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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Mumbai
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Credit Manager Salary in Mumbai (Updated 2025)
based on 2.8k
latest salaries
• updated:
12 Mar 2025
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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.
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Latest annual salaries
Salaries by experience
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Similar designations
Salary related reviews
Top interview questions
| Company name | Avg. annual salary | Open Jobs |
|---|---|---|
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| Unlock | 1 job opening | |
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| Company Name | Avg. annual salary | Open Jobs |
|---|---|---|
0 -
11
yrs
exp.
.
Mumbai
(560 salaries)
|
₹4 L/yr - ₹17.4 L/yr | |
0 -
12
yrs
exp.
.
Mumbai
(453 salaries)
|
₹4 L/yr - ₹15 L/yr | 3 job openings |
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| ||
0 -
11
yrs
exp.
.
Mumbai
(237 salaries)
|
₹3.7 L/yr - ₹13 L/yr | |
0 -
10
yrs
exp.
.
Mumbai
(211 salaries)
|
₹3 L/yr - ₹13 L/yr | |
0 -
12
yrs
exp.
.
Mumbai
(148 salaries)
|
₹4 L/yr - ₹15.3 L/yr | |
1 -
13
yrs
exp.
.
Mumbai
(98 salaries)
|
₹3 L/yr - ₹10 L/yr | |
0 -
9
yrs
exp.
.
Mumbai
(77 salaries)
|
₹3.7 L/yr - ₹12.4 L/yr | 7 job openings |
0 -
10
yrs
exp.
.
Mumbai
(74 salaries)
|
₹4.6 L/yr - ₹14 L/yr | 1 job opening |
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| ||
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.
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1d ago
Bank of Baroda
Credit Manager
7 years exp.
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1d ago
DCB Bank
Credit Manager
5 years exp.
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1d ago
Bandhan Bank
Credit Manager
1 year exp.
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1d ago
DCB Bank
Credit Manager
5 years exp.
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1d ago
DCB Bank
Credit Manager
8 years exp.
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1d ago
Axis Bank
Credit Manager
5 years exp.
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2d ago
ICICI Bank
Credit Manager
3 years exp.
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2d ago
ICICI Bank
Credit Manager
1 year exp.
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2d ago
IDFC FIRST Bharat
Credit Manager
6 years exp.
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Credit Manager salaries by
| Years of experience | Avg. annual salary |
|---|---|
1
year
(362
salaries)
| Unlock ₹3.6 L/yr - ₹12 L/yr |
2
years
(415
salaries)
| Unlock ₹3.5 L/yr - ₹12.5 L/yr |
Login to view exact salary
| |
3
years
(385
salaries)
| Unlock ₹3.6 L/yr - ₹13 L/yr |
4
years
(374
salaries)
| Unlock ₹3.5 L/yr - ₹13.9 L/yr |
5
years
(410
salaries)
| Unlock ₹3.5 L/yr - ₹14 L/yr |
View all salaries by experience
Credit Manager Jobs in Mumbai
Credit Manager
· 10-20 years
Equitas Small Finance Bank Ltd
Pune
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.
(30k salaries)
| Unlock ₹8 L/yr - ₹36 L/yr |
Chief Manager Salary
6 -
24
years
exp.
(4.5k salaries)
| Unlock ₹9.8 L/yr - ₹37 L/yr |
Login to view exact salary
| |
Area Credit Manager Salary
4 -
13
years
exp.
(377 salaries)
| Unlock ₹6.7 L/yr - ₹20 L/yr |
Branch Manager Salary
4 -
17
years
exp.
(2.7k salaries)
| Unlock ₹3 L/yr - ₹22.1 L/yr |
Deputy Manager Salary
3 -
15
years
exp.
(31.2k salaries)
| Unlock ₹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 moreIDFC FIRST Bank
Deputy Manager in Mumbai
• posted on 02 Feb 2025
ICICI Bank
Branch Manager in Macherla
• posted on 20 Feb 2025
Likes
Good to work on icici
- Salary - Good
+3 more
Dislikes
...and audit teams are involving the branches and wrong potrait to super officials. Low level lady staff are working for only salary not for organisation. They will escalate the small things to HR also.
read moreCanara 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
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.
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Credit Manager Salary In Other Locations
| Locations | Avg. annual salary |
|---|---|
New Delhi
Credit Manager
1 -
10
years
exp.
| Unlock ₹3.5 L/yr - ₹13.5 L/yr |
Bangalore / Bengaluru
Credit Manager
1 -
10
years
exp.
| Unlock ₹3.5 L/yr - ₹14.5 L/yr |
Login to view exact salary
| |
Hyderabad / Secunderabad
Credit Manager
1 -
10
years
exp.
| Unlock ₹3.5 L/yr - ₹13 L/yr |
Pune
Credit Manager
1 -
9
years
exp.
| Unlock ₹3.2 L/yr - ₹12 L/yr |
Jaipur
Credit Manager
1 -
9
years
exp.
| Unlock ₹3.1 L/yr - ₹12 L/yr |
View More
Credit Manager Salary By Industries
| Industries | Avg. annual salary |
|---|---|
Financial Services Credit Manager
1 -
10
years
exp.
| Unlock ₹3.4 L/yr - ₹13 L/yr |
Banking Credit Manager
1 -
10
years
exp.
| Unlock ₹3.5 L/yr - ₹14 L/yr |
Login to view exact salary
| |
NBFC Credit Manager
1 -
10
years
exp.
| Unlock ₹3 L/yr - ₹11 L/yr |
Media & Entertainment / Publishing Credit Manager
1 -
9
years
exp.
| Unlock ₹3.5 L/yr - ₹12.7 L/yr |
Insurance Credit Manager
1 -
9
years
exp.
| Unlock ₹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 Mumbai?
Salary for a Credit Manager in Mumbai 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?
- State Bank of India Credit Manager Salary - ₹19.6 Lakhs per year
- Barclays Credit Manager Salary - ₹19.0 Lakhs per year
- Canara Bank Credit Manager Salary - ₹18.9 Lakhs per year
- IDBI Bank Credit Manager Salary - ₹18.6 Lakhs per year
- Barclays Shared Services Credit Manager Salary - ₹18.1 Lakhs per year
What is the starting salary for a Credit Manager in Mumbai?
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 Mumbai?
Highest salary that a Credit Manager can earn is ₹32.0 Lakhs per year (₹2.7L per month).
What are the top paying industries for Credit Manager in Mumbai?
- 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 133 jobs posted by employers.
- Finance
- Auditing
- Credit Analysis
- Credit Management
- Sales
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