Credit Manager
Annual salary range
₹3.6 Lakhs - ₹13.5 Lakhs
Very High Confidence 
Very High Confidence means the data is based on a large number of latest salaries.
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Filter salaries byCredit Manager Salary in Mumbai (Updated 2025)
based on 2.8k
latest salaries
• updated:
18 Mar 2025
Select an experience to get the exact salary
Salary of majority employees
Credit Manager Salary in Mumbai ranges between ₹3.6 Lakhs to ₹13.5 Lakhs for 1 year of experience to 10 years of experience. Salary estimates are based on 2.8k latest salaries received from Credit Manager.
Explore on this page
Top paying companies
Popular companies
Latest annual salaries
Salaries by experience
Jobs
available
Similar designations
Salary related reviews
Top interview questions
| Company name | Avg. annual salary | Open Jobs |
|---|---|---|
Federal Bank Credit Manager Salary
2 years exp |  | |
IDBI Bank Credit Manager Salary
2 years exp | | |
 Credit Manager Salary
2 years exp | | |
 Credit Manager Salary
2 years exp | | |
 Credit Manager Salary
2 years exp | | |
Is this list helpful? | ||
View more companies
| Company Name | Avg. annual salary | Open Jobs |
|---|---|---|
0 -
11
yrs
exp.
.
Mumbai
(560 salaries)
|
₹4 L/yr - ₹17.5 L/yr | |
0 -
12
yrs
exp.
.
Mumbai
(447 salaries)
|
₹3.5 L/yr - ₹15 L/yr | 2 job openings |
Login to view exact salary
| ||
0 -
11
yrs
exp.
.
Mumbai
(235 salaries)
|
₹3.8 L/yr - ₹13 L/yr | |
0 -
10
yrs
exp.
.
Mumbai
(209 salaries)
|
₹3 L/yr - ₹13 L/yr | |
0 -
12
yrs
exp.
.
Mumbai
(149 salaries)
|
₹4 L/yr - ₹15.3 L/yr | |
1 -
13
yrs
exp.
.
Mumbai
(97 salaries)
|
₹3 L/yr - ₹10 L/yr | |
0 -
12
yrs
exp.
.
Mumbai
(79 salaries)
|
₹4.6 L/yr - ₹13.9 L/yr | 1 job opening |
0 -
10
yrs
exp.
.
Mumbai
(78 salaries)
|
₹3.7 L/yr - ₹12.4 L/yr | 7 job openings |
Login to view exact salary
| ||
1 -
11
yrs
exp.
.
Mumbai
(71 salaries)
|
₹3.2 L/yr - ₹13.3 L/yr | |
0 -
10
yrs
exp.
.
Mumbai
(58 salaries)
|
₹4.6 L/yr - ₹12.6 L/yr | |
Latest annual salaries shared by Credit Managers
1d ago
ICICI Bank
Credit Manager
1 year exp.
1d ago
Bank of Baroda
Credit Manager
7 years exp.
1d ago
DCB Bank
Credit Manager
5 years exp.
1d ago
Bandhan Bank
Credit Manager
1 year exp.
1d ago
DCB Bank
Credit Manager
5 years exp.
1d ago
DCB Bank
Credit Manager
8 years exp.
1d ago
Axis Bank
Credit Manager
5 years exp.
2d ago
ICICI Bank
Credit Manager
3 years exp.
2d ago
ICICI Bank
Credit Manager
1 year exp.
2d ago
IDFC FIRST Bharat
Credit Manager
6 years exp.
View all latest salaries
Credit Manager salaries by
| Years of experience | Avg. annual salary |
|---|---|
1
year
(358
salaries)
| ₹3.8 L/yr - ₹12 L/yr |
2
years
(419
salaries)
| ₹3.5 L/yr - ₹12.5 L/yr |
Login to view exact salary
| |
3
years
(385
salaries)
| ₹3.6 L/yr - ₹13 L/yr |
4
years
(373
salaries)
| ₹3.5 L/yr - ₹13.9 L/yr |
5
years
(410
salaries)
| ₹3.5 L/yr - ₹14 L/yr |
View all salaries by experience
Credit Manager Jobs in Mumbai
Credit Manager
· 1-6 years
Equitas Small Finance Bank Ltd
Chennai
Credit Manager
· 3-6 years
HDB Financial Services
Malappuram
Credit Manager
· 8-9 years
BAJAJ FINANCIAL SECURITIES LIMITED
Hyderabad / Secunderabad
Similar Designation Salary
| Similar Designation | Avg. annual salary |
|---|---|
Senior Manager Salary
6 -
20
years
exp.
(30.1k salaries)
| ₹8 L/yr - ₹36 L/yr |
Chief Manager Salary
6 -
24
years
exp.
(4.5k salaries)
| ₹9.9 L/yr - ₹37.9 L/yr |
Login to view exact salary
| |
Area Credit Manager Salary
4 -
13
years
exp.
(372 salaries)
| ₹6.7 L/yr - ₹20 L/yr |
Branch Manager Salary
4 -
17
years
exp.
(2.6k salaries)
| ₹3.1 L/yr - ₹22.5 L/yr |
Deputy Manager Salary
3 -
15
years
exp.
(31.3k salaries)
| ₹3.7 L/yr - ₹16.5 L/yr |
View more similar designations
Salary related reviews by similar designations like Credit Manager
HDFC Bank
Credit Manager in Saharanpur
• posted on 11 Mar 2025
Likes
Salary on time, Hybrid working pattern in my department.
