Credit Underwriter

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Credit Underwriter Salary in India (Updated 2025)

based on 1.5k latest salaries • updated: 19 Mar 2025
Select an experience to get the exact salary

Annual salary range

₹2 Lakhs - ₹10.8 Lakhs

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Very High Confidence means the data is based on a large number of latest salaries.
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Credit Underwriter Salary in India ranges between ₹2 Lakhs to ₹10.8 Lakhs for 1 year of experience to 7 years of experience. Salary estimates are based on 1.5k latest salaries received from Credit Underwriter.
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Top Paying Companies for Credit Underwriter with 1 year exp

Company name Avg. annual salary Open Jobs
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1 job opening
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Latest annual salaries shared by Credit Underwriters

2d ago

Bandhan Bank

Credit Underwriter

1 year exp.

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2d ago

XL Dynamics

Credit Underwriter

5 years exp.

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2d ago

Midland Microfin Limited

Credit Underwriter

2 years exp.

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3d ago

Aye Finance

Credit Underwriter

6 years exp.

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5d ago

RBL Bank

Credit Underwriter

3 years exp.

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6d ago

Bajaj Finserv

Credit Underwriter

6 years exp.

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1w ago

InCred Finance

Credit Underwriter

3 years exp.

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1w ago

KhataBook

Credit Underwriter

3 years exp.

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1w ago

Vistaar Finance

Credit Underwriter

1 year exp.

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1w ago

Finequs

Credit Underwriter

4 years exp.

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View all latest salaries

Credit Underwriter salaries by

Years of experience Avg. annual salary
1 year
(261 salaries)
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₹1.6 L/yr - ₹8 L/yr

2 years
(291 salaries)
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₹2 L/yr - ₹8.7 L/yr

3 years
(261 salaries)
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₹2 L/yr - ₹9 L/yr

4 years
(225 salaries)
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₹2.4 L/yr - ₹11 L/yr

5 years
(203 salaries)
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₹2.6 L/yr - ₹13.2 L/yr

View all salaries by experience

Credit Underwriter Jobs in India

Credit Underwriter

· 1-3 years

Udaan

·
4.0

Credit Underwriter

· 12-18 years

Live connection

·
4.2

Credit Underwriter

· 3-8 years

BIZ2X Platform Private Limited

·
3.9

Noida

View all Credit Underwriter jobs

Similar Designation Salary

Similar Designation Avg. annual salary
Credit Officer Salary
1 - 7 years exp.
(7.9k salaries)
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₹1.8 L/yr - ₹7 L/yr

Credit Executive Salary
1 - 6 years exp.
(2.9k salaries)
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₹1.4 L/yr - ₹4 L/yr

Credit Manager Salary
1 - 10 years exp.
(20k salaries)
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₹3 L/yr - ₹13 L/yr

Credit Analyst Salary
1 - 8 years exp.
(7.5k salaries)
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₹2.2 L/yr - ₹16 L/yr

Senior Executive Salary
2 - 11 years exp.
(2.5L salaries)
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₹2.4 L/yr - ₹9.5 L/yr

View more similar designations

Credit Underwriter Salary By Locations

Locations Avg. annual salary
Bangalore / Bengaluru
Credit Underwriter
1 - 7 years exp.
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₹2.3 L/yr - ₹13 L/yr

Mumbai
Credit Underwriter
1 - 7 years exp.
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₹1.9 L/yr - ₹11.3 L/yr

New Delhi
Credit Underwriter
1 - 7 years exp.
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₹1.6 L/yr - ₹8.5 L/yr

Chennai
Credit Underwriter
1 - 7 years exp.
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₹2 L/yr - ₹7 L/yr

Gurgaon / Gurugram
Credit Underwriter
1 - 7 years exp.
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₹2.4 L/yr - ₹8 L/yr

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Credit Underwriter Salary By Industries

Industries Avg. annual salary

Financial Services

Credit Underwriter
1 - 7 years exp.
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₹2.1 L/yr - ₹13 L/yr

