Aavas Financiers Mumbai Area Credit Manager Salaries by 5 Employees (Updated 2025)

6 - 11 years exp.

₹6.7 Lakhs - ₹11.5 Lakhs

Salary of majority employees

27% less than the average Area Credit Manager Salary in NBFC Companies for 6 - 11 years of experience

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Salaries in different departments

Finance & Accounting Area Credit Manager Salary 9 - 11 years exp. (4 salaries)	₹6.9 L/yr - ₹11.5 L/yr
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BFSI, Investments & Trading Area Credit Manager Salary 6 years exp. (AmbitionBox Estimate)	₹6.7 L/yr - ₹10.8 L/yr

Last Updated: 23 Jan 2025

Companies similar to Aavas Financiers for Area Credit Manager in Mumbai

Aavas Financiers Area Credit Manager Salary

6 - 11 years exp. (5 salaries)

₹6.7 L/yr - ₹11.5 L/yr

Company name	Avg Annual Salary	Open Jobs
HDFC Bank Area Credit Manager Salary 6 - 16 years exp. (26 salaries)	₹7.5 L/yr - ₹26 L/yr 97% more
Piramal Capital Housing Finance Area Credit Manager Salary 4 - 12 years exp. (20 salaries)	₹10 L/yr - ₹18 L/yr 55% more
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L&T Finance Area Credit Manager Salary 3 - 13 years exp. (37 salaries)	₹8 L/yr - ₹20 L/yr 37% more
IIFL Finance Area Credit Manager Salary 3 - 9 years exp. (12 salaries)	₹9 L/yr - ₹19.6 L/yr 53% more
Poonawalla Fincorp Area Credit Manager Salary 4 - 13 years exp. (9 salaries)	₹6.6 L/yr - ₹18.7 L/yr 22% more
PNB Housing Finance Area Credit Manager Salary 5 - 9 years exp. (7 salaries)	₹12 L/yr - ₹22 L/yr 62% more

Area Credit Manager salary at Aavas Financiers ranges between ₹6.7 Lakhs to ₹11.5 Lakhs per year for employees with experience between 6 years to 11 years. Salary estimates are based on 5 latest salaries received from various employees of Aavas Financiers .

Experience wise Aavas Financiers Area Credit Manager salaries in Mumbai

Last Updated: 23 Jan 2025

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹6.7 L/yr - ₹16.4 L/yr
7 years (AmbitionBox Estimate)	₹8.3 L/yr - ₹10.6 L/yr
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8 years (AmbitionBox Estimate)	₹8.4 L/yr - ₹10.7 L/yr
9 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹9.6 L/yr
10 years (AmbitionBox Estimate)	₹3.8 L/yr - ₹11.5 L/yr
11 years (AmbitionBox Estimate)	₹6.9 L/yr - ₹17.2 L/yr

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Similar Designation salaries in Aavas Financiers

Credit Manager Salary

(10 salaries)

₹3.8 L/yr - ₹7.6 L/yr

Sales Manager Salary

(4 salaries)

₹3.2 L/yr - ₹4.3 L/yr

Branch Credit Manager Salary

(4 salaries)

₹5.45 L/yr - ₹6.55 L/yr

Credit Officer Salary

(3 salaries)

₹3 L/yr - ₹3.76 L/yr

Top skills at Aavas Financiers for Area Credit Manager

Lap Home Loans Credit Underwriting Credit Analysis Credit Management Disbursement Mortgage Loans Credit Credit Appraisal Credit Risk Analysis Sanction Credit Policy Apf Housing MIS

Salary related reviews for Aavas Financiers

Credit Officer in Bangalore / Bengaluru

Full Time

Finance & Accounting Department

1.0

• posted on 24 Jul 2024

3.0

for Salary and Benefits

Likes

Salary and incentive are too good

Job security - Excellent

Dislikes

Company is only worst, they don’t have any time management once you join the company you will be treated has worst , Before Joining the company they tell that we are time management and good working culture but it’s not they will keep on extend the system till 10 or 12 midnight who will work for so long day this will keep on running for two to three week same timing, once u enter into this hell you will feel depressed. Main thing is they are following this employment Contract Bond for one year and 2 years due this bond many employees are staying quite or else all employees will be walk out……. So over all the timing and bond system it’s are two things are impacting the employees part from this the company has good shares and good book size in the market the technology are updating they are making the loan availability smoothly.

Skill development - Bad

+4 more

Relationship Manager in New Delhi

Full Time

Sales & Business Development Department

3.0

• posted on 13 Aug 2024

3.0

for Salary and Benefits

Likes

Location near to my home - good understanding with credit team . No salary deduction at time of covid n even get good incentive for sales of hl and lap

Dislikes

Not work Life balanced , even we have to work at every Sunday .

