Credit Underwriter
Annual salary range
₹2 Lakhs - ₹11 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 Underwriter Salary in Mumbai (Updated 2025)
based on 268
latest salaries
• updated:
14 Mar 2025
Select an experience to get the exact salary
Salary of majority employees
Credit Underwriter Salary in Mumbai ranges between ₹2 Lakhs to ₹11 Lakhs for 1 year of experience to 7 years of experience. Salary estimates are based on 268 latest salaries received from Credit Underwriter.
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 |
|---|---|---|
HDFC Bank Credit Underwriter Salary
1 year exp |  | |
ICICI Bank Credit Underwriter Salary
1 year exp | | |
 Credit Underwriter Salary
1 year exp | | |
 Credit Underwriter Salary
1 year exp | | |
 Credit Underwriter Salary
1 year exp | | 1 job opening |
Is this list helpful? | ||
View more companies
| Company Name | Avg. annual salary | Open Jobs |
|---|---|---|
|
0 -
4
yrs
exp.
.
Mumbai
(34 salaries)
|
₹2.4 L/yr - ₹5 L/yr | 1 job opening |
0 -
7
yrs
exp.
.
Mumbai
(24 salaries)
|
₹2.1 L/yr - ₹5.5 L/yr | |
Login to view exact salary
| ||
1 -
5
yrs
exp.
.
Mumbai
(18 salaries)
|
₹1.9 L/yr - ₹3.2 L/yr | |
1 -
6
yrs
exp.
.
Mumbai
(15 salaries)
|
₹3.6 L/yr - ₹5 L/yr | |
2 -
7
yrs
exp.
.
Mumbai
(10 salaries)
|
₹2.7 L/yr - ₹4.2 L/yr | |
3 -
8
yrs
exp.
.
Mumbai
(9 salaries)
|
₹2 L/yr - ₹5 L/yr | |
1 -
6
yrs
exp.
.
Mumbai
(9 salaries)
|
₹2 L/yr - ₹4.5 L/yr | |
2 -
6
yrs
exp.
.
Mumbai
(9 salaries)
|
₹3 L/yr - ₹4.6 L/yr | |
Login to view exact salary
| ||
|
0 -
7
yrs
exp.
.
Mumbai
(8 salaries)
|
₹3.2 L/yr - ₹11.3 L/yr | |
4 -
8
yrs
exp.
.
Mumbai
(7 salaries)
|
₹4.5 L/yr - ₹7 L/yr | |
Latest annual salaries shared by Credit Underwriters
2d ago
Bandhan Bank
Credit Underwriter
1 year exp.
2d ago
XL Dynamics
Credit Underwriter
5 years exp.
2d ago
Midland Microfin Limited
Credit Underwriter
2 years exp.
3d ago
Aye Finance
Credit Underwriter
6 years exp.
5d ago
RBL Bank
Credit Underwriter
3 years exp.
6d ago
Bajaj Finserv
Credit Underwriter
6 years exp.
1w ago
InCred Finance
Credit Underwriter
3 years exp.
1w ago
KhataBook
Credit Underwriter
3 years exp.
1w ago
Vistaar Finance
Credit Underwriter
1 year exp.
1w ago
Finequs
Credit Underwriter
4 years exp.
View all latest salaries
Credit Underwriter salaries by
| Years of experience | Avg. annual salary |
|---|---|
1
year
(54
salaries)
| ₹1.6 L/yr - ₹8 L/yr |
2
years
(56
salaries)
| ₹2 L/yr - ₹12 L/yr |
Login to view exact salary
| |
3
years
(53
salaries)
| ₹1.8 L/yr - ₹8.8 L/yr |
4
years
(45
salaries)
| ₹2.5 L/yr - ₹11 L/yr |
5
years
(29
salaries)
| ₹3 L/yr - ₹11.3 L/yr |
View all salaries by experience
Credit Underwriter Jobs in Mumbai
Credit Underwriter
· 1-3 years
Udaan
Credit Underwriter
· 12-18 years
Live connection
Credit Underwriter
· 3-8 years
BIZ2X Platform Private Limited
Noida
Similar Designation Salary
| Similar Designation | Avg. annual salary |
|---|---|
Credit Officer Salary
1 -
7
years
exp.
(626 salaries)
| ₹2 L/yr - ₹8.8 L/yr |
Credit Executive Salary
1 -
6
years
exp.
(300 salaries)
| ₹1.5 L/yr - ₹4.8 L/yr |
Login to view exact salary
| |
Credit Manager Salary
1 -
10
years
exp.
(2.8k salaries)
| ₹3.6 L/yr - ₹13.5 L/yr |
Credit Analyst Salary
1 -
7
years
exp.
(1.6k salaries)
| ₹2.2 L/yr - ₹20 L/yr |
Senior Executive Salary
2 -
11
years
exp.
(25k salaries)
| ₹2.3 L/yr - ₹10 L/yr |
View more similar designations
Salary related reviews by similar designations like Credit Underwriter
Kotak Mahindra Bank
Assistant Manager in Davanagere
• posted on 28 Jan 2025
Likes
Here collegues and team lead is very supportive. They guide us each work it will helpful for us to finish the work in timeline.
read more- Job security - Excellent
+2 more
Dislikes
Here salary is not satisfied, promotion also u will get very rarely.
