Credit Underwriter
Annual salary range
₹1.9 Lakh - ₹11.3 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 272
latest salaries
• updated:
3 Mar 2025
Select an experience to get the exact salary
Salary of majority employees
Experience wise Credit Underwriter salaries
| Years of experience | Avg. Annual Salary |
|---|---|
1
year
(55
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 Salary in
Mumbai ranges between ₹1.9
Lakh to ₹11.3
Lakhs for
1 year of experience to 7 years of experience
. Salary estimates are based on
272 latest salaries received
from Credit Underwriter.
See latest salaries
Credit Underwriter salaries in different departments
| Department | Avg Annual Salary |
|---|---|
BFSI, Investments & Trading
Credit Underwriter Salary
1 - 7
years
exp.
(93
salaries)
| ₹2 L/yr - ₹11.3 L/yr |
Login to view exact salary
| |
Finance & Accounting
Credit Underwriter Salary
1 - 7
years
exp.
(89
salaries)
| ₹1.9 L/yr - ₹11 L/yr |
View all departments salaries
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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
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
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| Company Name | Avg Annual Salary | Open Jobs |
|---|---|---|
0 -
4
yrs
exp.
.
Mumbai
(34 salaries)
|
₹2.4 L/yr - ₹5 L/yr | |
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
(11 salaries)
|
₹2.7 L/yr - ₹7.4 L/yr | |
0 -
7
yrs
exp.
.
Mumbai
(10 salaries)
|
₹2.3 L/yr - ₹11.3 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
| ||
3 -
8
yrs
exp.
.
Mumbai
(8 salaries)
|
₹2 L/yr - ₹5 L/yr | |
4 -
8
yrs
exp.
.
Mumbai
(7 salaries)
|
₹4.5 L/yr - ₹7 L/yr | |
Credit Underwriter Jobs in Mumbai
Credit Underwriter
· 10-15 years
Piramal Enterprises
Jaipur
Credit Underwriter
· 12-18 years
Live connection
Credit Underwriter
· 1-3 years
Udaan
Similar Designation Salaries for Credit Underwriter
| Designations | Avg Annual Salary |
|---|---|
Credit Officer Salary
1 -
7
years
exp.
(632 salaries)
| ₹2 L/yr - ₹8.5 L/yr |
Credit Executive Salary
1 -
6
years
exp.
(304 salaries)
| ₹1.5 L/yr - ₹4.5 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
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
Axis Bank
Sales Officer in Mathura
• posted on 14 Dec 2024
Likes
Positive work culture
- Salary - Excellent
+6 more
Dislikes
Work life balance, sales oriented rather than being service oriented, unrealistic expectations, low salary, less transparency
read moreKotak 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.
Jana Small Finance Bank
Assistant Manager in Bhopal
• posted on 11 Oct 2020
Likes
During lockdown period bank has given full salary without deduction
Dislikes
Upper management even HR is not supportive, they don't want to solve employee issues, no job security, no bank off on 2nd and 3rd saturdays
read more- Job security - Poor
+2 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 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.
| ₹2.1 L/yr - ₹13 L/yr |
Banking Credit Underwriter
1 -
7
years
exp.
| ₹2.2 L/yr - ₹9.4 L/yr |
Login to view exact salary
| |
FinTech Credit Underwriter
1 -
7
years
exp.
| ₹2.2 L/yr - ₹12 L/yr |
NBFC Credit Underwriter
1 -
7
years
exp.
| ₹2.5 L/yr - ₹8.6 L/yr |
Media & Entertainment / Publishing Credit Underwriter
1 -
7
years
exp.
| ₹2.3 L/yr - ₹10 L/yr |
View More
Frequently Asked Questions about Credit Underwriter Salaries
What is the salary of a Credit Underwriter in India?
Salary for a Credit Underwriter in India ranges between ₹1.9 Lakhs to ₹11.3 Lakhs per year. Salary estimates are based on 272 latest salaries received from various Credit Underwriters across industries.
What are the top paying companies that employ Credit Underwriters?
- PayPal Credit Underwriter Salary - ₹14.3 Lakhs per year
- ANZ Banking Group Credit Underwriter Salary - ₹8.4 Lakhs per year
- HDFC Bank Credit Underwriter Salary - ₹7.1 Lakhs per year
- ICICI Bank Credit Underwriter Salary - ₹6.2 Lakhs per year
- Accenture Credit Underwriter Salary - ₹5.2 Lakhs per year
What is the starting salary for a Credit Underwriter in India?
Average starting Salary for Credit Underwriter in India is around ₹1.9 Lakhs per year (₹15.8k per month). 1 year of minimum experience is required to be a Credit Underwriter.
What is the highest salary for a Credit Underwriter in India?
Highest salary that a Credit Underwriter can earn is ₹20.1 Lakhs per year (₹1.7L per month).
What are the top paying industries for Credit Underwriter in India?
- Financial Services - ₹1.0 Lakhs to 25.0 Lakhs per year
- Internet - ₹3.5 Lakhs to 12.0 Lakhs per year
- NBFC - ₹1.6 Lakhs to 40.0 Lakhs per year
- Banking - ₹0.2 Lakhs to 12.0 Lakhs per year
- FinTech - ₹1.9 Lakhs to 7.6 Lakhs per year
What are the top paying cities for Credit Underwriter in India?
- Hyderabad / Secunderabad - ₹1.6 Lakhs to 22.0 Lakhs per year
- Chennai - ₹0.2 Lakhs to 90.0 Lakhs per year
- Mumbai - ₹0.2 Lakhs to 40.0 Lakhs per year
- Bangalore / Bengaluru - ₹0.2 Lakhs to 30.0 Lakhs per year
- New Delhi - ₹0.2 Lakhs to 25.0 Lakhs per year
What are the popular/top skills required to become a Credit Underwriter?
These are the top skills of a Credit Underwriter based on 21 jobs posted by employers.
- Finance
- Risk Management
- Medical Underwriting
- Credit Analysis
- Personal Loans
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