Banking

Credit Underwriter
1 - 7 years exp.
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₹2.2 L/yr - ₹9.4 L/yr

FinTech

Credit Underwriter
1 - 7 years exp.
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₹2.2 L/yr - ₹12 L/yr

NBFC

Credit Underwriter
1 - 7 years exp.
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₹2.5 L/yr - ₹8.6 L/yr

Media & Entertainment / Publishing

Credit Underwriter
1 - 7 years exp.
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₹2.3 L/yr - ₹10 L/yr

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Frequently Asked Questions (FAQS) about Credit Underwriter Salaries

What is the salary of a Credit Underwriter in India?
The salary of a Credit Underwriter in India varies based on experience, location, company & Industry. On average, Credit Underwriter salaries ranges from ₹2.0 Lakhs to ₹10.8 Lakhs per year. Top companies and specialized roles may offer higher compensation.

The average starting salary is around ₹2.0 Lakhs to ₹10.8 Lakhs per year, with the highest salary reaching ₹2.0 Lakhs to ₹8.9 Lakhs per year. Salary estimates are based on 1.5k salaries received from various Credit Underwriters across industries.
What are the top paying companies that employ Credit Underwriters?
Credit Underwriter Salaries at Top paying companies in India are
HDFC Bank Credit Underwriter Salary ₹2 Lakhs to ₹8.9 Lakhs per year
ICICI Bank Credit Underwriter Salary ₹1.2 Lakhs to ₹6 Lakhs per year
Axis Bank Credit Underwriter Salary ₹3 Lakhs to ₹5 Lakhs per year
Bandhan Bank Credit Underwriter Salary ₹2 Lakhs to ₹9 Lakhs per year
Liquiloans Credit Underwriter Salary ₹2.4 Lakhs to ₹5 Lakhs per year
Salaries depend on experience, role, and location. Additional compensation may include bonuses and stock options.
What are the top paying cities for Credit Underwriter in India?
The annual salary for Credit Underwriter in India varies by location. Top paying cities for Credit Underwriter are
Credit Underwriter Salary in Bangalore / Bengaluru ₹2.3 Lakhs to ₹13.0 Lakhs per year
Credit Underwriter Salary in Mumbai ₹1.9 Lakhs to ₹11.3 Lakhs per year
Credit Underwriter Salary in New Delhi ₹1.6 Lakhs to ₹8.5 Lakhs per year
Credit Underwriter Salary in Chennai ₹2.0 Lakhs to ₹7.0 Lakhs per year
Credit Underwriter Salary in Gurgaon / Gurugram ₹2.4 Lakhs to ₹8.0 Lakhs per year
Salary expectations for Credit Underwriter may vary based on job roles, experience, and specific employer requirements.
What are the top paying industries for Credit Underwriter in India?
Top 5 paying Industries for Credit Underwriter in India are:
Credit Underwriter Salary in Financial Services ₹2.1 Lakhs to ₹13.0 Lakhs per year
Credit Underwriter Salary in Banking ₹2.2 Lakhs to ₹9.4 Lakhs per year
Credit Underwriter Salary in FinTech ₹2.2 Lakhs to ₹12.0 Lakhs per year
Credit Underwriter Salary in NBFC ₹2.5 Lakhs to ₹8.6 Lakhs per year
Credit Underwriter Salary in Media & Entertainment / Publishing ₹2.3 Lakhs to ₹10.0 Lakhs per year
How does experience affect salaries of a Credit Underwriter in India?
Experience significantly impacts a Credit Underwriter salary in India. Salaries increase with experience, as Credit Underwriter take on more complex tasks, responsibilities, and leadership roles. Credit Underwriter salary at different experience level are as follows:
Experience Average Salary Range
1 year ₹1.6 Lakhs to ₹8.0 Lakhs per year
2 years ₹2.0 Lakhs to ₹8.7 Lakhs per year
3 years ₹2.0 Lakhs to ₹9.0 Lakhs per year
4 years ₹2.4 Lakhs to ₹11.0 Lakhs per year
and so on.

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