Axis Bank
Assistant Manager in Mumbai
• posted on 08 Jan 2025
Likes
Salary on time
Dislikes
Earlier it was nice to work with this company but now work environment has been changed. So it's difficult to work here
- Skill development - Poor
+3 more
Accenture
Assistant Manager in Bangalore / Bengaluru
• posted on 26 Sep 2023
Likes
Overall good experience to work with Accenture
- Skill development - Good
+5 more
Dislikes
Salary is not as per market standard, rest everything is 👍
Bandhan Bank
Assistant Manager in Dumraon
• posted on 08 Dec 2024
Likes
good work environment, good pay, and opportunities for learning and growth: Work environment: Some say the work environment is good and easy to adapt to. Others say the work culture is nice and professional.
read more- Salary - Excellent
+6 more
Dislikes
No dislike
HDFC Bank
Assistant Manager in Lucknow
• posted on 12 Jan 2025
Likes
Salary on time.
- Work-life balance - Good
Dislikes
Good but,very High pressure for operation staff for sales work with,sales target of casa,fd, insurance,sip, other, In this organization there is nothing in operation work in retail branch banking. If sales pressure trun off from service satff then no job is better of it.
read more- Promotions - Poor
+1 more
Top skills for Credit Underwriter
Credit Underwriter Salary In Other Locations
| Locations | Avg. annual salary |
|---|---|
Bangalore / Bengaluru
Credit Underwriter
1 -
7
years
exp.
| ₹2.3 L/yr - ₹13.5 L/yr |
New Delhi
Credit Underwriter
1 -
7
years
exp.
| ₹1.6 L/yr - ₹8.5 L/yr |
Login to view exact salary
| |
Chennai
Credit Underwriter
1 -
7
years
exp.
| ₹2 L/yr - ₹7 L/yr |
Gurgaon / Gurugram
Credit Underwriter
1 -
7
years
exp.
| ₹2.4 L/yr - ₹8 L/yr |
Hyderabad / Secunderabad
Credit Underwriter
1 -
7
years
exp.
| ₹2.8 L/yr - ₹11.3 L/yr |
View More
Credit Underwriter Salary By Industries
| Industries | Avg. annual salary |
|---|---|
Financial Services Credit Underwriter
1 -
7
years
exp.
| ₹2 L/yr - ₹12.6 L/yr |
Banking Credit Underwriter
1 -
7
years
exp.
| ₹2 L/yr - ₹9.5 L/yr |
Login to view exact salary
| |
NBFC Credit Underwriter
1 -
7
years
exp.
| ₹2.2 L/yr - ₹9 L/yr |
FinTech Credit Underwriter
1 -
7
years
exp.
| ₹2.3 L/yr - ₹12 L/yr |
Media & Entertainment / Publishing Credit Underwriter
1 -
7
years
exp.
| ₹2.2 L/yr - ₹10 L/yr |
View More
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 ₹11.0 Lakhs per year. Top companies and specialized roles may offer higher compensation.
The average starting salary is around ₹2.0 Lakhs to ₹11.0 Lakhs per year, with the highest salary reaching ₹2.0 Lakhs to ₹8.9 Lakhs per year. Salary estimates are based on 268 salaries received from various Credit Underwriters across industries.
The average starting salary is around ₹2.0 Lakhs to ₹11.0 Lakhs per year, with the highest salary reaching ₹2.0 Lakhs to ₹8.9 Lakhs per year. Salary estimates are based on 268 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
Salaries depend on experience, role, and location. Additional compensation may include bonuses and stock options.
| 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 |
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
Salary expectations for Credit Underwriter may vary based on job roles, experience, and specific employer requirements.
| Credit Underwriter Salary in Bangalore / Bengaluru | ₹2.3 Lakhs to ₹13.5 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 |
| Credit Underwriter Salary in Hyderabad / Secunderabad | ₹2.8 Lakhs to ₹11.3 Lakhs per year |
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 | ₹2.0 Lakhs to ₹12.6 Lakhs per year |
| Credit Underwriter Salary in Banking | ₹2.0 Lakhs to ₹9.5 Lakhs per year |
| Credit Underwriter Salary in NBFC | ₹2.2 Lakhs to ₹9.0 Lakhs per year |
| Credit Underwriter Salary in FinTech | ₹2.3 Lakhs to ₹12.0 Lakhs per year |
| Credit Underwriter Salary in Media & Entertainment / Publishing | ₹2.2 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:
and so on.
| Experience | Average Salary Range |
|---|---|
| 1 year | ₹1.6 Lakhs to ₹8.0 Lakhs per year |
| 2 years | ₹2.0 Lakhs to ₹12.0 Lakhs per year |
| 3 years | ₹1.8 Lakhs to ₹8.8 Lakhs per year |
| 4 years | ₹2.5 Lakhs to ₹11.0 Lakhs per year |
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