Credit Manager
Annual salary range
₹3 Lakhs - ₹13 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 India (Updated 2025)
based on 20k
latest salaries
• updated:
19 Mar 2025
Select an experience to get the exact salary
Salary of majority employees
Credit Manager Salary in India ranges between ₹3 Lakhs to ₹13 Lakhs for 1 year of experience to 10 years of experience. Salary estimates are based on 20k 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.
(3.2k salaries)
|
₹4.3 L/yr - ₹18 L/yr | |
0 -
12
yrs
exp.
(2.7k salaries)
|
₹3.5 L/yr - ₹14 L/yr | 2 job openings |
Login to view exact salary
| ||
0 -
11
yrs
exp.
(1k salaries)
|
₹3.8 L/yr - ₹15 L/yr | |
0 -
12
yrs
exp.
(822 salaries)
|
₹4 L/yr - ₹14.8 L/yr | |
0 -
10
yrs
exp.
(817 salaries)
|
₹3 L/yr - ₹13 L/yr | |
0 -
11
yrs
exp.
(519 salaries)
|
₹2.4 L/yr - ₹11 L/yr | |
0 -
12
yrs
exp.
(474 salaries)
|
₹2 L/yr - ₹9 L/yr | 1 job opening |
0 -
11
yrs
exp.
(447 salaries)
|
₹3.6 L/yr - ₹12.4 L/yr | 6 job openings |
Login to view exact salary
| ||
0 -
12
yrs
exp.
(416 salaries)
|
₹4.2 L/yr - ₹14.3 L/yr | 1 job opening |
1 -
9
yrs
exp.
(395 salaries)
|
₹2 L/yr - ₹9 L/yr | 4 job openings |
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
(2.2k
salaries)
| ₹3 L/yr - ₹11.5 L/yr |
2
years
(2.5k
salaries)
| ₹3 L/yr - ₹12 L/yr |
Login to view exact salary
| |
3
years
(2.6k
salaries)
| ₹3 L/yr - ₹12 L/yr |
4
years
(2.7k
salaries)
| ₹3 L/yr - ₹12.2 L/yr |
5
years
(3k
salaries)
| ₹3.1 L/yr - ₹13 L/yr |
View all salaries by experience
Credit Manager Jobs in India
Credit Manager
· 3-7 years
Muthoot FinCorp (MFL)
Anantapur
Credit Manager
· 2-7 years
Equitas Small Finance Bank Ltd
Bangalore / Bengaluru
Credit Manager
· 3-6 years
HDB Financial Services
Malappuram
Similar Designation Salary
| Similar Designation | Avg. annual salary |
|---|---|
Senior Manager Salary
6 -
20
years
exp.
(1.7L salaries)
| ₹7 L/yr - ₹40.6 L/yr |
Chief Manager Salary
6 -
24
years
exp.
(14k salaries)
| ₹8 L/yr - ₹37.2 L/yr |
Login to view exact salary
| |
Area Credit Manager Salary
4 -
14
years
exp.
(4.5k salaries)
| ₹5.4 L/yr - ₹19.3 L/yr |
Branch Manager Salary
4 -
17
years
exp.
(50.8k salaries)
| ₹2.7 L/yr - ₹18 L/yr |
Deputy Manager Salary
3 -
15
years
exp.
(2.2L salaries)
| ₹4 L/yr - ₹18 L/yr |
View more similar designations
Salary reviews by Credit Manager and similar roles
HDFC Bank
Credit Manager
• 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
• posted on 02 Feb 2025
Muthoot Finance
Deputy Manager
• posted on 01 Dec 2024
Likes
salary hike and Career growth is nominal.. work culture and work life balance is best
read more- Skill development - Good
+4 more
Dislikes
Increment of salary and Incentives payout is only for seniors and RO employees, branch level employee only get the nominal amount
read more- Promotions - Poor
Equitas Small Finance Bank
Deputy Manager
• posted on 18 Dec 2024
Likes
My manager and head Ma’am are very approachable. Always there to guide both personally and professionally. It is like family.
read more- Salary - Good
+4 more
Dislikes
No proper parking No personal life balance Should give pay for working on holiday internal job posting should be opened to everyone as sometimes due to experience eligibility we lose the opportunity
read moreL&T Finance
Branch Manager
• posted on 10 Feb 2025
Likes
Work life Salary Skill development
- Salary - Good
+4 more
Dislikes
Some kind of aggressive mentors monitoring, It's too worst to face and use some salary to work comparision words continue revert by supervisor and superior officials
read moreTop skills for Credit Manager
Credit Manager Salary By Locations
| Locations | Avg. annual salary |
|---|---|
Mumbai
Credit Manager
1 -
10
years
exp.
| ₹3.6 L/yr - ₹13.5 L/yr |
New Delhi
Credit Manager
1 -
10
years
exp.
| ₹3.5 L/yr - ₹13.5 L/yr |
Login to view exact salary
| |
Bangalore / Bengaluru
Credit Manager
1 -
10
years
exp.
| ₹3.5 L/yr - ₹14.4 L/yr |
Hyderabad / Secunderabad
Credit Manager
1 -
10
years
exp.
| ₹3.5 L/yr - ₹13 L/yr |
Pune
Credit Manager
1 -
9
years
exp.
| ₹3.2 L/yr - ₹12.2 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 - ₹12.7 L/yr |
Insurance Credit Manager
1 -
9
years
exp.
| ₹3.5 L/yr - ₹12.5 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 ₹13.0 Lakhs per year. Top companies and specialized roles may offer higher compensation.
The average starting salary is around ₹3.0 Lakhs to ₹13.0 Lakhs per year, with the highest salary reaching ₹11.0 Lakhs to ₹17.5 Lakhs per year. Salary estimates are based on 20k salaries received from various Credit Managers across industries.
The average starting salary is around ₹3.0 Lakhs to ₹13.0 Lakhs per year, with the highest salary reaching ₹11.0 Lakhs to ₹17.5 Lakhs per year. Salary estimates are based on 20k 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 |
| IDBI Bank Credit Manager Salary | ₹12 Lakhs to ₹25.2 Lakhs per year |
| Indian Bank Credit Manager Salary | ₹12 Lakhs to ₹21.8 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 ₹13.5 Lakhs per year |
| Credit Manager Salary in New Delhi | ₹3.5 Lakhs to ₹13.5 Lakhs per year |
| Credit Manager Salary in Bangalore / Bengaluru | ₹3.5 Lakhs to ₹14.4 Lakhs per year |
| Credit Manager Salary in Hyderabad / Secunderabad | ₹3.5 Lakhs to ₹13.0 Lakhs per year |
| Credit Manager Salary in Pune | ₹3.2 Lakhs to ₹12.2 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 ₹12.7 Lakhs per year |
| Credit Manager Salary in Insurance | ₹3.5 Lakhs to ₹12.5 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 |
|---|---|
| 1 year | ₹3.0 Lakhs to ₹11.5 Lakhs per year |
| 2 years | ₹3.0 Lakhs to ₹12.0 Lakhs per year |
| 3 years | ₹3.0 Lakhs to ₹12.0 Lakhs per year |
| 4 years | ₹3.0 Lakhs to ₹12.2 Lakhs per year |
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