Work-life balance - Bad

Credit Manager in Jaipur

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 08 May 2023

2.0

for Salary and Benefits

Likes

Experience that i have learned here. There is lot learn for a fresher.

Skill development - Good

Dislikes

work culture HR policy for employees welfare and retention Lack of Holidays Low salary Discrimination between professionals wiz CA and CMA. Lot more closings. it should be 1 closing. working on holidays.

Salary - Poor

+3 more

Credit Manager in Jaipur

Full Time

Risk Management & Compliance Department

3.0

• posted on 07 May 2023

3.0

for Salary and Benefits

Likes

Good company Good salary package

Dislikes

Average working culture and most of the work given to credit Manager instead of sales team. Every day month end at there and personal life can't be enjoying and also unable to spend time with family. To be resources/Hire educated person

Credit Manager in Jaipur

Production, Manufacturing & Engineering Department

1.0

• posted on 01 Jun 2022

1.0

for Salary and Benefits

Likes

There is good amount of liberty and pretty good scope for learning.

Dislikes

...yees. only 3 sundays are available for holiday in a month. this must be changed. salary is very low and increment also at very low level. there must be fixed and strict policy regarding initial package of salary.

Salary - Bad

+4 more

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New Job, Higher Pay, Now I’m Feeling Awkward

I’ve been at my new job for about six months now, and everything’s been going great! I’m getting positive feedback from my manager, and I get along well with the team. The thing is, when I started, my salary offer ended up being much higher than the initial number discussed during my interview. I didn’t negotiate and just accepted the offer. So, fast forward to happy hour with the team, and the topic of salary comes up. I, unfortunately, shared what I’m making, and let’s just say... it didn’t sit well with the others who have been on the team for years and make less than me. They weren’t mad at me, but now I’m feeling a bit uncomfortable and unsure how to handle this situation. Has anyone had something like this happen? How did you deal with it? Let’s chat!

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Aavas Financiers Area Credit Manager Salary FAQs

What is the salary of Area Credit Manager at Aavas Financiers Mumbai?

Area Credit Manager salary at Aavas Financiers in Mumbai ranges between ₹6.7 Lakhs to ₹11.5 Lakhs for experience between 6 years to 11 years. According to our estimates it is 27% less than the average Area Credit Manager Salary in India. Salary estimates are based on 5 latest salaries received from various employees of Aavas Financiers Mumbai.

How does the salary of a Area Credit Manager at Aavas Financiers Mumbai compare with the average salary range for this job?

The average salary of a Area Credit Manager at Aavas Financiers is 27% less than the average salary of a Area Credit Manager in Mumbai. To know exact salary insights, login to view.

What are the top skills required to work as a Area Credit Manager at Aavas Financiers ?

Lap, Home Loans, Credit Underwriting, Credit Analysis and Credit Management are some of the popular skills required to work as a Area Credit Manager at Aavas Financiers Mumbai.

Which similar companies are paying more than Aavas Financiers to a Area Credit Manager in Mumbai?

HDFC Bank Area Credit Manager Salary - ₹7.5 Lakhs to ₹26.0 Lakhs per year
PNB Housing Finance Area Credit Manager Salary - ₹12.0 Lakhs to ₹22.0 Lakhs per year
Piramal Capital Housing Finance Area Credit Manager Salary - ₹10.0 Lakhs to ₹18.0 Lakhs per year
IIFL Finance Area Credit Manager Salary - ₹9.0 Lakhs to ₹19.6 Lakhs per year
L&T Finance Area Credit Manager Salary - ₹8.0 Lakhs to ₹20.0 Lakhs per year

What is the salary of a Area Credit Manager in companies similar to Aavas Financiers in Mumbai?

Poonawalla Fincorp Area Credit Manager Salary - ₹6.6 Lakhs to ₹18.7 Lakhs per year

What is the estimated take home salary of a Area Credit Manager at Aavas Financiers in Mumbai?

The estimated take-home salary of a Area Credit Manager at Aavas Financiers ranges between ₹68,375 per month to ₹70,129 per month in Mumbai. The take-home salary calculation is based on the average Aavas Financiers Area Credit Manager salary in India which ranges between ₹6.7 Lakhs to ₹11.5 Lakhs per year for employees with experience between 6 years to 11 years. Check how did we calculate take home salary?

What is the notice period for Area Credit Manager at Aavas Financiers in Mumbai?

According to AmbitionBox, 100% of the Aavas Financiers Area Credit Managers in Mumbai reported a notice period of 3 Months.This is based on 3 responses on AmbitionBox in last 2 years.

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Aavas Financiers Area Credit Manager Salaries in Mumbai

Aavas Financiers Area Credit Manager salary in Mumbai ranges between ₹6.7 Lakhs to ₹11.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 5 Aavas Financiers latest salaries received from various employees of Aavas Financiers .