- Job security - Excellent
Dislikes
I had been promoted internally from officer grade to Assistant manager grade. There are not much difference in salary of an Assistant manager & officer grade. So, you starting your promoted career on a demotivated note.
read moreMuthoot Fincorp
Senior Manager in New Delhi
• posted on 23 Dec 2024
Likes
1. Good Culture 2. Work life balance. 3. Org works for Employee Health and well being. Altogether good org
- Skill development - Good
+4 more
Dislikes
Salary discrimination, same grade different in salary package. Not counting the overall experience..
read moreL&T Finance
Senior Manager in Mumbai
• posted on 24 Jan 2025
Likes
The work culture is dramatically different from before after the Leadership change. It’s all about work life balance and flexibility now.
read more- Work-life balance - Good
Dislikes
While the work culture has improved there’s now a decline in opportunities for salary growth and promotions.
read more- Skill development - Poor
+4 more
Federal Bank
Senior Manager in Ernakulam
• posted on 05 Feb 2025
Likes
... consideration for posting based on personal issues. Opportunities for learning. Salary is at par with nationalised banks. Offers good job security.
read more- Salary - Excellent
+5 more
Dislikes
The promotion process is subject to bias. Hands on training for new recruits can be improved.
Canara Bank
Chief Manager in Ernakulam
• posted on 18 Jan 2025
Likes
Salary is good now due to bipartite settlements . Now new PLI is also introduced by Finance Ministry for levels above executive cadre
read more- Salary - Good
+2 more
Dislikes
Work culture is too bad. Looks good ONLY from outside. Those who don't care of their ego , self esteem , family life, health can still enjoy working here by listening anything from their Management.
read more- Work satisfaction - Poor
+2 more
Top skills for Credit Manager
Credit Manager Salary In Other Locations
| Locations | Avg. annual salary |
|---|---|
New Delhi
Credit Manager
1 -
10
years
exp.
| ₹3.5 L/yr - ₹13.5 L/yr |
Bangalore / Bengaluru
Credit Manager
1 -
10
years
exp.
| ₹3.5 L/yr - ₹14.5 L/yr |
Login to view exact salary
| |
Hyderabad / Secunderabad
Credit Manager
1 -
10
years
exp.
| ₹3.5 L/yr - ₹13 L/yr |
Pune
Credit Manager
1 -
9
years
exp.
| ₹3.2 L/yr - ₹12.3 L/yr |
Jaipur
Credit Manager
1 -
9
years
exp.
| ₹3 L/yr - ₹12 L/yr |
View More
Credit Manager Salary By Industries
| Industries | Avg. annual salary |
|---|---|
Financial Services Credit Manager
1 -
10
years
exp.
| ₹3.4 L/yr - ₹13 L/yr |
Banking Credit Manager
1 -
10
years
exp.
| ₹3.5 L/yr - ₹14 L/yr |
Login to view exact salary
| |
NBFC Credit Manager
1 -
10
years
exp.
| ₹3 L/yr - ₹11 L/yr |
Media & Entertainment / Publishing Credit Manager
1 -
9
years
exp.
| ₹3.4 L/yr - ₹12.7 L/yr |
Insurance Credit Manager
1 -
9
years
exp.
| ₹3.5 L/yr - ₹12.5 L/yr |
View More
Frequently Asked Questions about Credit Manager Salaries
What is the salary of a Credit Manager in India?
Salary for a Credit Manager in India ranges between ₹3.6 Lakhs to ₹13.5 Lakhs per year. Salary estimates are based on 2.8k latest salaries received from various Credit Managers across industries.
What are the top paying companies that employ Credit Managers?
- Federal Bank Credit Manager Salary - ₹15.2 Lakhs per year
- IDBI Bank Credit Manager Salary - ₹14.0 Lakhs per year
- Indian Bank Credit Manager Salary - ₹12.1 Lakhs per year
- Godrej Capital Credit Manager Salary - ₹11.3 Lakhs per year
- Godrej Housing Finance Credit Manager Salary - ₹10.7 Lakhs per year
What is the starting salary for a Credit Manager in India?
Average starting Salary for Credit Manager in India is around ₹3.6 Lakhs per year (₹30.0k per month). 1 year of minimum experience is required to be a Credit Manager.
What is the highest salary for a Credit Manager in India?
Highest salary that a Credit Manager can earn is ₹17.5 Lakhs per year (₹1.5L per month).
What are the top paying industries for Credit Manager in India?
- Banking - ₹1.5 Lakhs to 70.0 Lakhs per year
- Financial Services - ₹1.6 Lakhs to 55.0 Lakhs per year
- Internet - ₹0.7 Lakhs to 25.0 Lakhs per year
- NBFC - ₹2.4 Lakhs to 18.0 Lakhs per year
- FinTech - ₹4.0 Lakhs to 12.0 Lakhs per year
What are the top paying cities for Credit Manager in India?
- Bangalore / Bengaluru - ₹0.2 Lakhs to 50.0 Lakhs per year
- Mumbai - ₹0.3 Lakhs to 70.0 Lakhs per year
- New Delhi - ₹0.1 Lakhs to 52.0 Lakhs per year
- Hyderabad / Secunderabad - ₹0.1 Lakhs to 30.0 Lakhs per year
- Pune - ₹0.2 Lakhs to 36.7 Lakhs per year
What are the popular/top skills required to become a Credit Manager?
These are the top skills of a Credit Manager based on 132 jobs posted by employers.
- Finance
- Auditing
- Credit Analysis
- Credit Management
- Sales
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