Credit Manager
Annual salary range
₹3 Lakhs - ₹10.5 Lakhs
High Confidence 
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 Suburban (Updated 2025)
based on 32
latest salaries
• updated:
1 Feb 2025
Select an experience to get the exact salary
Salary of majority employees
Credit Manager Salary in Mumbai Suburban ranges between ₹3 Lakhs to ₹10.5 Lakhs for 2 years of experience to 9 years of experience. Salary estimates are based on 32 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 |  | |
Indian 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 |
|---|---|---|
3 -
9
yrs
exp.
.
Mumbai Suburban
(7 salaries)
|
₹6 L/yr - ₹10.3 L/yr | |
2 -
8
yrs
exp.
.
Mumbai Suburban
(4 salaries)
|
₹5 L/yr - ₹8.4 L/yr | 7 job openings |
Login to view exact salary
| ||
|
0 -
6
yrs
exp.
.
Mumbai Suburban
(3 salaries)
|
₹2.7 L/yr - ₹3.5 L/yr | |
2 -
4
yrs
exp.
.
Mumbai Suburban
(AmbitionBox Estimate)
|
₹3.2 L/yr - ₹4.4 L/yr | |
0 -
3
yrs
exp.
.
Mumbai Suburban
(AmbitionBox Estimate)
|
₹5.1 L/yr - ₹6.9 L/yr | |
4 -
5
yrs
exp.
.
Mumbai Suburban
(AmbitionBox Estimate)
|
₹5 L/yr - ₹8.7 L/yr | |
10 -
13
yrs
exp.
.
Mumbai Suburban
(AmbitionBox Estimate)
|
₹8.6 L/yr - ₹10.9 L/yr | |
8 -
9
yrs
exp.
.
Mumbai Suburban
(AmbitionBox Estimate)
|
₹7.5 L/yr - ₹10.5 L/yr | |
Login to view exact salary
| ||
5 -
8
yrs
exp.
.
Mumbai Suburban
(AmbitionBox Estimate)
|
₹4.7 L/yr - ₹5 L/yr | |
7 -
8
yrs
exp.
.
Mumbai Suburban
(AmbitionBox Estimate)
|
₹6.2 L/yr - ₹7.9 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 |
|---|---|
2
years
(3
salaries)
| ₹3.2 L/yr - ₹5.5 L/yr |
3
years
(4
salaries)
| ₹3 L/yr - ₹13.9 L/yr |
Login to view exact salary
| |
4
years
(4
salaries)
| ₹3.7 L/yr - ₹7.6 L/yr |
5
years
(5
salaries)
| ₹3 L/yr - ₹9.2 L/yr |
6
years
(2
salaries)
| ₹3 L/yr - ₹6 L/yr |
View all salaries by experience
Credit Manager Jobs in Mumbai Suburban
Credit Manager
· 3-7 years
Muthoot FinCorp (MFL)
Anantapur
Credit Manager
· 2-7 years
Equitas Small Finance Bank Ltd
Bangalore / Bengaluru
Credit Manager
· 2-6 years
HDFC Bank Limited
Bangalore / Bengaluru
Similar Designation Salary
| Similar Designation | Avg. annual salary |
|---|---|
Area Credit Manager Salary
6 -
11
years
exp.
(5 salaries)
| ₹9.5 L/yr - ₹10.4 L/yr |
Credit Officer Salary
1 -
7
years
exp.
(16 salaries)
| ₹2.1 L/yr - ₹6.5 L/yr |
Login to view exact salary
| |
Branch Manager Salary
4 -
17
years
exp.
(29 salaries)
| ₹3.1 L/yr - ₹13.5 L/yr |
Chief Manager Salary
8 -
20
years
exp.
(21 salaries)
| ₹8.1 L/yr - ₹23.2 L/yr |
Deputy Manager Salary
3 -
15
years
exp.
(308 salaries)
| ₹3.7 L/yr - ₹16.9 L/yr |
View more similar designations
Salary related reviews by similar designations like Credit Manager
Muthoot Fincorp
Senior Manager in Chennai
• posted on 21 Dec 2024
Muthoot Finance
Senior Manager in Bangalore / Bengaluru
• posted on 18 Feb 2025
Likes
Company is giving internal promotions and incentive for all employés irrespective of function.
