹2.1 L/yr - ₹10 L/yr |
IT Services & Consulting
Credit Associate
1 -
5
years
exp.
| ₹1.8 L/yr - ₹17.5 L/yr |
View More
Frequently Asked Questions about Credit Associate Salaries
What is the salary of a Credit Associate in India?
Salary for a Credit Associate in India ranges between ₹1.7 Lakhs to ₹30.0 Lakhs per year. Salary estimates are based on 84 latest salaries received from various Credit Associates across industries.
What are the top paying companies that employ Credit Associates?
- JPMorgan Chase & Co. Credit Associate Salary - ₹28.2 Lakhs per year
- Acuity Knowledge Partners Credit Associate Salary - ₹6.1 Lakhs per year
- Muthoot Homefin India Credit Associate Salary - ₹2.6 Lakhs per year
- Kotak Mahindra Bank Credit Associate Salary - ₹2.6 Lakhs per year
- Mahindra Rural Housing Finance Credit Associate Salary - ₹1.9 Lakhs per year
What is the starting salary for a Credit Associate in India?
Average starting Salary for Credit Associate in India is around ₹1.7 Lakhs per year (₹14.2k per month). 1 year of minimum experience is required to be a Credit Associate.
What is the highest salary for a Credit Associate in India?
Highest salary that a Credit Associate can earn is ₹36.0 Lakhs per year (₹3.0L per month).
What are the top paying industries for Credit Associate in India?
- Financial Services - ₹2.7 Lakhs to 190.0 Lakhs per year
- Banking - ₹2.0 Lakhs to 20.0 Lakhs per year
- Internet - ₹2.7 Lakhs to 11.5 Lakhs per year
- Education & Training - ₹3.0 Lakhs to 4.2 Lakhs per year
- NBFC - ₹1.4 Lakhs to 12.6 Lakhs per year
What are the top paying cities for Credit Associate in India?
- Mumbai - ₹0.1 Lakhs to 190.0 Lakhs per year
- Gurgaon / Gurugram - ₹2.1 Lakhs to 30.0 Lakhs per year
- Bangalore / Bengaluru - ₹0.2 Lakhs to 29.3 Lakhs per year
- Pune - ₹1.2 Lakhs to 16.0 Lakhs per year
- New Delhi - ₹1.8 Lakhs to 12.5 Lakhs per year
What are the popular/top skills required to become a Credit Associate?
These are the top skills of a Credit Associate based on 2 jobs posted by employers.
- Operations
- Finance
- Financial Analysis
- Sales
- Legal
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Credit Associate Interview Questions
based on 5 interviews
Q1.
Technical round about financial ratios, financial analysis
Q2.
Technical round about financial ratios and financial analysis
Q3.
DSCR and Leverage Ratio
Q4.
What is EBITDA and adjustments to be made in net profit to get EBITDA
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