- Job security - Good
+2 more
Dislikes
Low salary for existing employees and giving better salary for new entrance in the same role 6 Days working is very hectic , company collecting money from employees for evening tea., Parent insurance is not available. Etc...
read moreFederal 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
Mahindra Rural Housing Finance
Branch Manager in Shujalpur
• posted on 15 Dec 2024
Likes
...ed us and made us resign and then did not even give us relief, we felt very bad. Despite the salary being very low (21500), we worked honestly for 8 years in Mahindra company. A staff in another company earns this much salary
read more- Skill development - Good
Dislikes
The company to which the employee gave 8 years of his life, harassed the employee and made him resign from the job, after which I was asked for early relieving, then even after I mailed for early relieving, I was not given early relieving,If I want, I can seek relief through court case because I have the recording which was spoken by the company's HR and Deepak sir (Business Head).
read more- Job security - Poor
Top skills for Credit Manager
Credit Manager Salary In Other Locations
| Locations | Avg. annual salary |
|---|---|
Mumbai
Credit Manager
1 -
10
years
exp.
| ₹3.6 L/yr - ₹13.9 L/yr |
New Delhi
Credit Manager
1 -
10
years
exp.
| ₹3.5 L/yr - ₹13.7 L/yr |
Login to view exact salary
| |
Bangalore / Bengaluru
Credit Manager
1 -
10
years
exp.
| ₹3.5 L/yr - ₹14.5 L/yr |
Hyderabad / Secunderabad
Credit Manager
1 -
10
years
exp.
| ₹3.5 L/yr - ₹13 L/yr |
Pune
Credit Manager
1 -
9
years
exp.
| ₹3.3 L/yr - ₹12.5 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.
| ₹3.5 L/yr - ₹12.8 L/yr |
Insurance Credit Manager
1 -
9
years
exp.
| ₹3.5 L/yr - ₹12.6 L/yr |
View More
Frequently Asked Questions (FAQS) about Credit Manager Salaries
What is the salary of a Credit Manager in India?
The salary of a Credit Manager in India varies based on experience, location, company & Industry.
On average, Credit Manager salaries ranges from ₹3.0 Lakhs to ₹10.5 Lakhs per year. Top companies and specialized roles may offer higher compensation.
The average starting salary is around ₹3.0 Lakhs to ₹10.5 Lakhs per year, with the highest salary reaching ₹11.0 Lakhs to ₹17.5 Lakhs per year. Salary estimates are based on 32 salaries received from various Credit Managers across industries.
The average starting salary is around ₹3.0 Lakhs to ₹10.5 Lakhs per year, with the highest salary reaching ₹11.0 Lakhs to ₹17.5 Lakhs per year. Salary estimates are based on 32 salaries received from various Credit Managers across industries.
What are the top paying companies that employ Credit Managers?
Credit Manager Salaries at Top paying companies in India are
Salaries depend on experience, role, and location. Additional compensation may include bonuses and stock options.
| Federal Bank Credit Manager Salary | ₹11 Lakhs to ₹17.5 Lakhs per year |
| Indian Bank Credit Manager Salary | ₹12 Lakhs to ₹21.8 Lakhs per year |
| Profectus Capital Credit Manager Salary | ₹10.3 Lakhs to ₹13.2 Lakhs per year |
| Godrej Capital Credit Manager Salary | ₹4.5 Lakhs to ₹13 Lakhs per year |
| Godrej Housing Finance Credit Manager Salary | ₹9.1 Lakhs to ₹12 Lakhs per year |
What are the top paying cities for Credit Manager in India?
The annual salary for Credit Manager in India varies by location. Top paying cities for Credit Manager are
Salary expectations for Credit Manager may vary based on job roles, experience, and specific employer requirements.
| Credit Manager Salary in Mumbai | ₹3.6 Lakhs to ₹13.9 Lakhs per year |
| Credit Manager Salary in New Delhi | ₹3.5 Lakhs to ₹13.7 Lakhs per year |
| Credit Manager Salary in Bangalore / Bengaluru | ₹3.5 Lakhs to ₹14.5 Lakhs per year |
| Credit Manager Salary in Hyderabad / Secunderabad | ₹3.5 Lakhs to ₹13.0 Lakhs per year |
| Credit Manager Salary in Pune | ₹3.3 Lakhs to ₹12.5 Lakhs per year |
What are the top paying industries for Credit Manager in India?
Top 5 paying Industries for Credit Manager in India are:
| Credit Manager Salary in Financial Services | ₹3.4 Lakhs to ₹13.0 Lakhs per year |
| Credit Manager Salary in Banking | ₹3.5 Lakhs to ₹14.0 Lakhs per year |
| Credit Manager Salary in NBFC | ₹3.0 Lakhs to ₹11.0 Lakhs per year |
| Credit Manager Salary in Media & Entertainment / Publishing | ₹3.5 Lakhs to ₹12.8 Lakhs per year |
| Credit Manager Salary in Insurance | ₹3.5 Lakhs to ₹12.6 Lakhs per year |
How does experience affect salaries of a Credit Manager in India?
Experience significantly impacts a Credit Manager salary in India. Salaries increase with experience, as Credit Manager take on more complex tasks, responsibilities, and leadership roles.
Credit Manager salary at different experience level are as follows:
and so on.
| Experience | Average Salary Range |
|---|---|
| 2 years | ₹3.2 Lakhs to ₹5.5 Lakhs per year |
| 3 years | ₹3.0 Lakhs to ₹13.9 Lakhs per year |
| 4 years | ₹3.7 Lakhs to ₹7.6 Lakhs per year |
| 5 years | ₹3.0 Lakhs to ₹9.2 Lakhs per year |
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